Barry BagelsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Barry Bagels franchise requires a total initial investment of $105K – $514K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $756K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $105K – $514K
- 10th pct Service Resta…
- Avg gross sales
- $756K
- 23rd pct Service Resta…
- Royalty
- 6.0%
- 44th pct Service Resta…
- Units
- 16
- 43rd pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-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
Bottom line
- Total investment $105K – $514K including a $35K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $756K/year (median $717K).
- Verdict A (Top Quintile) with a risk score of 30/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- JMB Franchising, LLC
- Parent company
- JMB Restaurant Holdings, LLC
- Incorporated in
- OH
- HQ
- 5965 Renaissance Place, Toledo, Ohio 43623
- Auditor
- GBQ Partners LLC
- Audited financials
- Franchisor revenue
- $335K
- vs $371K prior year
Affiliated brands
- JMB Productions
- JMB Restaurant Operations
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Barry Bagels franchisees operate quick-service bagel shops focused on bagel production, sandwich assembly, and beverage service. Day-to-day operations include dough preparation, boiling and baking bagels, staffing customer-facing counters, managing inventory, and handling cash/POS systems in a high-volume, labor-intensive environment.
- CEO
- James Nusbaum
- Headquarters
- OH
- Founded
- 2013
- FDD year
- 2025
- States available
- 3
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $10K | $25K |
| Equipment, build-out, other | $60K | $454K |
| Total initial investment | $105K | $514K |
Source: Barry Bagels 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
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
$106K
14.0% margin
Unlevered ROIC
32%
EBITDA / total invested capital
Payback
3.1 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $105K – $514K
- Better than avg vs category
- Liquid capital req'd
- $10K – $25K
- Better than avg vs category
- Franchise fee
- $30K – $35K
- Near category avg vs category
- Royalty
- 6.0%
- percentage · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Transfer fee | $5K |
| Renewal fee | $5K |
| Inventory (initial) | $5K – $16K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $756K
- Per unit, per year
- Median gross sales
- $717K
- Item 19 type
- gross_sales
- Sample size
- 5 units
- vs category median 28 · small
- Range (low → high)
- $398K→$1.3M
- Cohort dispersion (min → max)
- Transparency tier
- revenue_only
- Categorical assessment of disclosure depth
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How Barry Bagels Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 16
- Opened
- 2
- Last reporting year
- Closed
- 1
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 1
- Term expired, not renewed (per Item 20)
- Turnover rate
- 6.3%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 88%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- +0.0%
- Compounded over last 3 years
3-year detail · Item 20
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Continuity rate
- 81.8%
- Units that stayed open
- Termination rate
- 13.3%
- Franchisor-initiated terminations
- Ceased ops
- 6.7%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 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.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 7 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 7
- Loan volume
- $2.3M
- Median loan
- $299K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 4
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Barry Bagels's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 4 lenders with concentration factor
- Per-state charge-off rates across 3 states
- Startup risk premium and job creation velocity
- 4-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Barry Bagels presents moderate-to-high risk due to lack of financial transparency, minimal system size, and unverified profitability claims despite reasonable revenue averages.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $97,500
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · GBQ Partners LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 30 / 100 rating
- 01MEDNet income not disclosed in Item 19 — cannot verify profitability claims or ROI
- 02MINOROnly 16 units with unknown growth trajectory — extremely small system raises scalability and support concerns
- 03MINORWide investment range ($105K–$514K) suggests inconsistent unit economics or hidden costs
- 04HIGHGoing Concern = False — unclear if this indicates financial distress or simply missing data
- 05HIGHNo litigation disclosed but small unit count limits statistical significance of safety claim
- 06MINOR6% royalty on $755K average revenue = $45.3K annually — need to confirm net income supports this
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 | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Ohio |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 64 hrs
- Training location
- On-site and corporate
- Site selection
- franchisor
- Franchisor financing
- Offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
20 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Barry Bagels · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Barry Bagels franchise?
The total investment to open a Barry Bagels franchise ranges from $105K – $514K, 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 Barry Bagels franchise owners earn?
According to Item 19 of the Barry Bagels FDD, the average gross sales per unit is $756K. The median is $717K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Barry Bagels's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Barry Bagels (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 Barry Bagels franchise locations are there?
As of their most recent FDD filing, Barry Bagels has 16 total units in the United States, including 9 franchised units and 2 company-owned units. 2 new units were opened in the latest reporting year.
Is Barry Bagels a good franchise to buy?
FranchiseVerdict rates Barry Bagels as a A-grade franchise with a risk score of 30 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.