FranchiseVerdict
Long Island Bagel Café logo
FV-01521·MODERATEExcellent91

Long Island Bagel Café

Food & Beverage - Full ServiceFranchising since 2019Website
Investment
$585K – $882K
73rd pct Full Service
Avg revenue
$3.1M
53rd pct Full Service
Royalty
5.0%
15th pct Full Service
Units
7
33rd pct Full Service
SBA default

Bottom line

  • Total investment $585K – $882K including a $35K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $3.1M/year (median $3.1M).
  • Rated MODERATE with a risk score of 60/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
LIBC FRANCHISE LLC
Incorporated in
New York
HQ
1 RXR Plaza, Suite 350, Uniondale, New York 11556
Auditor
Miller CPA, PLLC
Audited financials
Franchisor revenue
$64K
vs $97K 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 Long Island Bagel Café unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $3,137,051
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $585K–$882K
Working capital
$
FDD reports $38K–$81K

Unlevered ROIC · per unit

67%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$533K
EBITDA margin
17.0%
Total invested
$793K
Payback
18 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 Long Island Bagel Café units return on equity?

Edit assumptions

Equity IRR · 5-yr

25.5%

3.12× MOIC

Year-1 DSCR

3.27×

EBITDA ÷ debt service

Equity required

$17.0M

on $31.4M purchase

Total debt

$14.4M

SBA $5.0M + senior + seller note

SBA 7(a) request ($15.7M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Franchisees operate quick-service bagel cafés serving fresh bagels, cream cheese spreads, coffee, and breakfast/lunch sandwiches. Daily operations include bagel production/baking, food prep, point-of-sale transactions, staffing 5-15 employees, and inventory/supplier management. Business model relies on high-traffic locations and morning daypart sales.

CEO
Randy Narod
Founded
2019
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$585K – $882K
All-in to open one unit
Liquid capital
$38K – $81K
Cash you must have on hand
Franchise fee
$35K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$3.1M
Per unit, per year
Median gross sales
$3.1M
Item 19 type
Gross Revenue
Sample size
7 units
vs category median 15 · small
Range (low → high)
$2.4M$4.7M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank53th
vs Food & Beverage - Full Service peers
Investment cost rank73th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank33th
vs Food & Beverage - Full Service peers
Risk score rank40th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
7
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
6
Corporate units in the system
% franchised
14%
vs corporate-owned
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
+0.0%
Compounded over last 3 years
2023
1±0
Franchised units
2024
1
Franchised units
2025
1
Franchised units

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

Item 20 · 16 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 · 16 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

60
Risk · 0-100
MODERATE60 / 100

Early-stage or stagnating bagel franchise with opaque profitability, minimal system scale, and corporate financial concerns requiring deep validation before committing $585K+.

Score breakdown · what drove the 60 / 100 rating

  1. 01MINORNo net income disclosure (Item 19) prevents accurate ROI assessment on $585K-$882K investment
  2. 02MINOROnly 7 units with unknown growth trajectory suggests stagnant or declining system
  3. 03HIGHGoing Concern status = false indicates potential financial instability at corporate level
  4. 04MEDHigh royalty base (5% of gross sales) with undisclosed profitability makes break-even unclear
  5. 05MINORAverage revenue of $313K per unit appears modest for QSR category, limiting franchisee upside
  6. 06MINOR10-year term is lengthy commitment with minimal franchise support infrastructure (7-unit system)

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population based
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
New York

Item 11

Training & Operations

Classroom training
44 hrs
On-the-job training
50 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

16 numbers

Locked
(317) 232-••••
IN
(651) 539-••••
MN
(701) 328-••••
ND

One-time purchase · CSV download · Validation questions included

FDD download

Long Island Bagel Café · FDD (2025) PDF

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