Boarders Inn & Suites by Cobblestone
Formerly known as Cobblestone Hotels
Bottom line
- Total investment $100K – $16.9M including a $45K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 1 loans (below the industry average).
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 Boarders Inn & Suites by Cobblestone unit return on the cash you put in?
Unlevered ROIC · per unit
1%
Below typical band (30–60%)
Overview
About
Franchisees operate mid-scale hotel properties under the Boarders Inn & Suites brand, managing guest check-in/check-out, housekeeping coordination, maintenance, and revenue management. Day-to-day operations include front desk staffing, occupancy optimization, and brand standard compliance while remitting royalties based on room revenue generated.
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 · 16 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
Shrinking franchise system with undisclosed unit economics, vague financial transparency, and structural royalty ambiguities present meaningful investment risk.
Score breakdown · what drove the 64 / 100 rating
- 01MINORSystem declining 6.2% YoY with only 15 units suggests weak growth trajectory and potential systemic issues
- 02MINORNo Item 19 financial disclosure (Avg Revenue/Net Income) prevents accurate ROI assessment and suggests franchisor may lack positive unit economics to share
- 03MINORExtremely wide investment range ($99,999–$16.9M) indicates inconsistent unit performance or unclear capital requirements
- 04MINORDual royalty structure ($2.25/room/day OR 5% of GRR) creates ambiguity and potential for franchisor revenue optimization at franchisee expense
- 05MINORModest $45,000 franchise fee relative to $99,999+ startup costs suggests thin margins or high pre-opening capital needs
- 06HIGHGoing Concern = False is ambiguous; clarify if franchisor has financial stability concerns or is merely not flagged by auditors
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
19 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Boarders Inn & Suites by Cobblestone · FDD (2025) PDF