Bottom line
- Total investment $313K – $884K including a $35K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100.
- 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
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 PopUp Bagels unit return on the cash you put in?
Unlevered ROIC · per unit
12%
Below typical band (30–60%)
Overview
About
PopUp Bagels franchisees operate quick-service bagel shops, managing daily production, inventory, point-of-sale operations, and customer service. Operations likely focus on fresh bagel preparation, toasting, and sandwich assembly with rapid turnover in high-traffic locations.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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).
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
Pre-revenue-disclosure franchise with minimal unit count and undisclosed financials presents elevated due diligence risk; viability cannot be assessed without Item 19 data.
Score breakdown · what drove the 65 / 100 rating
- 01MINORNo Item 19 financial performance disclosure — unable to validate if average revenue/net income justify $312k-$884k investment
- 02MINORExtremely small unit count (9 locations) with unknown growth trajectory — suggests nascent or stalled system
- 03MINORWide investment range ($572k spread) without corresponding revenue benchmarks creates opacity on unit economics
- 04HIGHGoing Concern status is FALSE — ambiguous whether this refers to franchisor viability or other concerns
- 05MINOR6% royalty on weekly gross sales is structure-dependent risk; without Item 19, franchisees cannot assess profitability threshold
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
6 numbers
One-time purchase · CSV download · Validation questions included
FDD download
PopUp Bagels · FDD (2025) PDF