FranchiseVerdict
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FV-00331·CAUTIONExcellent86

Blue Eagle Investigations

OtherFranchising since 2018Website
Investment
$57K – $166K
17th pct Other
Avg revenue
50th pct Other
Royalty
20.0%
63rd pct Other
Units
17
45th pct Other
SBA default

Bottom line

  • Total investment $57K – $166K including a $100K franchise fee, 20.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 72/100.
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Blue Eagle Franchising, LLC
Parent company
Blue Eagle Investigations, Inc.
Incorporated in
Kansas
HQ
6709 W 119th St., #125, Overland Park, KS 66209
Auditor
Agler & Gaeddert, Chartered
Audited financials
Franchisor revenue
$65K
vs $131K prior year
⚠ Going-concern note
Disclosed in FDD 2024
Status as of 2024; may have been resolved in a later filing we don't yet have.

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 Blue Eagle Investigations unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $57K–$166K
Working capital
$
FDD reports $3K–$10K

Unlevered ROIC · per unit

6%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$8K
EBITDA margin
1.0%
Total invested
$118K
Payback
188 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Blue Eagle Investigations is a private investigation and security services franchise. Franchisees typically conduct investigations (background checks, surveillance, fraud investigation, corporate intelligence) and provide security consultation services to corporate and individual clients. Operations are office-based with field work for surveillance and undercover assignments.

CEO
Stu Macfarlane
Founded
2018
FDD year
2024
States available
17

Item 7 · what it costs

The Vitals

Total investment
$57K – $166K
All-in to open one unit
Liquid capital
$3K – $10K
Cash you must have on hand
Franchise fee
$100K
Royalty
20.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
22.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
17
Opened
0
Last reporting year
Closed
3
Turnover rate
17.6%
Company-owned
1
Corporate units in the system
% franchised
94%
vs corporate-owned
Multi-unit owners
1.0%
Net growth (yr3)
-15.8%
Net unit change last year
3-yr CAGR
+33.3%
Compounded over last 3 years
2022
16-3
Franchised units
2023
19
Franchised units
2024
12
Franchised units

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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 23 states
Not registered

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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

72
Risk · 0-100
CAUTION72 / 100

Rapidly shrinking franchise network, active franchisor-franchisee litigation, undisclosed financials, and going concern issues create a high-risk investment with minimal transparency and declining unit viability.

Score breakdown · what drove the 72 / 100 rating

  1. 01MEDFranchise system contracting sharply (-15.8% unit decline YoY) signals widespread franchisee dissatisfaction or failure
  2. 02HIGHActive litigation by franchisor against franchisee indicates enforcement disputes and potential relationship breakdown
  3. 03MED20% royalty on gross sales is extremely high for a service business with undisclosed profitability metrics
  4. 04MINORNo Item 19 financial performance disclosure despite $100k franchise fee—impossible to assess realistic ROI
  5. 05MINORHigh initial investment ($56.8k–$165.5k) paired with unknown revenue/net income creates blind investment scenario
  6. 06HIGHGoing concern status suggests franchisor financial instability despite collecting $100k upfront fees and 20% royalties

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Geographic area (generally an entire state)
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Kansas

Item 11

Training & Operations

Classroom training
16 hrs
On-the-job training
0 hrs

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

28 numbers

Locked
(913) 685-••••
Blue Eagle Franchising, LLC is located at
KS
(515) 287-••••
IA
(651) 539-••••
MN

One-time purchase · CSV download · Validation questions included

FDD download

Blue Eagle Investigations · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above