Bango BowlsFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Bango Bowls franchise requires a total initial investment of $177K – $615K, including a $40K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $789K[2]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $177K – $615K
- 8th pct Service Resta…
- Avg gross sales
- $789K
- 6th pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 7
- 17th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $177K – $615K including a $40K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $789K/year (median $744K).
- Verdict B (Above Average) with a risk score of 58/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Bango Franchisor LLC
- CEO title
- Chief Executive Officer
- Ryan Thorman
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- NY
- HQ
- 114 W. Main Street, Patchogue, New York 11772
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $875
- vs $43K prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
Bango Bowls franchisees operate quick-service restaurants specializing in customizable bowl meals (likely açai, poke, grain, or smoothie bowls). Day-to-day operations include managing food preparation, inventory, point-of-sale systems, staffing, and customer service in a limited-service format designed for high throughput and repeat customers.
- CEO
- Ryan Thorman
- Headquarters
- NY
- Founded
- 2023
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $36K | $40K | |
| Lease Deposit | $4K | $13K | |
| Initial Marketing Spendnot refundable | $10K | $10K | |
| Leasehold Improvements | $50K | $350K | |
| Signagenot refundable | $3K | $18K | |
| Computer Equipmentnot refundable | $499 | $2K | |
| Point-of-Sale Equipmentnot refundable | $3K | $4K | |
| Other Equipment and Suppliesnot refundable | $30K | $70K | |
| Digital Menu Boardsnot refundable | $3K | $6K | |
| Operating Inventorynot refundable | $8K | $16K | |
| Licenses and Professional Services | $8K | $25K | |
| Insurancenot refundable | $3K | $7K | |
| Expenses Associated with Initial Training | $1K | $5K | |
| Additional Funds - 3 Monthsnot refundable | $20K | $50K | |
| Total initial investment | $177K | $615K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$87K
11.0% margin
Unlevered ROIC
20%
EBITDA / total invested capital
Payback
5.0 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $177K – $615K
- Better than avg vs category
- Liquid capital req'd
- $20K – $50K
- Better than avg vs category
- Franchise fee
- $36K – $40K
- Better than avg vs category
- Royalty
- 6.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $150 |
| Training fee | $400 |
| Transfer fee | $2K |
| Renewal fee | $5K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $789K
- Per unit, per year
- Median gross sales
- $744K
- Item 19 type
- gross_sales
- Sample size
- 5 units
- vs category median 13 · small
- Range (low → high)
- $424K→$1.2M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Bango Bowls Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 7
- Opened
- 1
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 14.3%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 14%
- vs corporate-owned
- Multi-unit owners
- 15.0%
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 5
- Franchisor's next-year forecast
- Ceased ops
- 14.3%
- Units that stopped operating
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.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Bango Bowls is an early-stage, micro-brand with opaque profitability metrics and insufficient unit density to validate the franchise model's viability.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 58 / 100 rating
- 01MINOROnly 7 units in system with unknown growth trajectory — insufficient scale and unclear expansion momentum
- 02MEDNet income not disclosed in FDD — inability to verify profitability claims or validate the $788,784 average revenue translates to actual owner earnings
- 03MINORWide investment range ($177K–$614K) suggests inconsistent unit economics or undefined build-out standards
- 04MED6% royalty on gross sales (not net) combined with undisclosed net income creates uncertainty about actual franchisee take-home
- 05MEDMicro-brand status with minimal track record — only 7 units provides limited data for franchisee success pattern validation
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 2 mi |
| Territory population | 75,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Governing law | New York |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 19 hrs
- On-the-job training
- 21 hrs
- Training location
- At our existing location in Bay Shore, New York or other location we may designate (which may include remote instruction and/or your Franchised Business)
- Field support
- 9 hrs/yr
- On-site visits per year
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
5 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Bango Bowls · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Bango Bowls franchise?
The total investment to open a Bango Bowls franchise ranges from $177K – $615K, 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 Bango Bowls franchise owners earn?
According to Item 19 of the Bango Bowls FDD, the average gross sales per unit is $789K. The median is $744K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Bango Bowls's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Bango Bowls (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 Bango Bowls franchise locations are there?
As of their most recent FDD filing, Bango Bowls has 7 total units in the United States, including 0 franchised units and 6 company-owned units. 1 new units were opened in the latest reporting year.
Is Bango Bowls a good franchise to buy?
FranchiseVerdict rates Bango Bowls as a B-grade franchise with a risk score of 58 out of 100, 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.
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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.