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 57/100. SBA loan default rate of 0.0% across 41 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 appears to be a specialty retail or food service concept (specific category not provided in available data). Franchisees would operate a single location serving customers, managing daily operations including inventory, staffing, sales, and customer service while paying 6% royalties on gross revenue plus minimum weekly fees.
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 · 23 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
BISHOPS presents meaningful investment risk due to undisclosed profitability, stagnant unit growth, going concern status, and lack of financial transparency to justify the $373k-$544k investment requirement.
Score breakdown · what drove the 57 / 100 rating
- 01MINORNo Net Income disclosure (Item 19) prevents ROI validation despite $542k avg revenue claim
- 02HIGHGoing Concern status is FALSE — suggests potential financial instability or undisclosed operational challenges
- 03MINORUnit count stagnant at 40 with unknown/likely flat growth trajectory indicates market saturation or retention issues
- 04MEDHigh initial investment ($373k-$544k) with $50k franchise fee creates significant capital barrier relative to disclosed profitability metrics
- 05MEDMinimum royalty of $250/week ($13k annually) represents floor obligation even if revenue declines, creating fixed cost burden
- 06MINORSmall franchise system (40 units) limits economies of scale, support infrastructure, and brand recognition compared to established chains
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