FranchiseVerdict
NAUTICAL BOWLS logo
FV-01751·MODERATEExcellent95

Nautical Bowls

Food & Beverage - Full ServiceFranchising since 2020Website
Investment
$222K – $409K
23rd pct Full Service
Avg revenue
$440K
3rd pct Full Service
Royalty
6.0%
54th pct Full Service
Units
63
76th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $222K – $409K including a $40K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $440K/year. Estimated payback in 4.0 years.
  • Rated MODERATE with a risk score of 61/100. SBA loan default rate of 0.0% across 154 loans (below the industry average).
  • System growing at 1000.0% CAGR over 3 years with 63 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Nautical Bowls Franchising, LLC
Incorporated in
Texas
HQ
4640 Palmer Pointe Rd, Excelsior, Minnesota 55331
Auditor
DNJ & ASSOCIATES
Audited financials
Franchisor revenue
$933K
vs $1.1M 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 NAUTICAL BOWLS unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $440,000
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: $222K–$409K
Working capital
$
FDD reports $5K–$15K

Unlevered ROIC · per unit

20%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$66K
EBITDA margin
15.0%
Total invested
$326K
Payback
59 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 NAUTICAL BOWLS 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

$704K

on $3.5M purchase

Total debt

$2.8M

SBA $1.8M + senior + seller note

Overview

About

Nautical Bowls franchisees operate fast-casual açai bowl and smoothie restaurants focused on health-conscious consumers. Day-to-day operations include preparing fresh fruit bowls and beverages, managing inventory and food costs, staffing the counter and kitchen, and driving local marketing to build customer loyalty. Most locations are small-footprint retail spaces designed for high-volume, quick-service transactions.

CEO
Peter Taunton
Founded
2020
FDD year
2024
States available
17

Item 7 · what it costs

The Vitals

Total investment
$222K – $409K
All-in to open one unit
Liquid capital
$5K – $15K
Cash you must have on hand
Franchise fee
$40K
Royalty
6.0%
Percentage · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical
Payback period
4.0 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$440K
Per unit, per year
Median gross sales
Item 19 type
Projected and Actual
Sample size
23 units
vs category median 15
Range (low → high)
$262K$641K
Cohort dispersion
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank3th
vs Food & Beverage - Full Service peers
Investment cost rank23th
Lower investment ranks lower (better)
Royalty rate rank54th
Lower royalty = lower percentile (better)
Unit count rank76th
vs Food & Beverage - Full Service peers
Risk score rank45th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
63
Opened
39
Last reporting year
Closed
8
Turnover rate
12.7%
Company-owned
1
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
+121.4%
Net unit change last year
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2022
62+35
Franchised units
2023
28
Franchised units
2024
4
Franchised units

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

Item 20 · 17 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 · 17 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
154
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

61
Risk · 0-100
MODERATE61 / 100

Nautical Bowls presents high-risk investment profile due to active multi-party litigation alleging fraud and misrepresentation, false going concern status, and marginal unit-level economics that may not support corporate royalties and profitability targets.

Score breakdown · what drove the 61 / 100 rating

  1. 01HIGHThree active lawsuits filed December 2023 alleging fraud, misrepresentation, and deceptive trade practices by former franchisees
  2. 02HIGHGoing Concern designation is FALSE, indicating potential financial instability at corporate level
  3. 03MINORNet income of $79,712 on $440,000 average revenue (18.1% margin) may be insufficient to cover $26,550 annual royalties (6% of revenue) plus other operating expenses
  4. 04HIGHAggressive unit growth (121.4% YoY) during period of active litigation suggests potential quality control issues or desperation to recruit
  5. 05MINORHigh investment range ($222,250–$409,350) combined with modest profitability creates extended payback period and elevated financial risk
  6. 06HIGHFranchise fee of $39,500 is non-recoverable in context of litigation and going concern status

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
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
3
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Texas

Item 11

Training & Operations

Classroom training
14 hrs
On-the-job training
13 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

35 numbers

Locked
(309) 472-••••
IL
(612) 499-••••
MN
(712) 574-••••
IA

One-time purchase · CSV download · Validation questions included

FDD download

NAUTICAL BOWLS · FDD (2024) PDF

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