FranchiseVerdict
FRENCHIES logo
FV-00996·STRONGExcellent86

Frenchies

RetailFranchising since 2015Website
Investment
$473K – $550K
86th pct Retail
Avg revenue
$624K
13th pct Retail
Royalty
Units
26
27th pct Retail
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $473K – $550K including a $50K franchise fee.
  • Average unit revenue of $624K/year.
  • Rated STRONG with a risk score of 44/100. SBA loan default rate of 0.0% across 47 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
FRENCHIES, LLC
Parent company
BCC Services Intermediate Holding Company d/b/a Head to Toe Brands
Incorporated in
Colorado
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 FRENCHIES unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $623,945
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: retail
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $473K–$550K
Working capital
$
FDD reports $38K–$45K

Unlevered ROIC · per unit

8%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$44K
EBITDA margin
7.0%
Total invested
$553K
Payback
152 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.

Overview

About

FRENCHIES franchisees operate a quick-service or casual restaurant concept (likely French-themed cuisine or products based on brand name) with average annual revenue of $623,945. Day-to-day operations include food preparation, customer service, inventory management, and compliance with brand standards across a protected territory.

CEO
Meg Roberts
Founded
2015
FDD year
2026
States available
12

Item 7 · what it costs

The Vitals

Total investment
$473K – $550K
All-in to open one unit
Liquid capital
$38K – $45K
Cash you must have on hand
Franchise fee
$50K
Royalty
Greater of: (a) the Minimum Royalty Fee ($100/week); or (…
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$624K
Per unit, per year
Median gross sales
Item 19 type
average
Sample size
23 units
vs category median 52 · small
Range (low → high)
$319K$981K
Cohort dispersion
Transparency
3 / 5
vs category median 3 / 5 · typical
Revenue rank13th
vs Retail peers
Investment cost rank86th
Lower investment ranks lower (better)
Royalty rate rank73th
Lower royalty = lower percentile (better)
Unit count rank27th
vs Retail peers
Risk score rank10th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
26
Opened
4
Last reporting year
Closed
1
Turnover rate
3.8%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+13.0%
Net unit change last year
3-yr CAGR
+13.0%
Compounded over last 3 years
2024
26+3
Franchised units
2025
23
Franchised units
2026
23
Franchised units

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

Item 20 · 28 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 · 28 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
47
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

44
Risk · 0-100
STRONG44 / 100

Early-stage food concept with small unit base, undisclosed profitability metrics, and high fixed royalty floors that compress margins on modest average unit volumes.

Score breakdown · what drove the 44 / 100 rating

  1. 01MEDNet income not disclosed in FDD Item 19 — inability to validate actual profitability against $472k-$550k investment
  2. 02MINORModest unit growth of 13% YoY with only 26 total units suggests early-stage or plateauing system
  3. 03MINORHigh royalty floor ($100/week minimum = $5,200/year) creates fixed cost burden even during slow revenue periods
  4. 04MINOR6% royalty on $623k average revenue = ~$37k annual royalty cost (5.9% of net if assuming 25% net margin)
  5. 05HIGHNo going concern disclosure contradicts typical franchise system maturity expectations for brands seeking $500k+ investment

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
Optional
Governing law
Texas

Item 11

Training & Operations

Classroom training
34 hrs
On-the-job training
21 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

59 numbers

Locked
(720) 526-••••
The franchisor is Frenchies, LLC,
CO
(505) 620-••••
NM
(970) 217-••••
CO

One-time purchase · CSV download · Validation questions included

FDD download

FRENCHIES · FDD (2026) PDF

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