FranchiseVerdict
Jeff's Bagel Run logo
FV-01343·STRONGExcellent91

Jeff's Bagel Run

Formerly known as JBR Automotive

Food & Beverage - BakeryFranchising since 2023Website
Investment
$576K – $998K
79th pct Bakery
Avg revenue
$1.2M
43rd pct Bakery
Royalty
6.0%
36th pct Bakery
Units
25
45th pct Bakery
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $576K – $998K including a $30K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $1.2M/year. Estimated payback in 4.8 years.
  • Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
JBR Franchise Co
Parent company
Jeff’s Bagel Run Holdings Co
Incorporated in
Florida
HQ
4190 Millenia Boulevard, Orlando, Florida 32839
Auditor
WithumSmith+Brown, PC
Audited financials
Franchisor revenue
$0
vs $419K prior year
⚠ Going-concern note
Disclosed in FDD 2026
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Jeff's Bagel Run unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,168,032
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restaurant
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $576K–$998K
Working capital
$
FDD reports $58K–$85K

Unlevered ROIC · per unit

14%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$117K
EBITDA margin
10.0%
Total invested
$858K
Payback
88 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 Jeff's Bagel Run 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

$701K

on $3.5M purchase

Total debt

$2.8M

SBA $1.8M + senior + seller note

Overview

About

Franchisees operate quick-service bagel shops serving fresh bagels, spreads, and complementary beverages to breakfast and lunch customers. Day-to-day operations include bagel production, customer service, inventory management, staffing coordination, and local marketing within a protected territory.

CEO
Justin Wetherill
Founded
2023
FDD year
2026
States available
6

Item 7 · what it costs

The Vitals

Total investment
$576K – $998K
All-in to open one unit
Liquid capital
$58K – $85K
Cash you must have on hand
Franchise fee
$30K
Royalty
6.0%
percentage of gross sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical
Payback period
4.8 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$1.2M
Per unit, per year
Median gross sales
Item 19 type
Actual
Sample size
6 units
vs category median 23 · small
Range (low → high)
$807K$1.4M
Cohort dispersion
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank43th
vs Food & Beverage - Bakery peers
Investment cost rank79th
Lower investment ranks lower (better)
Royalty rate rank36th
Lower royalty = lower percentile (better)
Unit count rank45th
vs Food & Beverage - Bakery peers
Risk score rank25th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
25
Opened
13
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
11
Corporate units in the system
% franchised
56%
vs corporate-owned
Net growth (yr3)
Outlier (see FDD)
Likely small-sample artifact
2024
14+15
Franchised units
2025
1
Franchised units
2026
0
Franchised units

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

Item 20 · 24 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 · 24 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
4
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

52
Risk · 0-100
STRONG52 / 100

Early-stage bagel franchise with extreme unit growth, unverified financial claims, thin margins, and high capital requirements presents elevated risk despite no litigation or going concern issues.

Score breakdown · what drove the 52 / 100 rating

  1. 01MINORExplosive unit growth of 1300% YoY suggests either brand-new franchise system or unsustainable expansion; lack of historical data makes validation difficult
  2. 02MINORNet income of $162,392 on $1,168,032 revenue represents only 13.9% net margin — below industry standards for QSR bagel concepts, raising profitability sustainability questions
  3. 03MINORHigh investment range ($575K–$998K) combined with modest average net income creates 3.5–6.1 year breakeven timeline with no margin for error
  4. 04MEDOnly 25 units in system creates limited franchisee reference pool and suggests early-stage franchise with unproven scalability and support infrastructure
  5. 05MEDNo Item 19 (financial performance representations) disclosed; franchisor is not substantiating the $1.17M revenue and $162K net income claims with audited data

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 or Population
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Granted
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
Florida

Item 11

Training & Operations

Classroom training
8 hrs
On-the-job training
72 hrs
POS system
Au-dough-mation
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

54 numbers

Locked
(213) 576-••••
CA
(704) 766-••••
NC
(407) 930-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

Jeff's Bagel Run · FDD (2026) PDF

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