Bombshells Restaurant & BarFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Bombshells Restaurant & Bar franchise requires a total initial investment of $2.1M – $5.7M, including a $50K franchise fee and an ongoing 5.5% royalty[2]. Per the 2024 FDD, average unit revenue was $4.6M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $2.1M – $5.7M
- 47th pct Service Resta…
- Avg gross sales
- $4.6M
- 27th pct Service Resta…
- Royalty
- 5.5%
- 24th pct Service Resta…
- Units
- 12
- 23rd 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
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $2.1M – $5.7M including a $50K franchise fee, 5.5% ongoing royalty.
- Average unit revenue of $4.6M/year (median $4.6M).
- Verdict A (Top Quintile) with a risk score of 52/100.
- Auditor disclosed a going-concern note, which 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
- BMB Franchising Services, Inc.
- Parent company
- RCI Hospitality Holdings, Inc.
- Incorporated in
- TX
- HQ
- 10737 Cutten Road, Houston, TX 77066
- Auditor
- Marcum LLP
- Audited financials
- Franchisor revenue
- $167K
- vs $157K 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.
Overview
About
Franchisees operate casual dining restaurants featuring American fare, spirits, and entertainment in a bar/lounge atmosphere. Day-to-day operations include restaurant management, staff scheduling, inventory/food cost control, and customer service across full-service dining and bar operations.
- CEO
- Eric S. Langan
- Headquarters
- TX
- Founded
- 2015
- FDD year
- 2024
- States available
- 1
FDD Item 7 · 2024 filing · 18 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Development Fee | — | — | |
| Initial Franchise Fee | $50K | $50K | |
| Leasehold Improvements | $1.0M | $2.2M | |
| Equipment, Furniture, Fixtures, and Signage | $800K | $1.1M | |
| Liquor License | — | — | |
| Business Licenses and Permits | $3K | $4K | |
| Initial Training Costs | $25K | $50K | |
| Opening Training Team Costs | $60K | $75K | |
| Initial Inventory and Supplies | $45K | $90K | |
| Professional Services | $8K | $18K | |
| Grand Opening Promotion | $15K | $15K | |
| Insurance | $8K | $12K | |
| Market Plan Fee | $500 | $500 | |
| Architect Training Fee | $0 | $5K | |
| Audio/Visual Review Fee | $0 | $1K | |
| Additional Funds - 3 month period | $80K | $150K | |
| Leasehold Improvements (New Construction) | $2.5M | $3.7M | |
| Equipment, Furniture, Fixtures, and Signage (New Construction) | $800K | $1.5M | |
| Total initial investment | $5.4M | $9.0M |
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.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$462K
10.0% margin
Unlevered ROIC
12%
EBITDA / total invested capital
Payback
8.6 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $2.1M – $5.7M
- Near category avg vs category
- Liquid capital req'd
- $80K – $150K
- Near category avg vs category
- Franchise fee
- $50K – $50K
- Better than avg vs category
- Royalty
- 5.5%
- percentage_of_gross · typical 6–8%
- Ad fund
- 2.5%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.5% of gross sales |
| Marketing / ad fund | 2.5% of gross sales |
| Transfer fee | $13K |
| Renewal fee | $25K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $4.6M
- Per unit, per year
- Median gross sales
- $4.6M
- Item 19 type
- Affiliate-owned outlets
- Sample size
- 11 units
- vs category median 13
- Range (low → high)
- $3.3M→$5.6M
- Cohort dispersion (min → max)
- Transparency
- 7 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Bombshells Restaurant & Bar Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 12
- Opened
- 0
- 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
- 12
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 1
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 1
- Franchisor's next-year forecast
- Ceased ops
- 10.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state 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.
1
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
- 361
- 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
Bombshells presents elevated risk due to parent company going concern status, $4M+ litigation history indicating governance failures, undisclosed unit profitability, and stagnant franchisee base of only 12 units.
Litigation (Item 3)
1 case reference(s): 0 pending, 7 settled.
Largest disclosed settlement: $2
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Marcum LLP⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 52 / 100 rating
- 01HIGHGoing concern status indicates parent company financial distress despite $4.6M avg unit revenue
- 02HIGHThree major litigation settlements totaling $4M+ involving shareholder derivative, securities class action, and SEC penalties suggest governance/compliance failures at corporate level
- 03MINOROnly 12 units with unknown growth trajectory raises questions about system viability and franchisee recruitment success
- 04MEDNet income not disclosed in Item 19 prevents ROI validation; with 5.5% royalty on $4.6M revenue = $253K annual fee burden
- 05MEDHigh investment range ($2.1M–$5.6M) combined with undisclosed profitability creates significant return uncertainty
- 06MINORSEC settlement regarding executive compensation and related party transactions suggests potential misuse of franchisor resources
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 | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 3 |
View Item 3 litigation summary
1 case reference(s): 0 pending, 7 settled.
Items 10, 11
Training & Operations
- Classroom training
- 70 hrs
- On-the-job training
- 260 hrs
- Training location
- On-site and corporate
- POS system
- Aloha
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Aloha
Item 20 · call current owners
Franchisee Contacts
2 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Bombshells Restaurant & Bar · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Bombshells Restaurant & Bar franchise?
The total investment to open a Bombshells Restaurant & Bar franchise ranges from $2.1M – $5.7M, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Bombshells Restaurant & Bar franchise owners earn?
According to Item 19 of the Bombshells Restaurant & Bar FDD, the average gross sales per unit is $4.6M. The median is $4.6M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Bombshells Restaurant & Bar's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Bombshells Restaurant & Bar (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 Bombshells Restaurant & Bar franchise locations are there?
As of their most recent FDD filing, Bombshells Restaurant & Bar has 12 total units in the United States, including 0 franchised units and 12 company-owned units.
Is Bombshells Restaurant & Bar a good franchise to buy?
FranchiseVerdict rates Bombshells Restaurant & Bar as a A-grade franchise with a risk score of 52 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.