Walk-On’s Sports Bistreaux
Bottom line
- Total investment $1.6M – $7.0M including a $60K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $4.4M/year (median $4.5M).
- Rated STRONG with a risk score of 54/100.
- System growing at 32.7% CAGR over 3 years with 78 total units — strong expansion trajectory.
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 Walk-On’s Sports Bistreaux unit return on the cash you put in?
Unlevered ROIC · per unit
15%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Walk-On’s Sports Bistreaux units return on equity?
Equity IRR · 5-yr
24.8%
3.03× MOIC
Year-1 DSCR
3.41×
EBITDA ÷ debt service
Equity required
$19.9M
on $35.5M purchase
Total debt
$15.7M
SBA $5.0M + senior + seller note
Overview
About
Franchisees operate upscale sports bar and bistro locations featuring Louisiana cuisine, craft cocktails, and full-service dining in high-traffic areas. Day-to-day operations include managing 50–150+ employees across kitchen and front-of-house, inventory/food cost control, event hosting coordination, and sports entertainment licensing.
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 · 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 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
Walk-On's presents moderate-to-caution risk: strong revenue averages are offset by opaque profitability metrics, slow unit growth, and high capital requirements typical of full-service sports dining concepts.
Score breakdown · what drove the 54 / 100 rating
- 01MEDNet income not disclosed in Item 19 — unable to assess actual profitability despite $4.4M average revenue
- 02MINORModest unit growth of 7.4% YoY suggests slower expansion than typical QSR/casual dining franchises
- 03MINORWide investment range ($1.55M–$7.02M) indicates inconsistent buildout costs or site-dependent variables
- 04MINORHigh initial investment relative to 5% royalty may create cash flow pressure in early years
- 05MINORFood and beverage operational complexity (staffing, inventory, health codes) creates execution risk
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
84 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Walk-On’s Sports Bistreaux · FDD (2025) PDF