Risk Score
Pending analysis
Investment Range
$395,750 - $713,600
Franchise Fee
$30,000
Min Cash Required
$50,000
Total US Locations
1
Business Summary
BP Smokehouse franchisees operate a fast-casual barbecue restaurant, offering a limited menu that includes sandwiches with side options and meat sold by the pound. The brand emphasizes a barbeque experience that originated from competitive BBQ circuits.
Corporate History
BP Smokehouse Franchising, LLC was formed in December 2024 to offer franchises. The BP Smokehouse brand itself has roots in competitive barbeque, with its managing member, Darren Price, competing in the circuit since 2000. After Mr. Price retired from law enforcement in January 2015, the first BP Smokehouse fast-casual restaurant was opened in June 2015. An affiliate, BP Smokehouse, LLC, has operated this location in Tomah, Wisconsin since January 2016. The brand name 'BP Smokehouse' represents the sir names, cultural backgrounds, and lineage of the founders, Darren and Myra J. Price. BP Smokehouse Franchising began offering franchises in January 2025.
Financial Overview
Investment Range
$395,750 - $713,600
Franchise Fee (Low)
$30,000
Franchise Fee (High)
$40,000
Minimum Cash Required
$50,000
Royalty %
5%
Marketing %
1%
Equipment Costs (Low)
$279,000
Equipment Costs (High)
$537,000
Working Capital
$62,500
Audited Financials
No
Offers Financing
No
Financial Health Notes
BP Smokehouse Franchising's financial statements are unaudited and include an opening balance sheet dated February 1, 2025. This balance sheet shows total assets of $1,000, total liabilities of $1,000, and total equity of $0. This indicates the franchisor entity began with minimal starting capital.
Financing Details
BP Smokehouse Franchising does not offer any direct or indirect financing options to its franchisees. Additionally, the franchisor does not guarantee any notes, leases, or other financial obligations that a franchisee might incur to establish or operate their business.
Performance Metrics
Total US Locations
1
Franchised Units
0
Corporate Units
1
Avg Square Footage
2,000
Franchising Since
2025
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
BP Smokehouse Franchising has no litigation history to report. The company has not been involved in any lawsuits, claims, or other legal proceedings that would be required for disclosure in its FDD.
Bankruptcy History
BP Smokehouse Franchising has no bankruptcy history to report. Neither the franchisor nor its key personnel have filed for bankruptcy or been involved in any bankruptcy proceedings.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their franchise agreement, BP Smokehouse franchisees must provide advance notice, be in full compliance with all contractual obligations to the franchisor and third parties, and renovate their business to meet the franchisor's current standards. They will also be required to sign the then-current form of franchise agreement and related documents, including a personal guaranty, and execute a general release of any claims against BP Smokehouse Franchising.
Training & Support Program
Franchisor Assistance
Before opening, BP Smokehouse Franchising assists with reviewing potential site locations, provides standard building plans, specifications, and decor requirements, and offers suggested staffing levels and hiring guidelines. Franchisees also receive initial training, advice on their market introduction plan, and two weeks of on-site opening support. After opening, the franchisor provides ongoing advice via phone or electronic communication for business improvement and problem resolution (in-person support may incur a fee), recommends pricing, suggests administrative and accounting procedures, manages the Marketing Fund, and maintains the brand's website.
Initial Training Hours
61
Training Location
Tomah, WI, at franchisee's location, or virtual
Ongoing Support
BP Smokehouse Franchising provides ongoing advice to franchisees via telephone or electronic communication for improving their business and resolving operational issues. If in-person support is requested, a daily fee plus expenses may apply. The franchisor also provides recommended prices for products and services, recommended administrative, bookkeeping, accounting, and inventory control procedures. BP Smokehouse Franchising manages the Marketing Fund and maintains the brand's website. The franchisor may also require the Principal Executive or other employees to complete additional training programs at any time.
Franchise Requirements
Ideal Candidate Profile
BP Smokehouse seeks individuals who may not necessarily participate in the direct daily operation of their business, though involvement is recommended. Franchisees must designate a Principal Executive who holds at least 10% ownership, is primarily responsible for the business, and possesses decision-making authority. This Principal Executive must complete all required training programs and attend mandatory meetings. For franchisees looking to open three or more units, there is a requirement to hire a Regional Manager to oversee operations, indicating a preference for candidates capable of scaling and managing multiple locations. Franchisees are solely responsible for all employment decisions and management of their staff.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail
Owner Participation
Absentee Allowed
Territory Type
Exclusive
Territory Size Requirements
BP Smokehouse franchisees receive a territory defined by either a population of approximately 50,000 to 100,000 people or a 5-mile radius around their business location. The franchisor may also use other geographical boundaries such as county lines, streets, or natural features to define the territory.
Staffing Notes
BP Smokehouse Franchising provides suggested staffing levels and hiring guidelines to franchisees, though all hiring decisions and employment conditions are the franchisee's responsibility. The franchised business must always be managed and staffed by at least one individual who has successfully completed the Owner/Operator Module of the franchisor's initial training program. Additionally, if a franchisee chooses to open three or more units, they will be required to hire a Regional Manager to oversee these multiple locations.