Bubbakoo’s BurritosFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Bubbakoo’s Burritos franchise requires a total initial investment of $356K – $757K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $903K[2]. SBA 7(a) loans show a 0.0% charge-off rate across 20 loans[1]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $356K – $757K
- 24th pct Service Resta…
- Avg gross sales
- $903K
- 8th pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 130
- 43rd pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
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
Only 0.0% of 20 SBA loans charged off, well below the 16% franchise average.
Franchised units fell from 118 to 86 over 3 years. Investigate why operators are leaving.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $356K – $757K including a $35K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $903K/year (median $825K).
- Verdict A (Top Quintile) with a risk score of 18/100. SBA loan charge-off rate of 0.0% across 20 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- 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
- Bubbakoo’s Franchise Systems, LLC
- Parent company
- Thompson Street Capital Partners
- Ultimate parent
- Thompson Street Capital Partners (TSCP)
- CEO title
- Chief Executive Officer
- Christopher Ives
- Incorporated in
- DE
- HQ
- 1670 Route 34 North, Suite 1C, Wall, New Jersey 07727
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $4.8M
- vs $6.7M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- has same pr
- has the same pr
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Bubbakoo's Burritos franchisees operate fast-casual Mexican restaurants serving customizable burritos, bowls, and related items. Day-to-day operations include managing kitchen staff, food prep/quality control, point-of-sale transactions, inventory management, and local marketing to drive foot traffic in their protected territory.
- CEO
- Christopher Ives
- Headquarters
- NJ
- Founded
- 2014
- FDD year
- 2025
- States available
- 14
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $15K | $30K |
| Equipment, build-out, other | $306K | $692K |
| Total initial investment | $356K | $757K |
Source: Bubbakoo’s Burritos 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
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
$90K
10.0% margin
Unlevered ROIC
16%
EBITDA / total invested capital
Payback
6.4 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $356K – $757K
- Better than avg vs category
- Liquid capital req'd
- $15K – $30K
- Better than avg vs category
- Franchise fee
- $28K – $35K
- Better than avg vs category
- Royalty
- 6.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $400 |
| Training fee | $250 |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Inventory (initial) | $6K – $12K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $903K
- Per unit, per year
- Median gross sales
- $825K
- Item 19 type
- gross_sales
- Sample size
- 103 units
- vs category median 13 · large
- Range (low → high)
- $468K→$2.0M
- Cohort dispersion (min → max)
- Transparency tier
- revenue_only
- Categorical assessment of disclosure depth
- Transparency
- 7 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Bubbakoo’s Burritos Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 130
- Opened
- 23
- Last reporting year
- Closed
- 7
- Terminated
- 6
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 5.4%
- Company-owned
- 12
- Corporate units in the system
- % franchised
- 91%
- vs corporate-owned
- Multi-unit owners
- 63.2%
- Net growth (yr3)
- +15.7%
- Net unit change last year
- 3-yr CAGR
- +37.2%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 6
- Projected new
- 20
- Franchisor's next-year forecast
- Transfer rate
- 4.6%
- Owners selling to other franchisees
- Termination rate
- 4.6%
- Franchisor-initiated terminations
- Ceased ops
- 5.4%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 12 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Illinois
- Indiana
- Maryland
- New York
- Virginia
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 20
- Loan volume
- $8.1M
- Median loan
- $403K
- average
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
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
- 0.0%
- Loans approved 2021+
- Active lenders
- 9
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Bubbakoo’s Burritos's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 5 lenders with concentration factor
- Per-state charge-off rates across 8 states
- Startup risk premium and job creation velocity
- 6-year lending trend
Instant access. No subscription.
With a 0.0% charge-off rate across 20 loans, banks have historically viewed this brand favorably for lending.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Moderate-to-cautious risk profile: growing but unproven system lacks profitability transparency, making ROI validation impossible before investment.
Litigation (Item 3)
No litigation required to be disclosed
Largest disclosed settlement: $35,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- 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 18 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 — cannot validate actual profitability claims against $903K average revenue
- 02MINORHigh investment range ($356K-$757K) with 6% royalty creates breakeven sensitivity if revenue underperforms
- 03MEDModest unit growth (15.7% YoY) with only 130 units suggests system is still in early scaling phase with limited track record
- 04HIGHNo litigation disclosed, but young/small systems often lack sufficient history to assess franchise relationship stability
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 |
| Exclusive territoryℹ | Yes |
| Territory radius | 2 mi |
| Territory population | 30,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 5 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | New Jersey |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 30 hrs
- On-the-job training
- 220 hrs
- Training location
- Certified training Restaurant or other training facility we designate (which may include your Franchised Business)
- Field support
- 220 hrs/yr
- On-site visits per year
- Site selection
- joint
- Franchisor financing
- Offered
- Item 10
- POS system
- Revel
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Revel
Item 20 · call current owners
Franchisee Contacts
90 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Bubbakoo’s Burritos · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Bubbakoo’s Burritos franchise?
The total investment to open a Bubbakoo’s Burritos franchise ranges from $356K – $757K, 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 Bubbakoo’s Burritos franchise owners earn?
According to Item 19 of the Bubbakoo’s Burritos FDD, the average gross sales per unit is $903K. The median is $825K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Bubbakoo’s Burritos's franchise failure rate?
Based on SBA 7(a) loan data, Bubbakoo’s Burritos has a charge-off rate of 0.0% across 20 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Bubbakoo’s Burritos franchise locations are there?
As of their most recent FDD filing, Bubbakoo’s Burritos has 130 total units in the United States, including 118 franchised units and 12 company-owned units. 23 new units were opened in the latest reporting year.
Is Bubbakoo’s Burritos a good franchise to buy?
FranchiseVerdict rates Bubbakoo’s Burritos as a A-grade franchise with a risk score of 18 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.
For franchisors
Are you the franchisor?
If you represent Bubbakoo’s Burritos, you can request corrections or provide updated information.
Claim this brandOther Full-Service Restaurants franchises
Compare similar franchise opportunities in the Full-Service Restaurants category
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.