FranchiseVerdict
DELTA CROWN™ logo
FV-00733·CAUTIONExcellent91

Delta Crown™

Formerly known as Crown Extension Bar

Personal Services - Beauty & SalonFranchising since 2025Website
Investment
$364K – $528K
67th pct Beauty & Salon
Avg revenue
$1.0M
59th pct Beauty & Salon
Royalty
6.0%
18th pct Beauty & Salon
Units
1
1st pct Beauty & Salon
SBA default

Bottom line

  • Total investment $364K – $528K including a $50K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $1.0M/year. Estimated payback in 3.0 years.
  • Rated CAUTION with a risk score of 70/100.
  • Emerging franchise — only 1 year of franchising with 1 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Crown Extension Bar, LLC
Parent company
BCC Services Intermediate Holding Company d/b/a Head to Toe Brands
Incorporated in
Delaware
HQ
550 Reserve Street, Suite 380, Southlake, Texas 76092
Auditor
Plante & Moran, PLLC
Audited financials
Franchisor revenue
$1.8M
vs $12.4M 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 DELTA CROWN™ unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,000,134
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $364K–$528K
Working capital
$
FDD reports $30K–$50K

Unlevered ROIC · per unit

45%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$220K
EBITDA margin
22.0%
Total invested
$486K
Payback
27 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 DELTA CROWN™ units return on equity?

Edit assumptions

Equity IRR · 5-yr

34.2%

4.36× MOIC

Year-1 DSCR

2.37×

EBITDA ÷ debt service

Equity required

$5.5M

on $15.0M purchase

Total debt

$9.5M

SBA $5.0M + senior + seller note

SBA 7(a) request ($7.5M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Delta Crown franchisees operate a [BUSINESS MODEL NOT DISCLOSED IN DATA PROVIDED]. Daily operations likely involve [SERVICE/PRODUCT DELIVERY], customer acquisition, and revenue generation sufficient to meet $250 weekly minimum royalty obligations to franchisor.

CEO
Meg Roberts
Founded
2025
FDD year
2026
States available
1

Item 7 · what it costs

The Vitals

Total investment
$364K – $528K
All-in to open one unit
Liquid capital
$30K – $50K
Cash you must have on hand
Franchise fee
$50K
Royalty
6.0%
Gross Revenue · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical
Payback period
3.0 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$1.0M
Per unit, per year
Median gross sales
Item 19 type
Affiliate-owned location
Sample size
1 units
vs category median 34 · small
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank59th
vs Personal Services - Beauty & Salon peers
Investment cost rank67th
Lower investment ranks lower (better)
Royalty rate rank18th
Lower royalty = lower percentile (better)
Unit count rank1th
vs Personal Services - Beauty & Salon peers
Risk score rank74th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
1
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Multi-unit owners
1.0%
2024
1±0
Franchised units
2025
0
Franchised units
2026
0
Franchised units

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

Item 20 · 17 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 · 17 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.

No SBA loan data available for this brand.

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

Risk & Legal

70
Risk · 0-100
CAUTION70 / 100

Single-unit franchise with undisclosed growth, potential franchisor financial instability, and unverified financial performance claims present substantial execution and viability risk.

Score breakdown · what drove the 70 / 100 rating

  1. 01MINOROnly 1 franchised unit in system with unknown growth trajectory suggests minimal viable franchise model or recent launch/collapse
  2. 02HIGHGoing Concern status 'False' indicates franchisor may have liquidity/solvency issues or unstable corporate foundation
  3. 03MINORNo Item 19 financial performance representations available — cannot verify if $149,656 net income is achievable or typical
  4. 04MINORHigh initial investment ($364k-$528k) paired with single operating unit creates extreme selection bias and unproven scalability
  5. 05MINORMinimum royalty of $250/week ($13k annually) creates floor obligation regardless of revenue, raising cash flow risk for underperforming locations

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
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
Texas

Item 11

Training & Operations

Classroom training
108 hrs
On-the-job training
72 hrs

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

21 numbers

Locked
(734) 678-••••
The franchisor is Crown Extension Bar, LLC,
MI
(517) 373-••••
MI
(808) 586-••••
HI

One-time purchase · CSV download · Validation questions included

FDD download

DELTA CROWN™ · FDD (2026) PDF

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