JaggersFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Jaggers franchise requires a total initial investment of $3.3M – $4.2M, including a $45K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $3.3M – $4.2M
- 48th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 13
- 24th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchised units fell from 4 to 0 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $3.3M – $4.2M including a $45K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict B (Above Average) with a risk score of 62/100.
- 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
- Legal entity
- Jaggers Development Corporation
- Parent company
- Texas Roadhouse, Inc.
- CEO title
- President of JDC and Chief Executive Officer of TXRH
- Gerald L. Morgan
- CEO experience
- 27 yrs
- Years in role or industry
- Incorporated in
- KY
- HQ
- 6040 Dutchmans Lane, Louisville, Kentucky 40205
- Auditor
- KPMG LLP
- Audited financials
- Franchisor revenue
- $4.6M
- vs $5.4M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Jaggers franchisees operate [BUSINESS MODEL NOT DISCLOSED IN PROVIDED DATA]. Without disclosed average unit volumes or business description, the actual day-to-day operational scope, staffing requirements, and revenue drivers remain unspecified, preventing meaningful operational due diligence.
- CEO
- Gerald L. Morgan
- Headquarters
- KY
- Founded
- 2019
- FDD year
- 2025
- States available
- 4
FDD Item 7 · 2025 filing · 20 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Franchise Feenot refundable | $45K | $45K | |
| Leasehold/Building Improvements | $1.5M | $1.7M | |
| Architectural/Engineering/Site Evaluation | $160K | $175K | |
| Builders Risk and OCP Insurance | $3K | $8K | |
| Performance Bonds | $9K | $23K | |
| Furniture, Decor & Fixtures | $70K | $130K | |
| Equipment | $680K | $750K | |
| Signs | $115K | $250K | |
| Insurance | $60K | $140K | |
| Initial Inventory | $22K | $35K | |
| Supplies | $10K | $20K | |
| Smallwares | $20K | $25K | |
| Computer Hardware/Software; POS System/Network Cabling Fees | $250K | $315K | |
| Marketing and Promotional Materials | $1K | $5K | |
| Training Costs/Opening Assistance | $60K | $150K | |
| Licenses, Permits, Incorporation | $25K | $50K | |
| Utility and Telephone Deposits | $5K | $50K | |
| Other Pre-opening Costs Not Listed Above | $60K | $116K | |
| Additional Funds (3 months) | $180K | $250K | |
| Development Fee | $10K | $10K | |
| Total initial investment | $3.3M | $4.2M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $3.3M – $4.2M
- Near category avg vs category
- Liquid capital req'd
- $180K – $250K
- Near category avg vs category
- Franchise fee
- $45K – $45K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Sales · typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 6.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.5% of gross sales |
| Technology fee | $2K |
| Training fee | $2K |
| Transfer fee | $4K |
| Renewal fee | $3.0M |
| Total fee load | 6.5% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How Jaggers Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 13
- Opened
- 2
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 9
- Corporate units in the system
- % franchised
- 31%
- vs corporate-owned
- Net growth (yr3)
- +100.0%
- Net unit change last year
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 4
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 4 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
4
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage franchise with minimal operational history, undisclosed financials, and corporate going concern issues presents substantial capital-at-risk with unvalidated return projections.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · KPMG LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 62 / 100 rating
- 01MINORNo Item 19 financial disclosure (average revenue and net income not provided) prevents ROI validation on $3.3M-$4.2M investment
- 02HIGHGoing Concern status is FALSE, indicating potential financial instability or uncertainty at corporate level
- 03MEDExtremely small unit count (13 total) suggests early-stage brand with limited proven scalability and network effects
- 04MINOR100% YoY growth from very low base (likely 6-7 units prior year) is not statistically meaningful or sustainable validation
- 05MEDHigh initial investment ($3.3M-$4.2M) combined with no disclosed profitability creates acute payback period risk
- 06MED5% royalty on undisclosed sales revenue makes it impossible to calculate true cost of ownership
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Assigned Area |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 3 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Kentucky |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 63 hrs
- On-the-job training
- 322 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- POS system
- Jaggers-authorized required POS system
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Jaggers-authorized required POS system
Item 20 · call current owners
Franchisee Contacts
3 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Jaggers · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Jaggers franchise?
The total investment to open a Jaggers franchise ranges from $3.3M – $4.2M, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Jaggers franchise owners earn?
Jaggers does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Jaggers's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Jaggers (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Jaggers franchise locations are there?
As of their most recent FDD filing, Jaggers has 13 total units in the United States, including 4 franchised units and 9 company-owned units. 2 new units were opened in the latest reporting year.
Is Jaggers a good franchise to buy?
FranchiseVerdict rates Jaggers as a B-grade franchise with a risk score of 62 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.