The New York Butcher ShoppeFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A The New York Butcher Shoppe franchise requires a total initial investment of $459K – $794K, including a $35K franchise fee and an ongoing 0.0% royalty[2]. Per the 2026 FDD, average unit revenue was $1.7M[2]. SBA 7(a) loans show a 0.0% charge-off rate across 17 loans[1]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $459K – $794K
- 30th pct Service Resta…
- Avg gross sales
- $1.7M
- 18th pct Service Resta…
- Royalty
- 0.0%
- 0th pct Service Resta…
- Units
- 42
- 35th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Only 0.0% of 17 SBA loans charged off, well below the 16% franchise average.
Franchised units fell from 32 to 20 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $459K – $794K including a $35K franchise fee, 0.0% ongoing royalty.
- Average unit revenue of $1.7M/year (median $1.5M).
- Verdict A (Top Quintile) with a risk score of 6/100. SBA loan charge-off rate of 0.0% across 17 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- System growing at 60.0% CAGR over 3 years with 42 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Butcher Shoppe Franchising, LLC.
- Parent company
- Butcher Shoppe International, LLC
- Incorporated in
- SC
- HQ
- 2131 Woodruff Road, Suite 2100 #128, Greenville, South Carolina 29607
- Auditor
- A&G LLP
- Audited financials
- Franchisor revenue
- $964K
- vs $1.4M prior year
Overview
About
Franchisees operate full-service butcher shops selling premium cuts of meat, prepared foods, and specialty provisions. Day-to-day operations include inventory management, butchering and cutting meat to order, customer service, food safety compliance, and retail point-of-sale management. Most locations function as both walk-in retail shops and wholesale suppliers to restaurants or catering operations.
- CEO
- James (Jim) H. Tindal Jr.
- Headquarters
- SC
- Founded
- 2021
- FDD year
- 2026
- States available
- 10
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $15K | $25K |
| Equipment, build-out, other | $409K | $734K |
| Total initial investment | $459K | $794K |
Source: The New York Butcher Shoppe 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$284K
16.5% margin
Unlevered ROIC
44%
EBITDA / total invested capital
Payback
27 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $459K – $794K
- Better than avg vs category
- Liquid capital req'd
- $15K – $25K
- Better than avg vs category
- Franchise fee
- $35K – $40K
- Better than avg vs category
- Royalty
- 0.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 1.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 0.0% of gross sales |
| Marketing / ad fund | 1.5% of gross sales |
| Transfer fee | $35K |
| Renewal fee | $18K |
| Total fee load | 1.5% of rev |
A 1.5% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $1.7M
- Per unit, per year
- Median gross sales
- $1.5M
- Item 19 type
- gross_sales
- Sample size
- 23 units
- vs category median 13
- Range (low → high)
- $753K→$3.7M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How The New York Butcher Shoppe Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 42
- Opened
- 9
- Last reporting year
- Closed
- 1
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 2.4%
- Company-owned
- 10
- Corporate units in the system
- % franchised
- 76%
- vs corporate-owned
- Net growth (yr3)
- +28.0%
- Net unit change last year
- 3-yr CAGR
- +60.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 3
- Projected new
- 3
- Franchisor's next-year forecast
- Transfer rate
- 7.1%
- Owners selling to other franchisees
- Termination rate
- 2.4%
- Franchisor-initiated terminations
- Ceased ops
- 4.8%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 17
- Loan volume
- $8.8M
- Median loan
- $500K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 11
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into The New York Butcher Shoppe's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 9 lenders with concentration factor
- Per-state charge-off rates across 7 states
- Startup risk premium and job creation velocity
- 7-year lending trend
Instant access. No subscription.
With a 0.0% charge-off rate across 17 loans, banks have historically viewed this brand favorably for lending.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
The New York Butcher Shoppe presents moderate-to-high risk due to lack of net income disclosure, unprotected territories, aggressive expansion without financial transparency, and a high capital requirement relative to available performance data.
Litigation (Item 3)
No litigation is required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · A&G LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 6 / 100 rating
- 01MINORNo Item 19 financial disclosure — cannot verify if $1.7M average revenue translates to acceptable net profit margins
- 02MINORUnprotected territory creates direct competition risk and cannibalization potential with 42+ units expanding 28% YoY
- 03MEDHigh initial investment ($458,900–$793,900) relative to disclosed revenue provides limited margin for error in ROI projections
- 04MINORRoyalty structure incentivizes high gross revenue but does not align with profitability (4% of revenue, not profit)
- 05MINORRapid unit growth (28% YoY) without financial transparency raises sustainability and support quality concerns
- 06MINOR10-year term is long commitment for a brand with only 42 units and no clear franchisee success metrics published
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Designated |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | South Carolina |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 44 hrs
- On-the-job training
- 620 hrs
- Training location
- On-site at franchisee location
- Ongoing training
- Required
- Field support
- 80 hrs/yr
- On-site visits per year
- Time to open
- 6 mo
- From signing to launch
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
39 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
The New York Butcher Shoppe · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a The New York Butcher Shoppe franchise?
The total investment to open a The New York Butcher Shoppe franchise ranges from $459K – $794K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do The New York Butcher Shoppe franchise owners earn?
According to Item 19 of the The New York Butcher Shoppe FDD, the average gross sales per unit is $1.7M. The median is $1.5M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is The New York Butcher Shoppe's franchise failure rate?
Based on SBA 7(a) loan data, The New York Butcher Shoppe has a charge-off rate of 0.0% across 17 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many The New York Butcher Shoppe franchise locations are there?
As of their most recent FDD filing, The New York Butcher Shoppe has 42 total units in the United States, including 32 franchised units and 10 company-owned units. 9 new units were opened in the latest reporting year.
Is The New York Butcher Shoppe a good franchise to buy?
FranchiseVerdict rates The New York Butcher Shoppe as a A-grade franchise with a risk score of 6 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.