Bottom line
- Total investment $75K – $100K including a $25K franchise fee.
- Average unit revenue of $116K/year (median $110K).
- Rated MODERATE with a risk score of 56/100. SBA loan default rate of 0.0% across 63 loans (below the industry average).
- System contracting at -25.2% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
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 & Brush Creative Studio unit return on the cash you put in?
Unlevered ROIC · per unit
16%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Board & Brush Creative Studio units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$163K
on $815K purchase
Total debt
$652K
SBA $0.4M + senior + seller note
Overview
About
Franchisees operate paint-and-sip social studios where customers create wood-sign DIY projects in group settings. Day-to-day operations include managing class scheduling, instructing patrons, managing materials/inventory, handling walk-in traffic and event bookings, and maintaining the studio facility. Revenue derives from per-person class fees, private event bookings, and retail product sales.
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 · 21 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 & Brush shows contraction risk with declining unit growth, undisclosed profitability metrics, and high minimum royalty burdens that may compress already-thin margins on modest average revenues.
Score breakdown · what drove the 56 / 100 rating
- 01MEDUnit count declined 14.6% YoY (194 units), signaling potential system contraction or franchisee exits
- 02MEDNet income not disclosed in Item 19 — unable to validate profitability claims against $75K-$100K investment
- 03MINORHigh royalty floor of $400/month minimum creates cash flow pressure; requires ~$80K monthly revenue just to break even on royalties alone
- 04MINORAverage revenue of $116K is modest relative to investment size — payback period potentially 8-12 months before operating expenses
- 05MED5-year term is relatively short; limited runway to recoup investment and scale
- 06HIGHNo going concern statement suggests franchisor stability concerns or recent financial restructuring
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
97 numbers
One-time purchase · CSV download · Validation questions included