FranchiseVerdict
Bubbakoo’s Burritos logo
FV-00403·STRONGExcellent91

Bubbakoo’s Burritos

Food & Beverage - Full ServiceFranchising since 2015Website
Investment
$356K – $757K
48th pct Full Service
Avg revenue
$903K
15th pct Full Service
Royalty
6.0%
54th pct Full Service
Units
130
86th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $356K – $757K including a $35K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $903K/year (median $825K).
  • Rated STRONG with a risk score of 37/100. SBA loan default rate of 0.0% across 40 loans (below the industry average).
  • Auditor disclosed a going-concern note — 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
Incorporated in
Delaware
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
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Bubbakoo’s Burritos unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $903,027
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $356K–$757K
Working capital
$
FDD reports $15K–$30K

Unlevered ROIC · per unit

23%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$135K
EBITDA margin
15.0%
Total invested
$579K
Payback
51 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Bubbakoo’s Burritos units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.4M

on $7.2M purchase

Total debt

$5.8M

SBA $3.6M + senior + seller note

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
Founded
2014
FDD year
2025
States available
14

Item 7 · what it costs

The Vitals

Total investment
$356K – $757K
All-in to open one unit
Liquid capital
$15K – $30K
Cash you must have on hand
Franchise fee
$35K
Royalty
6.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

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 15 · large
Range (low → high)
$468K$2.0M
Cohort dispersion
Transparency
7 / 5
vs category median 4 / 5 · above
Revenue rank15th
vs Food & Beverage - Full Service peers
Investment cost rank48th
Lower investment ranks lower (better)
Royalty rate rank54th
Lower royalty = lower percentile (better)
Unit count rank86th
vs Food & Beverage - Full Service peers
Risk score rank1th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
130
Opened
23
Last reporting year
Closed
7
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
2023
118+15
Franchised units
2024
102
Franchised units
2025
86
Franchised units

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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Available · 12 states
Not registered

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.

Total loans
40
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

37
Risk · 0-100
STRONG37 / 100

Moderate-to-cautious risk profile: growing but unproven system lacks profitability transparency, making ROI validation impossible before investment.

Score breakdown · what drove the 37 / 100 rating

  1. 01MEDNet income not disclosed in FDD Item 19 — cannot validate actual profitability claims against $903K average revenue
  2. 02MINORHigh investment range ($356K-$757K) with 6% royalty creates breakeven sensitivity if revenue underperforms
  3. 03MEDModest unit growth (15.7% YoY) with only 130 units suggests system is still in early scaling phase with limited track record
  4. 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

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
New Jersey

Item 11

Training & Operations

Classroom training
30 hrs
On-the-job training
220 hrs
POS system
Revel
Operating tech stack

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

63 numbers

Locked
(619) 525-••••
San Diego Office
CA
(239) 221-••••
FL
(201) 244-••••
NJ

One-time purchase · CSV download · Validation questions included

FDD download

Bubbakoo’s Burritos · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above