Barry Bagels
Formerly known as JMB Group
Bottom line
- Total investment $105K – $514K including a $35K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $756K/year (median $717K).
- Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 13 loans (below the industry average).
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 Barry Bagels unit return on the cash you put in?
Unlevered ROIC · per unit
32%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Barry Bagels units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.1M
on $5.3M purchase
Total debt
$4.2M
SBA $2.6M + senior + seller note
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.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
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 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.
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.
Score breakdown · what drove the 52 / 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
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
20 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Barry Bagels · FDD (2025) PDF