Bake Cheese Tart Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
BAKE Cheese Tart is a dessert franchise serving fresh-baked Japanese-style cheese tarts. Franchisees run the shops, managing baking, staffing, and counter service.
FranchiseVerdict summary · 2026
A BAKE CHEESE TART franchise requires a total initial investment of $206K – $440K, including a $40K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $206K – $440K
- 26th pct Service Resta…
- Avg gross sales
- N/A
- Company-owned only1 outlet
- Royalty
- 5.0%
- 11th pct Service Resta…
- Units
- 1
- 3rd pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $206K – $440K including a $40K franchise fee, 5.0% ongoing royalty.
- RETURNSFranchisor had $0 revenue in FY2025 and FY2024; Bake Franchise, Inc. has registered FDDs but had not begun selling franchises, so no franchise fee revenue was recognized. Net loss driven by legal/professional fees. Audited by independent CPA in Fountain Valley, CA (firm name not legible in text).
- RISKVerdict C (Average), verdict score 39/100 (higher is better).
- DATAItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- BAKE FRANCHISE, INC.
- Parent company
- BAKE USA, Inc.
- Ultimate parent
- Bake Inc. (Bake Japan)
- CEO title
- CEO and CFO
- Hidekazu Kasai
- Incorporated in
- CA
- HQ
- 10250 Santa Monica Blvd., Suite 2900, Los Angeles, CA 90067
- Auditor
- SCHILD & CO., INC.
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
Overview
About
- CEO
- Hidekazu Kasai
- Headquarters
- CA
- Founded
- 2018
- FDD year
- 2025
- States available
- 1
Can you afford it, and what does the money buy?
Entry cost runs 51% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $40K | $40K |
| Working capital (3–6 mo) | $9K | $15K |
| Equipment, build-out, other | $157K | $385K |
| Total initial investment | $206K | $440K |
Source: BAKE CHEESE TART 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $206K – $440K
- Top 40% of category vs category
- Liquid capital req'd
- $9K – $15K
- Top 40% of category vs category
- Franchise fee
- $40K – $40K
- Middle of category vs category
- Royalty
- 5.0%
- percentage · typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 0.0% of gross sales |
| Training fee | $3K |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Inventory (initial) | $21K – $21K |
| Total fee load | 6.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
BAKE CHEESE TART did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one BAKE CHEESE TART unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
38%
Within the 30–60% "attractive franchise" band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Franchisor had $0 revenue in FY2025 and FY2024; Bake Franchise, Inc. has registered FDDs but had not begun selling franchises, so no franchise fee revenue was recognized. Net loss driven by legal/professional fees. Audited by independent CPA in Fountain Valley, CA (firm name not legible in text).
Company-owned outlets only - not franchisee performance
Based on a single outlet - not a system average
- Item 19 type
- gross sales
- Sample size
- 1 outlet
- vs category median 20 · small
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2025
- The FDD edition these figures were read from
- Transparency
- 6 / 10
- vs category median 4 / 10 · above
Compared against 782 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Multi-unit rate
Only 4% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Bake Cheese Tart Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 1
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
- Multi-unit owners
- 4.3%
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 0
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Extremely limited franchisee base (1 unit) combined with undisclosed net income and wide investment range creates significant due diligence gaps and unproven franchise economics.
Litigation (Item 3)
No litigation required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · SCHILD & CO., INC.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 39 / 100 verdict
- 01MINOROnly 1 franchised unit reported — indicates minimal system growth and unproven franchise model scalability
- 02MEDNet income not disclosed in FDD Item 19 — impossible to assess actual profitability or validate $771k average revenue claim
- 03MEDHigh initial investment range ($205k-$440k) relative to disclosed average revenue with unknown profit margins creates ROI uncertainty
- 04MINOR5% royalty on gross revenues (not net) is favorable, but lacks transparency on actual franchisee take-home after CoGS and labor
- 05MINORSingle unit makes validation nearly impossible — cannot compare performance across multiple locations or market conditions
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | exclusive |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Los Angeles County, California |
| Jury trial waiver | No |
| Governing law | CA |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 11 hrs
- On-the-job training
- 44 hrs
- Training location
- Los Angeles/Torrance, California
- Ongoing training
- Optional
- Time to open
- 6 mo
- From signing to launch
- Site selection
- Franchisee (with franchisor approval)
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a BAKE CHEESE TART franchise?
The total investment to open a BAKE CHEESE TART franchise ranges from $206K – $440K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do BAKE CHEESE TART franchise owners earn?
BAKE CHEESE TART does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the BAKE CHEESE TART FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the BAKE CHEESE TART FDD and qualifies whose outlets they describe.
What is BAKE CHEESE TART's franchise failure rate?
SBA 7(a) loan charge-off data is not available for BAKE CHEESE TART (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many BAKE CHEESE TART franchise locations are there?
As of their most recent FDD filing, BAKE CHEESE TART has 1 total units in the United States, including 0 franchised units and 1 company-owned units.
Is BAKE CHEESE TART a good franchise to buy?
FranchiseVerdict rates BAKE CHEESE TART as a C-grade franchise with a verdict score of 39 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.