Jaggers Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Jaggers is a fast-casual franchise serving burgers, chicken sandwiches, and salads with drive-thru service, from the Charley's restaurant group. Franchisees run the restaurants, managing food prep, staffing, and service.
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). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $3.3M – $4.2M
- 100th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 5.0%
- 11th pct Service Resta…
- Units
- 13
- 43rd pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $3.3M – $4.2M including a $45K franchise fee, 5.0% ongoing royalty.
- RETURNSFinancials are the audited consolidated statements of the parent, Texas Roadhouse, Inc.; JDC's financials are not separately audited but comprise an element of the parent's consolidated statements. Revenue = restaurant and other sales ($5,341,853K) plus franchise royalties and fees ($31,479K), fiscal year ended December 31, 2024.
- RISKVerdict A (Strongest tier), verdict score 59/100 (higher is better).
- DATANo 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
Corporate structure & franchisor financials
- Legal entity
- Jaggers Development Corporation
- Parent company
- Texas Roadhouse, Inc.
- CEO title
- President of JDC; CEO of Texas Roadhouse, Inc.
- Gerald L. Morgan
- CEO experience
- 27 yrs
- Years in role or industry
- Incorporated in
- KY
- HQ
- 6040 Dutchmans Lane, Louisville, Kentucky 40205
- Auditor
- Ernst & Young (implied from TXRH public filings; not explicitly named in text)
- Audited financials
- Franchisor revenue
- $5.4B
- vs $4.6B prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
- CEO
- Gerald L. Morgan
- Headquarters
- KY
- Founded
- 2019
- FDD year
- 2025
- States available
- 4
Can you afford it, and what does the money buy?
Entry cost runs 470% above the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown20 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
- Bottom third — review vs category
- Liquid capital req'd
- $180K – $250K
- Bottom third — review vs category
- Franchise fee
- $45K – $45K
- Bottom third — review vs category
- Royalty
- 5.0%
- percentage · 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 | $15K |
| Inventory (initial) | $22K – $35K |
| Total fee load | 6.5% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Jaggers did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Jaggers unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
3%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Financials are the audited consolidated statements of the parent, Texas Roadhouse, Inc.; JDC's financials are not separately audited but comprise an element of the parent's consolidated statements. Revenue = restaurant and other sales ($5,341,853K) plus franchise royalties and fees ($31,479K), fiscal year ended December 31, 2024.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.5% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
Net unit growth of +100.0% over 3 years (2 opened, 0 closed).
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Jaggers Compares
Is the system healthy?
Source: FDD 2025 · Item 20
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 (3-yr)
- +100.0%
- Net unit change over 3 years
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- 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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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 · Ernst & Young (implied from TXRH public filings; not explicitly named in text)
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
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 59 / 100 verdict
- 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
What are you signing up for?
Ongoing fees run about 6.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| 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 |
| Arbitration location | Louisville, Kentucky (mediation; not arbitration) |
| Jury trial waiver | Yes |
| Governing law | KY |
| 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
- 652 hrs
- Training location
- Jaggers Training Store, Louisville, Kentucky or other designated location; also company-owned restaurants
- Ongoing training
- Required
- Site selection
- Franchisee selects, franchisor approves
- Franchisor financing
- Not offered
- Item 10
- 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 Item 19 in the Jaggers FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Jaggers FDD and qualifies whose outlets they describe.
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 A-grade franchise with a verdict score of 59 out of 100 (higher is better), 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
Are you the franchisor?
If you represent Jaggers, you can request corrections or provide updated information.
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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.