Bottom line
- Total investment $255K – $462K including a $50K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 75/100.
- 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 Buns on Fire unit return on the cash you put in?
Unlevered ROIC · per unit
32%
In Yale's "attractive" band (30–60%)
Overview
About
Franchisees operate what appears to be a food service concept (likely a quick-service restaurant or bakery focused on bun-based products). Day-to-day operations likely include food preparation, inventory management, customer service, and point-of-sale operations, though specific operational procedures cannot be confirmed given the minimal franchise infrastructure.
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 · 9 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
Buns on Fire presents HIGH RISK due to an extremely underdeveloped franchise system (2 units), complete financial non-disclosure, false going concern status, and a substantial investment requirement without proven unit economics.
Score breakdown · what drove the 75 / 100 rating
- 01MINOROnly 2 existing units indicates an extremely early-stage or stalled franchise system with no demonstrated scalability
- 02MEDNo Item 19 financial disclosure (Avg Revenue and Net Income not disclosed) prevents validation of ROI claims and profitability
- 03HIGHGoing Concern status is False, suggesting potential financial instability or operational viability questions at corporate level
- 04MINORHigh initial investment range ($255K-$462K) paired with zero financial transparency creates severe downside risk exposure
- 05MEDMinimal franchise network provides insufficient peer support infrastructure and limited proven operating procedures
- 06MED6% royalty on undisclosed revenue makes it impossible to model actual profit margins or break-even timelines
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
Buns on Fire · FDD (2025) PDF