Bottom line
- Total investment $121K – $147K including a $18K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 74/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
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 Bubble Bus unit return on the cash you put in?
Unlevered ROIC · per unit
77%
Above typical band (30–60%)
Overview
About
Bubble Bus franchisees operate mobile or fixed-location bubble tea service units, likely focused on beverage preparation, point-of-sale management, inventory control, and customer service. Day-to-day operations involve product preparation, staff scheduling, equipment maintenance, and local marketing to drive walk-in or delivery traffic.
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 · 7 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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Bubble Bus presents HIGH RISK due to rapid unit contraction, complete financial opacity, unclear going concern status, and mismatched investment-to-disclosure ratios.
Score breakdown · what drove the 74 / 100 rating
- 01MEDSystem experiencing severe contraction: 28.6% unit decline YoY (from ~15 to 11 units) indicates fundamental business model or support issues
- 02MINORNo financial disclosure (Item 19): Franchisor refuses to provide average unit volumes or net income, making ROI impossible to validate
- 03HIGHGoing Concern status is FALSE: Franchisor may be financially distressed or unwilling to commit long-term viability assurances
- 04MINORVery low royalty floor ($750/quarter = $3,000 annually suggests units generating minimal revenue or franchisor unable to sustain support at higher fees
- 05MEDHigh initial investment ($121k-$147k) paired with undisclosed earnings creates unjustifiable risk-reward asymmetry
- 06MINORSmall system size (11 units) with ongoing attrition limits operational leverage, support resources, and brand recognition
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
9 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Bubble Bus · FDD (2023) PDF