Bonita Bowls Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$147,900 - $474,200
Franchise Fee
$15,000
Total US Locations
4
Business Summary
Bonita Bowls operates healthy fast-casual restaurants that offer a variety of health food items such as smoothie bowls, poke bowls, wraps, salads, smoothies, toast, and waffles. These products are available for customers to enjoy at the restaurant premises or through delivery services under the Bonita Bowls brand.
Corporate History
BB Franchisor LLC was organized in Florida on January 1, 2023, and operates under the name "Bonita Bowls." The company began offering Bonita Bowls franchises in January 2023. While BB Franchisor LLC itself is a new entity, its affiliates have a longer history in the healthy fast-casual restaurant business. An affiliate, BB Glen Ellyn LLC, has operated a similar business since November 2021. Another affiliate, SB Elmhurst LLC, operated a Sweetberry Bowls business from November 2017 to May 2022 before converting it into a Bonita Bowls business in May 2022 at the same location.
Financial Overview
Investment Range
$147,900 - $474,200
Franchise Fee (Low)
$15,000
Franchise Fee (High)
$35,000
Royalty %
6%
Marketing %
1.5%
Equipment Costs (Low)
$73,500
Equipment Costs (High)
$305,000
Working Capital
$30,000
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
Bonita Bowls' financial condition, as noted in the FDD's special risks section, raises questions about the franchisor's ability to provide services and support. As of December 31, 2024, Bonita Bowls had a negative shareholder equity of $60,896, meaning its total liabilities exceeded its assets. The company also reported a net loss of $34,467 for the year ended December 31, 2024. A significant portion of Bonita Bowls' liabilities includes $107,957 in loans from various related parties. These loans have no stated interest rate and are only repayable once Bonita Bowls generates future positive cashflows.
Financing Details
Bonita Bowls offers limited direct financing only for leased space through its affiliate. If an affiliate has a suitable location and the franchisee qualifies, the affiliate may lease the premises to the franchisee. This involves paying a security deposit of $4,000 to $8,000 and typically a monthly rent of $2,000 to $4,000, with no stated interest rate on the lease itself. A personal guarantee of the lease by the franchisee's owners is required. If a franchisee defaults on the lease, Bonita Bowls retains the right to terminate the franchise agreement, collect 105% of unpaid rent with a 12% annual interest rate, and seek collection costs including attorneys' fees. Bonita Bowls does not provide financing for any other items like the franchise fee, equipment, or working capital, nor does it arrange financing through third parties.
Performance Metrics
Total US Locations
4
Franchised Units
0
Corporate Units
4
Avg Square Footage
1,100
Franchising Since
2023
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Bonita Bowls has no litigation to report in this document.
Bankruptcy History
Bonita Bowls has no bankruptcy history to report in this document.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their Bonita Bowls franchise agreement, franchisees must notify Bonita Bowls in writing between six and twelve months before their current term expires. They must be in good standing, meaning they have fully complied with all obligations and paid all amounts due under their existing agreement and any other agreements with Bonita Bowls or its affiliates. Franchisees must also sign Bonita Bowls' then-current standard franchise agreement, which could include new or different terms such as higher royalty fees, increased advertising contributions, or reduced territorial protection. Additionally, they are required to sign a general release of claims against Bonita Bowls and its affiliates. Franchisees and their designated managers must complete any current training Bonita Bowls requires. They must either keep their current approved location or secure a new approved site, and within 240 days of signing the new agreement, remodel, reimage, and modernize their Bonita Bowls business to meet current design and operational standards. Finally, Bonita Bowls franchisees must pay a renewal fee of $10,000 at least 30 days before signing the renewal agreement.
Training & Support Program
Franchisor Assistance
Bonita Bowls provides comprehensive support to its franchisees. Before opening, Bonita Bowls grants the right to use its trademarks and system, offers lists of designated and approved suppliers, and assists with location research, site selection, and approval, including real estate and demographic analysis. Franchisees receive typical floor plans and build-out specifications for their restaurant. Bonita Bowls also provides initial training for up to two owners and one designated manager, lasting approximately 7 to 10 days, followed by up to four days of on-site opening assistance at the franchisee's location. Franchisees also gain access to a confidential operations manual. For ongoing support, Bonita Bowls offers periodic advisory assistance and updates to the operations manual. The franchisor may provide additional training, seminars, meetings, or webinars for franchisees and managers, and hold national, regional, or local conferences. Bonita Bowls also conducts periodic inspections and evaluations of the franchised businesses to ensure quality standards. Additionally, Bonita Bowls may provide franchisees with a page or link on its main website for promotional purposes.
Initial Training Hours
78
Training Location
Glen Ellyn, IL
Ongoing Support
After opening, Bonita Bowls provides ongoing advisory assistance to its franchisees regarding business operations. Franchisees are informed of changes, additions, or supplements to the operations manual and are required to implement them. Bonita Bowls may also offer and require attendance at additional training programs, seminars, meetings, or webinars throughout the year, as well as national, regional, or local conferences to discuss updates on products, services, operational standards, and marketing. Bonita Bowls reserves the right to conduct periodic inspections and evaluations of franchised businesses to ensure adherence to standards. Additionally, Bonita Bowls may provide franchisees with a page or link on the main Bonita Bowls website for promotional purposes.
Franchise Requirements
Ideal Candidate Profile
Bonita Bowls is seeking qualified candidates who are principal owners and have at least a 10% ownership interest in the franchisee entity. This individual, designated as the Managing Owner, must dedicate full-time energy and best efforts to the development, promotion, management, and operation of the Bonita Bowls Business. Alternatively, a designated management employee can fulfill the direct on-site supervision role, committing substantial full-time effort on a daily basis. All required owners and designated managers must successfully complete Bonita Bowls' initial training program.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
retail
Owner Participation
full-time
Territory Type
exclusive
Territory Size Requirements
Each Bonita Bowls franchisee is granted an exclusive Protected Area, which will be specified in Exhibit A of the Franchise Agreement. This Protected Area must have a minimum population of 25,000 people and its boundaries will be defined using zip codes, county or city lines, or other geographic limits.
Staffing Notes
Bonita Bowls requires that at least one Managing Owner, who holds a minimum 10% ownership interest, must dedicate full-time effort to managing and operating the business. This Managing Owner, or an additional designated management employee, must successfully complete Bonita Bowls' initial training program and provide full-time, direct on-site supervision of the restaurant's operations. The Managing Owner and Designated Manager can be the same person. Franchisees are responsible for hiring a sufficient number of managers, assistant managers, and employees to ensure proper operation and customer service, adhering to standards outlined in the operations manual. Franchisees are solely responsible for all employment decisions and for complying with employment laws, including implementing a staff training program that meets Bonita Bowls' requirements.