Vicious Biscuit
Bottom line
- Total investment $799K – $1.3M including a $40K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $1.6M/year (median $1.3M).
- Rated MODERATE with a risk score of 63/100.
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 Vicious Biscuit unit return on the cash you put in?
Unlevered ROIC · per unit
24%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Vicious Biscuit units return on equity?
Equity IRR · 5-yr
33.0%
4.17× MOIC
Year-1 DSCR
2.45×
EBITDA ÷ debt service
Equity required
$6.1M
on $15.9M purchase
Total debt
$9.8M
SBA $5.0M + senior + seller note
Overview
About
Franchisees operate quick-service biscuit sandwich shops (likely breakfast/lunch focused), managing food preparation, point-of-sale operations, inventory, staffing, and local marketing. Day-to-day involves managing a small team in a limited-service kitchen environment with high food cost controls and rapid customer throughput.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 21 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
Vicious Biscuit presents material risk: tiny system size, absent profitability disclosure, corporate going concern warning, and recent litigation suggest an early-stage or struggling franchise model unsuitable for passive investors.
Score breakdown · what drove the 63 / 100 rating
- 01HIGHGoing Concern status is FALSE — indicates potential financial distress or structural issues at corporate level
- 02MINOROnly 9 units system-wide with unknown growth trajectory — suggests stagnant or declining franchise model
- 03MEDNet Income not disclosed in FDD Item 19 — prevents realistic ROI analysis on $799K-$1.3M investment
- 04HIGHLitigation involving founder/operators (McLaughlin) settled for $45K in 2022 — raises governance and transparency concerns despite non-operational claim
- 05MINORHigh capital requirement ($799K-$1.3M) against modest average unit volumes ($1.59M) — payback period likely exceeds 5+ years with 5% royalty drag
- 06MINORProtected territory language vague — no clarity on territory size, customer density, or competitive buffer
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
29 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Vicious Biscuit · FDD (2025) PDF