Barberitos Franchise Cost, Revenue & Review 2026
- Investment
- $506K – $720K
- Disclosed sales
- $1.1M
- gross sales, not profit
- SBA charge-off
- Under 10 loans (5)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Barberitos is a fast-casual franchise serving made-to-order Southwestern burritos, tacos, bowls, and quesadillas with fresh ingredients. Franchisees run the restaurants, managing food prep, staffing, and counter service.
FranchiseVerdict summary · 2026
A BARBERITOS franchise requires a total initial investment of $506K – $720K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $1.1M[2]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored5 of 7 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $506K – $720K
- 76th pct Service Resta…
- Avg gross sales
- $1.1M
- Net sales22nd pct Service Resta…
- Royalty
- 6.0%
- 48th pct Service Resta…
- Units
- 43
- 63rd 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 median · 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 $506K – $720K including a $35K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage unit revenue of $1.1M/year.
- RISKVerdict B (Above average), verdict score 69/100 (higher is better).
- GROWTHPositive: net +1 franchised outlets in the latest year (4 opened, 3 closed); 11 signed but not yet open (Item 20).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Barberitos Franchising Co., LLC
- Parent company
- Barberitos, LLC
- FDD Item 1, page 8 of the 2026 FDD
- Ultimate parent
- Restaurant Co., LLC dba WOWorks
- FDD Item 1, page 8 of the 2026 FDD
- Predecessor
- Barberitos Franchising, Inc.
- Prior franchisor entity
- CEO title
- Chief Executive Officer and President
- Bryan Kelly Roddy
- Incorporated in
- DE
- HQ
- 3135 1st Avenue N., Suite 15459, St. Petersburg, FL 33733
- Auditor
- Hill, Barth & King LLC
- Audited financials
- Franchisor revenue
- $14.9M
- vs $32.1M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- and has not offered franchises in any line of business
- and is the franchisor of the Saladworks franchise system
- and is the franchisor of the Frutta Bowls franchise system
- and is the franchisor of the Garbanzo Mediterranean Fresh franchise system
- operate any System outlets
Other brands the franchisor or its parent operates (Item 1).
Same owner · FDD Item 1, page 8
3 other brands on this site name Restaurant Co., LLC dba WOWorks as parent or ultimate parent in their own FDD.
Grouped by the owner's name as each filing prints it (this page: the 2026 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
- CEO
- Bryan Kelly Roddy
- Headquarters
- FL
- Founded
- 2022
- FDD year
- 2026
- States available
- 7
Can you afford it, and what does the money buy?
Entry cost runs 26% above the typical quick-service restaurants franchise.
Source: FDD 2026 · Items 5–7
Full Item 7 breakdown19 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| Architectural Plan Reviewnot refundable | $0 | $2K | |
| Architect Feesnot refundable | $16K | $16K | |
| Permits & License Feenot refundable | $2K | $5K | |
| Leasehold Improvementsnot refundable | $165K | $278K | |
| Equipmentnot refundable | $137K | $150K | |
| Furniturenot refundable | $20K | $30K | |
| Millworknot refundable | $31K | $45K | |
| Smallwaresnot refundable | $15K | $17K | |
| Exterior Signagenot refundable | $8K | $17K | |
| Interior Signage and Graphicsnot refundable | $4K | $9K | |
| Technology Systemsnot refundable | $25K | $32K | |
| Technology Deposit Feenot refundable | $5K | $5K | |
| Grand Opening Marketingnot refundable | $15K | $15K | |
| Uniforms, Menu Materials, Office Suppliesnot refundable | $4K | $5K | |
| Travel & Living Expenses While Trainingnot refundable | $1K | $8K | |
| Opening Inventorynot refundable | $9K | $15K | |
| Insurancenot refundable | $2K | $4K | |
| Additional Funds - 3 monthsnot refundable | $15K | $35K | |
| Total initial investment | $506K | $720K |
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $506K – $720K
- Bottom third — review vs category
- Liquid capital req'd
- $15K – $35K
- Top 40% of category vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 3.0% of net sales |
| Technology fee | $605 |
| Transfer fee | $13K |
| Renewal fee | $5K |
| Inventory (initial) | $9K – $15K |
| Total fee load | 9.0% of rev |
What do units actually make?
Average unit sales run 17% above the quick-service restaurants norm.
Reported as net sales, not gross sales
Source: FDD 2026 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for BARBERITOS until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$638K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one BARBERITOS unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
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: 2026 FDD
Financial Performance
Reported as net sales, not gross sales
- Avg gross sales
- $1.1M
- Per unit, per year
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- net sales
- Sample size
- 38 outlets
- vs category median 19
- Range (low → high)
- $480K→$3.0MNot cited — published from our reading of the franchisor's disclosure document; the page it is printed on has not been located.
- Cohort dispersion (min → max)
- Quartile band
- $581K→$1.9M
- Bottom 25% → top 25%
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 3 / 10
- vs category median 4 / 10 · below
Compared against 781 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $1.1M/year in gross sales. Revenue-to-investment ratio: 1.9x.
Fee burden
Total ongoing fee load of 9.0% — above the Quick-Service Restaurants median of 7.5%.
Disclosure
Transparency score 3/10 — moderate disclosure depth. Average and range data are available but detailed cohort breakdowns may be limited.
Operator retention
System roughly stable (+2.4% 3-year CAGR) with 43 units.
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 medians
How Barberitos Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 43
- Opened
- 4
- Last reporting year
- Closed
- 3
- Terminated
- 2
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 1
- Term expired, not renewed (per Item 20)
- Turnover rate
- 7.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +2.4%
- Net unit change over 3 years
- 3-yr CAGR
- +2.4%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 2
- Not renewed
- 1
- Signed, not yet open
- 11
- 0.26 per open outlet · Item 20 Table 5
- Projected new
- 4
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 7 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Where the owners are · Item 20 owner list
52 current owners across 7 states.
- GA 16
- VA 13
- AL 6
- NC 6
- SC 4
- TN 4
- FL 3
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 5 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 5
- Loan volume
- $1.6M
- Median loan
- $390K
- 50th percentile
- Charge-off rate
- Under 10 loans (5)
- Insufficient SBA coverage: 5 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (5)
- 5-yr charge-off
- Under 10 loans (5)
- Loans approved 2021+
- Active lenders
- 4
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
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
Small, stagnant QSR franchise with undisclosed profitability metrics and high capital requirements relative to system size and growth trajectory.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Hill, Barth & King LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Combined statement of WOWorks Franchising, LLC and Affiliates (parent/guarantor WW Franchising) for the period from September 27, 2024 (date operations began) to September 28, 2025; first reporting period so no prior-year comparative. Total Revenue 14,871,508 = Franchise and royalty 9,026,970 + Support and marketing fees 5,844,538.
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 69 / 100 verdict
- 01MINORNo Item 19 (Net Income) disclosure – cannot validate profitability claims against $505.5K-$720K investment
- 02MINORStagnant unit growth (2.4% YoY) with only 43 locations suggests market saturation or franchisee struggles
- 03MINORNo going concern statement despite small system size – suggests potential financial instability
- 04MINORRoyalty structure (6% of Net Sales) on average $1.14M revenue extracts ~$68.4K annually plus ongoing operational costs
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · 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 | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | 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 | 15 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 9 |
| Mandatory arbitration | No |
| Arbitration location | Montgomery County, Pennsylvania |
| Jury trial waiver | No |
| Governing law | PA |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 15 hrs
- On-the-job training
- 80 hrs
- Training location
- Athens, GA (designated training facility) and franchisee's restaurant
- Ongoing training
- Required
- Time to open
- 12 mo
- From signing to launch
- Site selection
- franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Included in Technology Bundle
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Included in Technology Bundle
Item 20 · call current owners
Franchisee Contacts
52 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a BARBERITOS franchise?
The total investment to open a BARBERITOS franchise ranges from $506K – $720K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do BARBERITOS franchise owners earn?
According to Item 19 of the BARBERITOS FDD, the average gross sales per unit is $1.1M. Important context: Reported as net sales, not gross sales. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns BARBERITOS?
BARBERITOS is franchised by Barberitos Franchising Co., LLC. Its parent company is Barberitos, LLC. The ultimate parent named in the FDD is Restaurant Co., LLC dba WOWorks. Source: FDD Item 1, 2026 filing.
What is Item 19 in the BARBERITOS 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 BARBERITOS FDD and qualifies whose outlets they describe.
What is BARBERITOS's franchise failure rate?
SBA 7(a) loan charge-off data is not available for BARBERITOS (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 BARBERITOS franchise locations are there?
As of their most recent FDD filing, BARBERITOS has 43 total units in the United States, including 43 franchised units and 0 company-owned units. 4 new units were opened in the latest reporting year.
Is BARBERITOS a good franchise to buy?
FranchiseVerdict rates BARBERITOS as a B-grade franchise with a verdict score of 69 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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?
If you represent BARBERITOS, you can request corrections or provide updated information.
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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.