Board & BrewFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Board & Brew franchise requires a total initial investment of $697K – $1.1M, including a $35K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $697K – $1.1M
- 39th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 31
- 32nd pct Service Resta…
- SBA default
- N/A
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
Franchised units fell from 25 to 6 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $697K – $1.1M including a $35K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict B (Above Average) with a risk score of 58/100.
- System growing at 31.6% CAGR over 3 years with 31 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- BBRG, LLC
- Ultimate parent
- JJ&N Enterprises, Inc.
- CEO title
- President and Manager
- Tom Powers
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- CA
- HQ
- 1212 Camino Del Mar, Del Mar, California 92014
- Auditor
- Schild & Co., Inc.
- Audited financials
- Franchisor revenue
- $2.1M
- vs $2.5M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Board & Brew franchisees operate casual dining establishments that combine food/beverage service with board games and entertainment. Day-to-day operations include managing food preparation, customer service, inventory, event hosting, and maintaining a fun social atmosphere for game-playing patrons.
- CEO
- Tom Powers
- Headquarters
- CA
- Founded
- 2012
- FDD year
- 2025
- States available
- 2
FDD Item 7 · 2025 filing · 14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| Travel/Living Expenses for Initial Training | $4K | $15K | |
| Architectural drawings and layouts | $20K | $25K | |
| Lease for Outlet premises | $30K | $36K | |
| Construction and leasehold Improvements (net of landlord contribution) | $250K | $600K | |
| Equipment, furniture and fixtures | $270K | $276K | |
| Point of Sale system | $22K | $34K | |
| Initial Inventory and Supplies | $25K | $25K | |
| Interior/Exterior Signs and Graphics | $15K | $24K | |
| Initial Advertising (including Grand Opening Expenses) | $3K | $3K | |
| Business Licenses and Permits | $3K | $3K | |
| Professional fees (legal and accounting) | $2K | $7K | |
| Business Insurance (including workers' compensation) | $3K | $3K | |
| Additional funds for first 3 months | $45K | $45K | |
| Total initial investment | $727K | $1.1M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $697K – $1.1M
- Better than avg vs category
- Liquid capital req'd
- $45K – $45K
- Better than avg vs category
- Franchise fee
- $35K – $35K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $250 |
| Transfer fee | $10K |
| Renewal fee | $2K |
| Total fee load | 6.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How Board & Brew Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 31
- Opened
- 2
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 81%
- vs corporate-owned
- Multi-unit owners
- 9.1%
- Net growth (yr3)
- +8.7%
- Net unit change last year
- 3-yr CAGR
- +31.6%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 1
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 2 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
2
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 14
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Board & Brew presents meaningful investment risk due to absent financial disclosure (Item 19), modest unit growth, prior regulatory violation, and high capital requirements relative to unproven unit economics.
Litigation (Item 3)
Affiliate JJ&N filed Notice of Violation with California Department of Corporations on April 30, 2012 against one California-based JJ&N licensee for violating Section 31110 of the California Franchise Investment Law by offering and selling an unregistered Board and Brew franchise. No refund requested by licensee.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Schild & Co., Inc.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 58 / 100 rating
- 01MEDNo Item 19 (Average Unit Volume) disclosed—cannot assess profitability or ROI; critical for $697k-$1.1M investment
- 02MEDSlow unit growth of only 8.7% YoY with just 31 units suggests limited brand momentum and market traction
- 03MINOR2012 California franchise registration violation by affiliate JJ&N indicates compliance/governance issues within franchise organization
- 04MINORHigh initial investment ($697k-$1.1M) paired with 5% royalty creates significant fixed cost burden without transparent revenue benchmarks
- 05HIGHNo 'Going Concern' flag is positive, but combined with opaque financials increases execution risk for franchisees
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 | 10 years |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 0.5 mi |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | San Diego County, California |
| Governing law | California |
| Litigation count | 1 |
View Item 3 litigation summary
Affiliate JJ&N filed Notice of Violation with California Department of Corporations on April 30, 2012 against one California-based JJ&N licensee for violating Section 31110 of the California Franchise Investment Law by offering and selling an unregistered Board and Brew franchise. No refund requested by licensee.
Items 10, 11
Training & Operations
- Classroom training
- 24 hrs
- On-the-job training
- 120 hrs
- Training location
- On-site and off-site
- Ongoing training
- Required
- Time to open
- 12 mo
- From signing to launch
- POS system
- Focus POS system
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Focus POS system
Item 20 · call current owners
Franchisee Contacts
23 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Board & Brew · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Board & Brew franchise?
The total investment to open a Board & Brew franchise ranges from $697K – $1.1M, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Board & Brew franchise owners earn?
Board & Brew does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Board & Brew's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Board & Brew (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Board & Brew franchise locations are there?
As of their most recent FDD filing, Board & Brew has 31 total units in the United States, including 25 franchised units and 6 company-owned units. 2 new units were opened in the latest reporting year.
Is Board & Brew a good franchise to buy?
FranchiseVerdict rates Board & Brew as a B-grade franchise with a risk score of 58 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.