BIG FROG

Big Frog began franchising in 2008, building to a peak of 102 locations in 2023 before contracting 5% to 97 in 2024, with current counts at 74 units. This downward trend, alongside 4 terminations and 8 system transfers, suggests some franchisee churn, possibly tied to competitive pressures from national chains and e-commerce. However, projected openings of 12 new units indicate franchisor optimism, and a single noted litigation over a POS system breach points to operational enforcement rather than widespread disputes. Item 20 data flags modest instability, but steady SBA activity—40 loans averaging $204,643 with just a 5% default rate—shows accessible financing and reasonable repayment success.

Financials start with a $60,000 franchise fee and total investment of $163,987-$323,110 (Item 7), plus ongoing 6% royalties, 1.5% brand fund, and $350 monthly internal systems fee. Item 19 shines with average gross revenues of $537,506 and median $479,465 across units, translating to estimated owner profit of $149,129—solid for a retail service model after expenses. These figures outperform many peers in custom apparel, supported by low SBA defaults, but the contraction and fees warrant scrutiny amid market saturation. For risk-tolerant investors eyeing $150K+ earnings potential, Big Frog offers data-backed appeal if growth projections hold.