Everbowl logo

Everbowl Franchise

Audited Financials
Food and BeverageEst. 2018Vista, CA
www.everbowl.com

Risk Score

Pending analysis

Investment Range

$189,300 - $370,850

Franchise Fee

$30,000

Min Cash Required

$6,000

Total US Locations

91

Business Summary

everbowl operates retail establishments that specialize in the sale of health food bowls, smoothies, toppings, beverages, and other related products. The business focuses on offering superfood-based items in a casual setting.

Corporate History

everbowl Franchise, LLC was formed in California on September 20, 2018, primarily to serve as the franchisor for everbowl Stores. The company began selling everbowl franchises in December 2019. While the franchisor itself has never operated everbowl Stores, its affiliates have been operating them since 2016. For a period between April 2021 and May 2023, everbowl also offered area representative franchises, with 2 such representatives in the system as of December 31, 2024. Aside from these activities, everbowl has not conducted any other business or offered franchises in other lines of business.

Financial Overview

Investment Range

$189,300 - $370,850

Franchise Fee (Low)

$30,000

Franchise Fee (High)

$39,750

Minimum Cash Required

$6,000

Royalty %

6%

Marketing %

2%

Equipment Costs (Low)

$94,000

Equipment Costs (High)

$154,500

Working Capital

$10,500

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

The franchisor's financial condition, as noted in the FDD's Special Risks section, raises questions about everbowl's financial ability to consistently provide services and support to its franchisees. The financial statements show that in 2023, everbowl had a member's deficit equity of $(46,964). Although this improved to a positive equity of $334,961 in 2024, the FDD itself highlights this as a risk. Additionally, in 2023, everbowl derecognized a $500,000 balance owed from its parent company, recording it as a non-cash equity distribution. While the auditors issued an unqualified opinion on the financial statements, prospective franchisees should consider these points when evaluating everbowl's long-term financial stability.

Financing Details

everbowl does not directly or indirectly offer any financing arrangements to its franchisees. This means that everbowl will not provide loans for the initial franchise fee, equipment, or working capital, nor will it guarantee any notes, leases, or other financial obligations for its franchisees.

Performance Metrics

Total US Locations

91

Franchised Units

82

Corporate Units

9

Avg Square Footage

900

Franchising Since

2019

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

To renew their everbowl franchise, franchisees must provide written notice between 90 and 120 days before their current agreement expires. Renewal is conditional on the franchisee being in substantial compliance throughout the expiring term and in full compliance at expiration with their Franchise Agreement and store lease. They must also maintain possession of the store location for the new term and update the store to everbowl's then-current image and standards. Franchisees will need to sign everbowl's then-current Franchise Agreement and potentially a general release, without paying an additional initial franchise fee.

Training & Support Program

Franchisor Assistance

everbowl provides various forms of assistance to its franchisees. Before opening, everbowl assists with site selection guidelines, proposed site evaluations (at the franchisee's expense), and provides prototypical architectural and design plans. It also gives access to its confidential operations manual and a list of approved suppliers. Franchisees must purchase and everbowl's affiliate will supply and install the store build kit, including interior signage and millwork. Initial training is provided for the franchisee's designated owners, Operating Principal, Store Lead, and two other store employees. For opening, everbowl sends one of its personnel to provide up to one week of on-site pre-opening and opening assistance, for which a fee is charged. After opening, everbowl provides continued access to its System Standards and Operations Manual, which includes information on approved suppliers. It also administers the Marketing Fund and offers additional or refresher training as needed. Upon a franchisee's reasonable request or as everbowl deems appropriate, its representatives may provide additional on-site training, subject to personnel availability and a daily fee plus expenses.

Initial Training Hours

35

Training Location

Franchisor headquarters in Vista, CA or at applicable area representative's training center (if any), or an operating everbowl Store in San Diego, CA.

Ongoing Support

After opening, everbowl provides ongoing support to its franchisees by granting continued access to its System Standards and Operations Manual, which includes information on approved and designated suppliers. It also administers the Marketing Fund and offers additional or refresher training programs. Upon a franchisee's reasonable request or as everbowl deems appropriate, its representatives may provide additional on-site training to store personnel, for which a daily fee plus expenses are charged.

Franchise Requirements

Ideal Candidate Profile

everbowl does not explicitly provide a detailed 'ideal candidate profile' with specific traits in the FDD, beyond financial qualifications and operational requirements. However, everbowl does offer a 15% discount on the initial franchise fee for qualifying veterans who have been honorably discharged. For entities, everbowl requires a designated Operating Principal who holds at least a 10% ownership interest and is responsible for supervising the store's management. This implies a need for individuals with management capabilities and a certain level of financial investment and ownership within the franchise.

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

retail

Owner Participation

supervisory

Territory Type

non-exclusive

Territory Size Requirements

For individual everbowl franchises, the FDD does not specify quantitative territory size requirements like a specific radius or population count; instead, everbowl grants the right to operate a store at a 'specific location.' For multi-unit development agreements, everbowl assigns a 'Development Area' that is described by city limits, official geopolitical boundaries, or is delineated on a map attached to the agreement. However, no specific size metrics (e.g., square mileage, population figures) are provided for these development areas.

Staffing Notes

everbowl locations require a Store Lead to be the on-premises supervisor. The franchisee's designated Operating Principal must oversee the store's management but is not required to serve as the Store Lead. Initial training is provided for the Operating Principal, the Store Lead, and two other store employees. All Store Leads, including replacements, must complete everbowl's initial training program before they can supervise customers. Additionally, everbowl requires its franchisees to maintain a competent, trained staff who can ensure good customer relations and adhere to a prescribed dress code.