Risk Score
Pending analysis
Investment Range
$812,850 - $1,457,375
Total US Locations
125
Business Summary
Beef 'O' Brady's Family Sports Pubs are full-menu, table-service restaurants that provide food and beverages in a family-oriented sports pub environment. These businesses operate using distinctive trademarks, service marks, trade dress, and business systems developed by FSC Franchise Co., LLC.
Corporate History
FSC Franchise Co., LLC was formed in Delaware on June 27, 2007. It acquired all assets, intellectual property rights, and the exclusive right to sell franchises for Beef 'O' Brady's Family Sports Pubs from its predecessor, Family Sports Concepts, Inc. (FSCI), in July 2007. FSCI had been offering these franchises since 1998. FSC Franchise Co., LLC is also affiliated with Brass Tap Franchisor, LLC and Newk's Franchise Company, LLC.
Financial Overview
Investment Range
$812,850 - $1,457,375
Franchise Fee (High)
$25,000
Royalty %
5%
Marketing %
2.5%
Equipment Costs (Low)
$672,000
Equipment Costs (High)
$1,213,000
Working Capital
$27,500
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The financial statements for FSC Franchise Holdings, LLC and its subsidiaries indicate net losses of $(739,889) in 2024 and $(880,345) in 2023. As of December 31, 2024, the company had negative working capital, with current assets of $7,505,321 and current liabilities of $8,615,810. The company also has high total liabilities of $43,220,424 against member's equity of $917,073. Auditors did not express substantial doubt about the company's ability to continue as a going concern, but the Illinois and Maryland Attorney Generals have required financial assurances due to the franchisor's financial condition, indicating concerns about its ability to provide services and support.
Financing Details
Beef 'O' Brady's does not offer any direct or indirect financing options to its franchisees. This means that Beef 'O' Brady's will not provide loans or guarantee any notes, leases, or other obligations for franchisees.
Performance Metrics
Total US Locations
125
Franchised Units
99
Corporate Units
26
Avg Square Footage
4,000
Franchising Since
1998
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Beef 'O' Brady's has no litigation history that is required to be disclosed in this document.
Bankruptcy History
Beef 'O' Brady's has no bankruptcy history to report for the franchisor or its key personnel.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew, Beef 'O' Brady's franchisees must have substantially complied with their agreement during its term. They are required to spend at least $100,000 to re-image, remodel, and/or expand the Family Sports Pub to meet current brand standards. If they cannot maintain possession of the current site or if relocation is deemed necessary, they must secure and develop new approved premises. Franchisees and their owners must also sign the then-current successor franchise agreement and any ancillary agreements, provide general releases, satisfactorily complete any new training and refresher programs, and pay a successor franchise fee of $20,000 for the first successor franchise.
Training & Support Program
Franchisor Assistance
Beef 'O' Brady's provides various forms of assistance to its franchisees. Before opening, the franchisor helps with site selection and provides contact information for brand-certified architects to prepare design plans. They also recommend suppliers for equipment, fixtures, and inventory. Franchisees receive a Confidential Operating Manual and marketing manuals. The Beef 'O' Brady's Operator Training Program is provided for up to three trainees (operating partner, operating manager, and one optional trainee) at no program cost, though franchisees cover travel and living expenses. Optional assistance in establishing prices is also available. After opening, Beef 'O' Brady's offers ongoing advisory assistance based on reports and inspections, covering operational standards, purchasing, menus, recipes, supplier usage, and marketing programs. They provide updates to the Confidential Operating Manual and System Standards. The franchisor also inspects and observes operations, manages the Marketing and Development Fund, and offers additional or refresher training for a fee.
Initial Training Hours
366
Training Location
Certified training locations near Tampa, Florida and the Home Office in Tampa, Florida
Ongoing Support
After opening, Beef 'O' Brady's franchisees receive continuous advisory assistance on operations, advertising, merchandising, display, promotion, and public relations, based on submitted reports or inspections. The franchisor provides ongoing guidance through its Confidential Operating Manuals, bulletins, telephone, and in-office or on-site consultations regarding system standards, purchasing, menus, recipes, and marketing programs. Beef 'O' Brady's also inspects and observes operations, and administers the Marketing and Development Fund. Additional or refresher training programs are available upon request for an additional fee of $250 per day per corporate trainer, plus expenses. Remedial training may also be provided if deemed necessary, also for a fee of $250 per day per trainer plus expenses.
Franchise Requirements
Ideal Candidate Profile
Beef 'O' Brady's seeks individuals who are qualified and willing to commit the investment and effort to develop and operate multiple Family Sports Pubs. The operating partner or operating manager for each location must dedicate full time, energy, and best efforts to the business's management and operation. If the principal owner is not actively involved in daily management, they must hire an operating partner with satisfactory experience in managing and operating restaurants, capable of full-time, day-to-day management responsibilities. This operating partner must also complete the new franchisee application process, which includes a Discovery Day Process, a 'power shift' in a training restaurant, completion of the Beef's Operator Training Program, obtaining a training certificate, and fulfilling all pre-opening marketing obligations.
Industry Experience Required
Yes
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail
Owner Participation
Supervisory
Territory Type
Protected
Territory Size Requirements
Beef 'O' Brady's provides a protected geographic territory for each Family Sports Pub, which is defined as a 3-mile radius from the front door of the approved site.
Staffing Notes
Beef 'O' Brady's Family Sports Pubs require a dedicated staffing structure to ensure efficient operation and customer service. Before a Beef 'O' Brady's Family Sports Pub opens, the operating partner and a designated operating manager, referred to as the "Two Designated Operators," must complete a mandatory 3-week "Beef's Operator Training Program" and obtain a training certificate from a certified location near Tampa, Florida. An optional third trainee can also attend this program. The franchisor provides on-site assistance for opening. For a first Beef 'O' Brady's Family Sports Pub, four trainers are provided for five days during the "Training Week" (prior to opening) and for six days during "Opening Week." For a second Beef 'O' Brady's Family Sports Pub, two trainers are provided during "Training Week," along with two "Designated Trainer Employees" from the franchisee's existing locations, who continue to assist during "Opening Week." Throughout operations, the Beef 'O' Brady's Family Sports Pub must be under the direct supervision of at least one of the Two Designated Operators at all times. If the franchisee or their principal owner is not actively managing the business, the Two Designated Operators must be recruited, hired, and maintained. These individuals must have satisfactory experience, possess day-to-day management responsibility, be employed full-time, sign confidentiality and non-competition agreements, and complete all required training. Each manager, bartender, and other designated employees at a Beef 'O' Brady's Family Sports Pub must be certified in food safety training programs as required by state or local laws. Franchisees are responsible for training all other employees according to the System Standards outlined in the confidential operating manuals. If new management personnel are hired or Designated Operators are replaced after opening, they must be satisfactorily trained and certified at an approved training store at the franchisee's expense. The franchisor may also require remedial or refresher training for managers and experienced employees periodically.