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.
- Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 14 loans (below the industry average).
- 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
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 Board & Brew unit return on the cash you put in?
Unlevered ROIC · per unit
13%
Below typical band (30–60%)
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.
Item 7 · what it costs
The Vitals
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
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 6 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
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.
Score breakdown · what drove the 51 / 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
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
28 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Board & Brew · FDD (2025) PDF