FranchiseVerdict
Rise Biscuits and Donuts logo
FV-02155·STRONGExcellent91

Rise Biscuits and Donuts

Formerly known as Rise Southern Biscuits & Righteous Chicken

Food & Beverage - Full ServiceFranchising since 2014Website
Investment
$668K – $883K
77th pct Full Service
Avg revenue
$859K
14th pct Full Service
Royalty
6.0%
54th pct Full Service
Units
25
58th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $668K – $883K including a $35K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $859K/year (median $794K). Estimated payback in 8.7 years.
  • Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 5 loans (below the industry average).
  • System growing at 35.7% CAGR over 3 years with 25 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Rise Franchising, LLC
Parent company
Rise Holdings LLC
Incorporated in
North Carolina
HQ
PO Box 51593, Durham, NC 27717
Auditor
DNJ & ASSOCIATES
Audited financials
Franchisor revenue
$1.3M
vs $1.6M 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 Rise Biscuits and Donuts unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $859,058
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: $668K–$883K
Working capital
$
FDD reports $50K–$70K

Unlevered ROIC · per unit

15%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$129K
EBITDA margin
15.0%
Total invested
$835K
Payback
78 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 Rise Biscuits and Donuts 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

$1.4M

on $6.9M purchase

Total debt

$5.5M

SBA $3.4M + senior + seller note

Overview

About

Rise Biscuits franchisees operate fast-casual bakery cafés serving fresh-baked biscuits, donuts, and coffee-based beverages. Day-to-day operations include early-morning dough preparation and baking, customer service during breakfast/lunch service windows, inventory management, staff scheduling/training, and local marketing.

Founded
2014
FDD year
2025
States available
8

Item 7 · what it costs

The Vitals

Total investment
$668K – $883K
All-in to open one unit
Liquid capital
$50K – $70K
Cash you must have on hand
Franchise fee
$35K
Royalty
6.0%
Percentage of Gross Revenues · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical
Payback period
8.7 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$859K
Per unit, per year
Median gross sales
$794K
Item 19 type
Full P&L and Gross Sales
Sample size
16 units
vs category median 15
Range (low → high)
$429K$1.4M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank14th
vs Food & Beverage - Full Service peers
Investment cost rank77th
Lower investment ranks lower (better)
Royalty rate rank54th
Lower royalty = lower percentile (better)
Unit count rank58th
vs Food & Beverage - Full Service peers
Risk score rank18th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
25
Opened
4
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
6
Corporate units in the system
% franchised
76%
vs corporate-owned
Net growth (yr3)
+26.7%
Net unit change last year
3-yr CAGR
+35.7%
Compounded over last 3 years
2023
19+4
Franchised units
2024
15
Franchised units
2025
14
Franchised units

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

Item 20 · 15 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 · 15 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
5
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

Rise Biscuits presents moderate-to-cautious risk: unverified financial claims, thin margins, high capital needs, and small system size offset by growth trajectory and lack of litigation.

Score breakdown · what drove the 52 / 100 rating

  1. 01MEDNo Item 19 financial performance representation disclosed — cannot independently verify claimed average revenue of $859,058 or net income of $88,748
  2. 02MINORNet profit margin of only 10.3% is thin for QSR; after 6% royalty, landlord rent, and labor costs, actual franchisee take-home is concerning
  3. 03MINORHigh initial investment range ($667,850–$882,500) creates significant capital requirement with modest profit potential and extended 10-year payback horizon
  4. 04MINORRapid unit growth (26.7% YoY) raises sustainability questions — is growth driven by franchisee success or aggressive recruiting?
  5. 05MINORSmall system size (25 units) limits economies of scale, supply chain leverage, and brand recognition; higher failure risk in small systems

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
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
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
North Carolina

Item 11

Training & Operations

Classroom training
9 hrs
On-the-job training
54 hrs
POS system
Revel POS
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

24 numbers

Locked
(407) 557-••••
Jason Kasid
CA
(919) 586-••••
Ajay Patel
NC
(415) 519-••••
NC

One-time purchase · CSV download · Validation questions included

FDD download

Rise Biscuits and Donuts · FDD (2025) PDF

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