Adam & Eve vs BOCONCEPT FRANCHISE, INC.
Compare FDD disclosures, investment range, royalty and ad fund burden, SBA lending outcomes, Item 20-style unit movement, Item 19 transparency, and data-confidence caveats with a permanent shareable URL.
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Adam & Eve
Retail
Investment
$105K to $388K
Franchise fee
$30,000
Item 19 status
Revenue Only
Confidence
High Confidence
Units
5
BOCONCEPT FRANCHISE, INC.
Retail
Investment
$421K to $878K
Franchise fee
$30,000
Item 19 status
Limited Data
Confidence
High Confidence
Units
21
Lower entry cost
Leans left
Based on disclosed minimum initial investment only; buyer cash needs may be higher after working capital, lease, and financing assumptions.
Better disclosed economics
Adam & Eve
Uses the same Item 19 transparency hierarchy shown on franchise pages and rankings.
Lower SBA default risk
Even
Treat low-loan brands carefully; sample size and SBA borrower mix matter.
| Metric | Adam & Eve | BOCONCEPT FRANCHISE, INC. |
|---|---|---|
Franchise Fee From disclosed FDD fee data when available; excludes buyer-specific legal, diligence, and financing costs. | $30,000 | $30,000 |
Min Investment Lower bound of disclosed initial investment range, not a recommended capital budget. | $105K | $421K |
Max Investment Upper end of FDD range; still reconcile to site, lease, buildout, and working-capital assumptions. | $388K | $878K |
Royalty Rate Ongoing royalty burden before local store economics and owner salary. | 5.0% | 8.0% |
Ad Fund Rate National/brand fund rate when disclosed; local marketing may be additive. | 1.5% | 3.0% |
Total Ongoing Burden Royalty plus ad fund when available. | 6.5% | 11.0% |
Median Revenue (Item 19) Only meaningful when the franchisor provides an Item 19 financial-performance representation. | $721K | $2.2M |
Cash-on-Cash Return Estimated when revenue and margin assumptions are available. | 16.1% | 3.4% |
Payback Period | 6.2 yrs | 29.4 yrs |
Revenue per Dollar Invested | 2.92x | 3.41x |
Franchised Units Latest disclosed franchised-unit count in the corpus. | 5 | 21 |
1-Year Net Unit Change Item 20-style system movement signal; investigate transfers, closures, and refranchising before assuming organic growth. | 6 | N/A |
Net Unit Growth Rate | N/A | N/A |
Net Closure Rate Net closure proxy based on disclosed unit change. | N/A | N/A |
SBA Default Rate Historical SBA performance for matched loans, not a prediction for a new buyer or location. | N/A | 0.0% |
SBA Loan Count Use this to judge whether SBA default data is statistically meaningful. | N/A | 2 |
Average SBA Loan Size | N/A | $213K |
Item 19 Status Canonical transparency badge used across franchise, ranking, and compare surfaces. | Revenue Only | Limited Data |
Has Item 19 | ✓ Yes | ✓ Yes |
Data Confidence Derived from the same data-quality thresholds used on franchise pages. | High Confidence · 100/100 | High Confidence · 100/100 |
What stands out
- • Adam & Eve discloses an initial investment range of $105K to $388K, while BOCONCEPT FRANCHISE, INC. discloses $421K to $878K. Treat these as FDD ranges, not a full purchase budget.
- • Adam & Eve shows an Item 19 financial-performance disclosure; BOCONCEPT FRANCHISE, INC. shows an Item 19 financial-performance disclosure. Missing Item 19 data should narrow confidence, not automatically kill a brand.
- • Adam & Eve has 5 franchised units versus 21 for BOCONCEPT FRANCHISE, INC.; use one-year net unit movement and closure proxies as early diligence signals, not final underwriting.
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Last updated: May 2026