Bandana's Bar-B-Q
Bottom line
- Total investment $380K – $1.2M including a $40K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100.
- System growing at 20.0% CAGR over 3 years with 27 total units — strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Bandana's Bar-B-Q unit return on the cash you put in?
Unlevered ROIC · per unit
14%
Below typical band (30–60%)
Overview
About
Bandana's Bar-B-Q franchisees operate quick-service barbecue restaurants focused on smoked meats, sides, and regional BBQ offerings. Day-to-day operations include food prep/smoking, counter service or limited table service, inventory management, staffing, and brand compliance. Capital requirements reflect kitchen equipment, buildout, and working capital typical of food service.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 9 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Bandana's presents a CAUTION-level risk profile due to missing financial transparency, questionable corporate stability, tiny system size, and gross-sales-based royalties without performance visibility.
Score breakdown · what drove the 65 / 100 rating
- 01MEDNo Item 19 (Average Revenue/Net Income) disclosed — impossible to assess unit economics or ROI
- 02HIGHGoing Concern status is FALSE — suggests potential financial instability or structural concerns at corporate level
- 03MEDOnly 27 units system-wide — very small franchise network with unclear growth trajectory and limited economies of scale
- 04MINORWide investment range ($380K–$1.23M) with no revenue benchmarks creates opacity on what franchisees actually earn
- 05MINOR5% royalty on gross sales (not net) means fees are owed regardless of profitability in this capital-intensive QSR segment
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
31 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Bandana's Bar-B-Q · FDD (2025) PDF