FranchiseVerdict
Crooked Pint Ale House logo
FV-00669·CAUTIONExcellent91

Crooked Pint Ale House

Food & Beverage - Full ServiceFranchising since 2012Website
Investment
$1.2M – $2.1M
90th pct Full Service
Avg revenue
$170K
1st pct Full Service
Royalty
4.0%
6th pct Full Service
Units
14
49th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $1.2M – $2.1M including a $55K franchise fee, 4.0% ongoing royalty.
  • Average unit revenue of $170K/year (median $186K).
  • Rated CAUTION with a risk score of 75/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Crooked Pint, LLC
Parent company
Hightop Brands, LLC
Incorporated in
Minnesota
HQ
1342 Grand Avenue, St. Paul, MN 55105
Auditor
CliftonLarsonAllen LLP
Audited financials
Franchisor revenue
$2.2M
vs $2.2M prior year

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 Crooked Pint Ale House unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $169,508
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: $1.2M–$2.1M
Working capital
$
FDD reports $50K–$75K

Unlevered ROIC · per unit

2%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$30K
EBITDA margin
17.5%
Total invested
$1.7M
Payback
692 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 Crooked Pint Ale House 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

$356K

on $1.8M purchase

Total debt

$1.4M

SBA $0.9M + senior + seller note

Overview

About

Franchisees operate full-service ale house restaurants featuring craft beer selections, casual dining, and bar service. Day-to-day operations include managing kitchen and bar staff, inventory purchasing (particularly high-SKU beer selection), customer service, event hosting, and local marketing. This is a capital-intensive, labor-heavy hospitality business requiring 60+ hour owner involvement typical of independent bar/restaurant operations.

CEO
Paul Dzubnar
Founded
2011
FDD year
2025
States available
5

Item 7 · what it costs

The Vitals

Total investment
$1.2M – $2.1M
All-in to open one unit
Liquid capital
$50K – $75K
Cash you must have on hand
Franchise fee
$55K
Royalty
4.0%
Gross Sales · typical 6–8%
Ad fund
1.5%
typical 3–5%
Total fee load
5.5%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$170K
Per unit, per year
Median gross sales
$186K
Item 19 type
Historical Sales and Costs
Sample size
14 units
vs category median 15
Range (low → high)
$80K$248K
Cohort dispersion
Transparency
7 / 5
vs category median 4 / 5 · above
Revenue rank1th
vs Food & Beverage - Full Service peers
Investment cost rank90th
Lower investment ranks lower (better)
Royalty rate rank6th
Lower royalty = lower percentile (better)
Unit count rank49th
vs Food & Beverage - Full Service peers
Risk score rank92th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
14
Opened
0
Last reporting year
Closed
1
Turnover rate
7.1%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-6.7%
Net unit change last year
3-yr CAGR
-12.5%
Compounded over last 3 years
2023
14-1
Franchised units
2024
15
Franchised units
2025
16
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 4 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
Registered · 4 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
2
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

75
Risk · 0-100
CAUTION75 / 100

Contracting system with shrinking unit base, undisclosed profitability, potential franchisor going-concern issues, and revenue figures that appear misaligned with investment requirements present substantial risk.

Score breakdown · what drove the 75 / 100 rating

  1. 01MINORUnit count declining 6.7% YoY (14 units) indicates system contraction and potential viability concerns
  2. 02MINORNo net income disclosure despite Item 19 availability — inability or unwillingness to show profitability is a major red flag
  3. 03HIGHGoing Concern status = FALSE suggests franchisor may have disclosed material doubts about ability to continue operations
  4. 04MINORAverage revenue of $169,508 is critically low for a full-service restaurant; incompatible with $1.19M-$2.1M investment thesis
  5. 05MEDHigh investment requirement ($1.19M-$2.1M) paired with undisclosed/likely marginal net income creates severe ROI risk
  6. 06MEDSmall unit count (14) limits franchisee network support and suggests limited 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

Territory
Designated Area
Protected territory
Yes
Initial term
20 years
Renewal term
10 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
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Minnesota

Item 11

Training & Operations

Classroom training
75 hrs
On-the-job training
400 hrs
POS system
Ingage I.T. (Infinity Service)
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

13 numbers

Locked
(952) 353-••••
MN
(612) 877-••••
MN
(218) 464-••••
MN

One-time purchase · CSV download · Validation questions included

FDD download

Crooked Pint Ale House · FDD (2025) PDF

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