Bishops
Formerly known as Blue Chip Cookies
Bottom line
- Total investment $373K – $544K including a $50K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $542K/year.
- Rated MODERATE with a risk score of 60/100. SBA loan default rate of 0.0% across 8 loans (below the industry average).
- Emerging franchise — only 3 years of franchising with 40 units. Early-stage systems carry higher risk but may offer better territory availability.
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 BISHOPS unit return on the cash you put in?
Unlevered ROIC · per unit
24%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 BISHOPS units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.6M
on $8.1M purchase
Total debt
$6.5M
SBA $4.1M + senior + seller note
Overview
About
BISHOPS franchisees operate [business type not specified in provided data]. Day-to-day operations likely involve [service/product delivery], customer management, staff oversight, and compliance with 6% royalty obligations plus $250 minimum weekly fees after year one.
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 · 24 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
Small, financially opaque system with going concern red flag and undisclosed net income makes ROI validation impossible; minimum royalty obligations create cash flow risk.
Score breakdown · what drove the 60 / 100 rating
- 01MEDNet income not disclosed in FDD — impossible to assess true profitability despite $542k avg revenue claim
- 02MINOROnly 40 units system-wide with unknown growth trajectory — insufficient scale and unclear expansion momentum
- 03HIGHGoing Concern status is FALSE — suggests potential financial instability or undisclosed operational issues at franchisor level
- 04MINORMinimum $250/week royalty ($13k/year) creates fixed cost floor regardless of performance, problematic for underperforming locations
- 05MINORHigh initial investment ($373k–$544k) paired with opaque profitability creates significant downside risk
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
60 numbers
One-time purchase · CSV download · Validation questions included
FDD download
BISHOPS · FDD (2026) PDF