Beef 'O' Brady'sFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Beef 'O' Brady's franchise requires a total initial investment of $813K – $1.5M, including a $25K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $1.7M[2]. SBA 7(a) loans show a 54.0% charge-off rate across 135 loans[1]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $813K – $1.5M
- 41st pct Service Resta…
- Avg gross sales
- $1.7M
- 18th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 125
- 43rd pct Service Resta…
- SBA default
- 54.0%
- system-wide median varies by category
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
54.0% of SBA loans charged off across 135 loans, above the 16% franchise average.
Bottom line
- Total investment $813K – $1.5M including a $25K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $1.7M/year (median $1.6M).
- Verdict F (Bottom Quintile) with a risk score of 92/100. SBA loan charge-off rate of 54.0% across 135 loans (well above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- FSC Franchise Co., LLC
- Parent company
- CapitalSpring
- Incorporated in
- DE
- HQ
- 5660 W. Cypress Street, Suite A, Tampa, Florida 33607
- Auditor
- Forvis Mazars, LLP
- Audited financials
- Franchisor revenue
- $59.4M
- vs $59.7M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
Franchisees operate casual dining restaurants serving beef-focused entrees, appetizers, and beverages in a full-service or limited-service format. Day-to-day responsibilities include staff scheduling/training, food cost management, local marketing, customer service oversight, and P&L monitoring across typically 3,000-4,500 sq ft locations.
- CEO
- Chris Elliott
- Headquarters
- FL
- Founded
- 2007
- FDD year
- 2025
- States available
- 14
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $25K | $25K |
| Working capital (3–6 mo) | $20K | $35K |
| Equipment, build-out, other | $768K | $1.4M |
| Total initial investment | $813K | $1.5M |
Source: Beef 'O' Brady's 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
$179K
10.5% margin
Unlevered ROIC
15%
EBITDA / total invested capital
Payback
6.5 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $813K – $1.5M
- Near category avg vs category
- Liquid capital req'd
- $20K – $35K
- Better than avg vs category
- Franchise fee
- $25K – $25K
- Better than avg vs category
- Royalty
- 5.0%
- Adjusted Gross Sales · typical 6–8%
- Ad fund
- 2.5%
- typical 3–5%
- Total fee load
- 7.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 2.5% of gross sales |
| Technology fee | $250 |
| Training fee | $1K |
| Transfer fee | $20K |
| Renewal fee | $20K |
| Total fee load | 7.5% of rev |
Financial Performance
- Avg gross sales
- $1.7M
- Per unit, per year
- Median gross sales
- $1.6M
- Item 19 type
- gross_sales
- Sample size
- 97 units
- vs category median 13 · large
- Range (low → high)
- $721K→$3.9M
- Cohort dispersion (min → max)
- Transparency tier
- none
- Categorical assessment of disclosure depth
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 7 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Beef 'O' Brady's Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 125
- Opened
- 5
- Last reporting year
- Closed
- 9
- Turnover rate
- 7.2%
- Company-owned
- 26
- Corporate units in the system
- % franchised
- 79%
- vs corporate-owned
- Net growth (yr3)
- -2.9%
- Net unit change last year
- 3-yr CAGR
- -8.3%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 5
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 13 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 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 135
- Loan volume
- $54.2M
- Median loan
- $341K
- 50th percentile
- Charge-off rate
- 54.0%
- 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)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 46
- Defaults
- 61
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Beef 'O' Brady's's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 5 states
- Startup risk premium and job creation velocity
- 5-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
A 54.0% charge-off rate means roughly 1 in 2 franchisees failed to repay their SBA loan. Investigate what changed.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Beef 'O' Brady's presents CAUTION-level risk: a contracting 125-unit system with significant capital requirements, non-disclosed profitability metrics, and declining growth trajectory that warrant deep due diligence before committing $812K+.
Litigation (Item 3)
0 case reference(s): 3 pending, 0 settled.
Bankruptcy (Item 4)
Disclosed in last 7 years
Bankruptcy Code or any foreign bankruptcy code; (b) obtained a discharge of our, its, his, or her debts under the U.S. Bankruptcy Code or any foreign bankruptcy code; or (c) was a principal officer of a company or a general partner in a partnership that either filed as a debtor (or had filed against
Audited financials (Item 21)
Yes · Forvis Mazars, LLP
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 92 / 100 rating
- 01MINORUnit count declining 2.9% YoY (125 units) signals system contraction and potential market saturation
- 02MEDNet income not disclosed in Item 19 — cannot validate actual profitability or ROI against $812K-$1.46M investment
- 03MEDHigh initial investment ($812K-$1.46M) paired with undisclosed earnings creates opacity on payback period
- 04MINORAverage revenue of $1.7M appears modest relative to QSR standards; unclear if sufficient to cover labor, COGS, occupancy, and 5% royalties
- 05HIGHNo litigation disclosed is positive, but declining unit trajectory and missing financial data suggest franchisor may not disclose full picture
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 |
| 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 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 3 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 80 hrs
- On-the-job training
- 286 hrs
- Training location
- On-site and corporate
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
86 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Beef 'O' Brady's · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Beef 'O' Brady's franchise?
The total investment to open a Beef 'O' Brady's franchise ranges from $813K – $1.5M, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Beef 'O' Brady's franchise owners earn?
According to Item 19 of the Beef 'O' Brady's FDD, the average gross sales per unit is $1.7M. The median is $1.6M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Beef 'O' Brady's's franchise failure rate?
Based on SBA 7(a) loan data, Beef 'O' Brady's has a charge-off rate of 54.0% across 135 loans, meaning 54.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Beef 'O' Brady's franchise locations are there?
As of their most recent FDD filing, Beef 'O' Brady's has 125 total units in the United States, including 99 franchised units and 26 company-owned units. 5 new units were opened in the latest reporting year.
Is Beef 'O' Brady's a good franchise to buy?
FranchiseVerdict rates Beef 'O' Brady's as a F-grade franchise with a risk score of 92 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.