Is Black Bear Diner a franchise?

Yes. Black Bear Diner offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 92 franchised and 70 company-owned outlets (2025 FDD, Item 20, PDF p. 52).

How much does it cost to open a Black Bear Diner franchise?

The Black Bear Diner Franchise Disclosure Document reports an estimated initial investment of $1,546,200–$2,349,000 (2025 FDD, Item 7, PDF p. 19). This is the franchisor's disclosed estimate, not a quote.

What is the Black Bear Diner initial franchise fee?

The disclosed initial franchise fee for a standard single unit is $55,000 (2025 FDD, Item 5, PDF p. 13). Other fee options (for example multi-unit or conversion) are listed separately in the report.

What ongoing fees does Black Bear Diner charge?

The disclosed ongoing royalty is 4.5% (2025 FDD, Item 6, PDF p. 14). The brand or advertising fund contribution is 1% (2025 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6.

Does Black Bear Diner disclose financial performance (Item 19)?

Yes. The Black Bear Diner FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 48). Figures apply only to the locations and period each one covers.

How many Black Bear Diner locations are there?

The FDD reports 162 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 52). Existing locations do not indicate territory availability.

Is Black Bear Diner a good franchise to buy?

Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

Black Bear Diner

Franchise research report · reviewed 2025 disclosure data

Researching Black Bear Diner franchise opportunities? Every figure below is cited to the FDD.

Reviewed sources

Black Bear Diner franchise specializes in comfort food dining with a rustic, family-friendly atmosphere featuring hearty American classics like chicken fried st

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Black Bear Diner quick facts

Is Black Bear Diner a franchise?: Yes. Black Bear Diner offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 92 franchised and 70 company-owned outlets (2025 FDD, Item 20, PDF p. 52).
How much does it cost to open a Black Bear Diner franchise?: The Black Bear Diner Franchise Disclosure Document reports an estimated initial investment of $1,546,200–$2,349,000 (2025 FDD, Item 7, PDF p. 19). This is the franchisor's disclosed estimate, not a quote. Details
What is the Black Bear Diner initial franchise fee?: The disclosed initial franchise fee for a standard single unit is $55,000 (2025 FDD, Item 5, PDF p. 13). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
What ongoing fees does Black Bear Diner charge?: The disclosed ongoing royalty is 4.5% (2025 FDD, Item 6, PDF p. 14). The brand or advertising fund contribution is 1% (2025 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
Does Black Bear Diner disclose financial performance (Item 19)?: Yes. The Black Bear Diner FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 48). Figures apply only to the locations and period each one covers. Details
How many Black Bear Diner locations are there?: The FDD reports 162 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 52). Existing locations do not indicate territory availability. Details
Is Black Bear Diner a good franchise to buy?: Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

From reviewed FDD figures only. Not a recommendation or projection.

What the disclosures show

1Opening costs are estimated at $1,546,200 – $2,349,000 in the 2025 FDD (Item 7); several initial fee options apply.
2Item 19 covers 27 separate groups: revenue for 65 locations; revenue for 22 locations; revenue for 86 locations; EBITDA and revenue and other measures and costs for 65 locations; revenue for 65 locations; revenue for 27 locations; revenue for 27 locations; EBITDA and costs for 63 locations; costs for 65 locations; costs for 63 locations; revenue for 21 locations; revenue for 22 locations; revenue for 21 locations; revenue for 21 locations; revenue for 21 locations; revenue for 63 locations; revenue for 29 locations; revenue for 28 locations; revenue for 29 locations; revenue for 86 locations; revenue for 27 locations; revenue for 81 locations; revenue for 65 locations; revenue for 63 locations; revenue for 81 locations; revenue and costs and other measures and EBITDA for 63 locations; costs for 65 locations. They are not combined.
3Outlets grew by 6 in 2024, to 162 (United States systemwide, as labeled in the FDD, Item 20).

From reviewed FDD figures only. Not a recommendation or projection.

Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

Black Bear Diner head-to-head

Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

Applebee's Neighborhood Grill + Bar

Compare head-to-head

Black Bear DinerVS

Brinker International Payrollmpany L P

Costs · Items 5–7

What does it cost to open?

Estimated opening costs and the fees payable to the franchisor.

Startup Investment — Item 7

Total estimated initial investment

2025 FDD · Item 7 · PDF p. 19

Standard single-unit franchise fee

2025 FDD · Item 5 · PDF p. 13
Discounted and multi-unit options are separate; see all fees.

Ongoing Fees — Item 6

Selected recurring charges; payment bases and conditions remain attached to each fee.

RoyaltyMain ongoing fee

23 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

Financial Performance — Item 19

What results are disclosed—and for which locations?

27 separate populations, shown apart. Revenue is not owner income.

65 locations

Revenue · 65 locations

Who is counted: Company-affiliated restaurants, FY2024 All third group
Excluded: The table includes restaurants open and operating for the entire fiscal year; 5 company-affiliated restaurants newly opened during FY2024 were excluded (PDF p.47).
Method: Internal accounting records; unaudited.

22 locations

Revenue · 22 locations

Who is counted: Company-affiliated restaurants, FY2024 Top third group
Excluded: The table includes restaurants open and operating for the entire fiscal year; 5 company-affiliated restaurants newly opened during FY2024 were excluded (PDF p.47).
Method: Internal accounting records; unaudited.

86 locations

Revenue · 86 locations

Who is counted: Franchised Restaurants, FY2024 All group
Excluded: For FY2024, the full-year franchised table excludes 3 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Franchisee sales reports; unaudited and unverified.

65 locations

EBITDA, revenue, costs and other measures · 65 locations

Who is counted: Company-affiliated Black Bear Diner Restaurants open and operating during full FY2024
Excluded: The FY2024 analysis excludes 5 company-affiliated restaurants newly opened during that fiscal year and not open for the full year.
Method: Historical Gross Sales and selected cost information from company-affiliated restaurant analysis; unaudited.

65 locations

Revenue · 65 locations

Who is counted: Company-affiliated Restaurants, FY2024 All group
Excluded: 5 company-affiliated restaurants newly opened during FY2024 were excluded because they did not operate the full fiscal year.
Method: Sales reports submitted by franchisees; unaudited and unverified.

27 locations

Revenue · 27 locations

Who is counted: Franchised Restaurants, FY2023 Middle third category
Excluded: For FY2023, the full-year franchised table excludes 7 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Sales reports submitted by franchisees; unaudited and unverified.

27 locations

Revenue · 27 locations

Who is counted: Franchised Restaurants, FY2023 Top third category
Excluded: For FY2023, the full-year franchised table excludes 7 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Sales reports submitted by franchisees; unaudited and unverified.

63 locations

EBITDA and costs · 63 locations

Who is counted: Company-affiliated Black Bear Diner Restaurants open and operating for full Fiscal Year 2023, ended December 27, 2023
Excluded: The 2023 fiscal year table excludes 7 franchise Restaurants that were newly opened during the fiscal year ended December 27, 2023 and therefore not open the full fiscal year, 3 franchise Restaurants located inside casinos, and 2 company-affiliated Restaurant that were newly opened during the fiscal year ended December 27, 2023 and therefore not open the full fiscal year.
Method: Historical Gross Sales and selected cost information from company-affiliated restaurant analysis; unaudited.

65 locations

Costs · 65 locations

Who is counted: Company-affiliated Black Bear Diner restaurants open for full Fiscal Year 2024; table presents selected costs and estimated franchise expenses
Excluded: The 2024 fiscal year table excludes 3 franchise Restaurants that were newly opened during the fiscal year ended December 25, 2024 and therefore not open the full fiscal year, 3 franchise Restaurants located inside casinos, and 5 company-affiliated Restaurant that were newly opened during the fiscal year ended December 25, 2024 and therefore not open the full fiscal year.
Method: Historical Gross Sales and selected cost information from company-affiliated restaurant analysis; unaudited.

63 locations

Costs · 63 locations

Who is counted: Company-affiliated Black Bear Diner restaurants open for full Fiscal Year 2023; table presents selected costs and estimated franchise expenses
Excluded: The 2023 fiscal year table excludes 7 franchise Restaurants that were newly opened during the fiscal year ended December 27, 2023 and therefore not open the full fiscal year, 3 franchise Restaurants located inside casinos, and 2 company-affiliated Restaurant that were newly opened during the fiscal year ended December 27, 2023 and therefore not open the full fiscal year.
Method: Historical Gross Sales and selected cost information from company-affiliated restaurant analysis; unaudited.

21 locations

Revenue · 21 locations

Who is counted: Company-affiliated restaurants, FY2024 Middle third group
Excluded: The table includes restaurants open and operating for the entire fiscal year; 5 company-affiliated restaurants newly opened during FY2024 were excluded (PDF p.47).
Method: Internal accounting records; unaudited.

22 locations

Revenue · 22 locations

Who is counted: Company-affiliated restaurants, FY2024 Bottom third group
Excluded: The table includes restaurants open and operating for the entire fiscal year; 5 company-affiliated restaurants newly opened during FY2024 were excluded (PDF p.47).
Method: Internal accounting records; unaudited.

21 locations

Revenue · 21 locations

Who is counted: Company-affiliated Restaurants Fiscal Year 2023 Top third
Excluded: The FY2023 full-operation table excludes 2 company-affiliated restaurants newly opened during FY2023.
Method: Internal accounting records; unaudited.

21 locations

Revenue · 21 locations

Who is counted: Company-affiliated Restaurants Fiscal Year 2023 Middle third
Excluded: The FY2023 full-operation table excludes 2 company-affiliated restaurants newly opened during FY2023.
Method: Internal accounting records; unaudited.

21 locations

Revenue · 21 locations

Who is counted: Company-affiliated Restaurants Fiscal Year 2023 Bottom third
Excluded: The FY2023 full-operation table excludes 2 company-affiliated restaurants newly opened during FY2023.
Method: Internal accounting records; unaudited.

63 locations

Revenue · 63 locations

Who is counted: Company-affiliated Restaurants Fiscal Year 2023 All third
Excluded: The FY2023 full-operation table excludes 2 company-affiliated restaurants newly opened during FY2023.
Method: Internal accounting records; unaudited.

29 locations

Revenue · 29 locations

Who is counted: Franchised Restaurants Fiscal Year 2024 Top third
Excluded: The FY2024 full-operation table excludes 3 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Sales reports submitted by franchisees; unaudited and unverified.

28 locations

Revenue · 28 locations

Who is counted: Franchised Restaurants Fiscal Year 2024 Middle third
Excluded: The FY2024 full-operation table excludes 3 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Sales reports submitted by franchisees; unaudited and unverified.

29 locations

Revenue · 29 locations

Who is counted: Franchised Restaurants Fiscal Year 2024 Bottom third
Excluded: The FY2024 full-operation table excludes 3 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Sales reports submitted by franchisees; unaudited and unverified.

86 locations

Revenue · 86 locations

Who is counted: Franchised Restaurants Fiscal Year 2024 All third
Excluded: The FY2024 full-operation table excludes 3 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Sales reports submitted by franchisees; unaudited and unverified.

27 locations

Revenue · 27 locations

Who is counted: Franchised Restaurants, FY2023 Bottom third category
Excluded: For FY2023, the full-year franchised table excludes 7 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Sales reports submitted by franchisees; unaudited and unverified.

81 locations

Revenue · 81 locations

Who is counted: Franchised Restaurants, FY2023 All third category
Excluded: For FY2023, the full-year franchised table excludes 7 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Sales reports submitted by franchisees; unaudited and unverified.

65 locations

Revenue · 65 locations

Who is counted: Company-affiliated Restaurants open and operating for full FY2024
Excluded: 5 company-affiliated restaurants newly opened during FY2024 were excluded because they did not operate the full fiscal year.
Method: Internal accounting records; unaudited.

63 locations

Revenue · 63 locations

Who is counted: Company-affiliated Restaurants open and operating for full FY2023
Excluded: 2 company-affiliated restaurants newly opened during FY2023 were excluded because they did not operate the full fiscal year.
Method: Internal accounting records; unaudited.

81 locations

Revenue · 81 locations

Who is counted: Franchised Restaurants, FY2023 full-year analysis
Excluded: The FY2023 full-year franchised analysis excludes 7 newly opened franchise restaurants and 3 franchise restaurants located inside casinos.
Method: Franchisee sales reports; unaudited and unverified.

63 locations

Revenue, costs, EBITDA and other measures · 63 locations

Who is counted: Company-affiliated Black Bear Diner Restaurants open and operating for the full 2023 fiscal year ended December 27, 2023
Excluded: The 2023 fiscal year table excludes 7 franchise Restaurants that were newly opened during the fiscal year ended December 27, 2023 and therefore not open the full fiscal year, 3 franchise Restaurants located inside casinos, and 2 company-affiliated Restaurant that were newly opened during the fiscal year ended December 27, 2023 and therefore not open the full fiscal year.
Method: Historical Gross Sales and selected cost information from company-affiliated restaurant analysis; unaudited.

65 locations

Costs · 65 locations

Who is counted: Company-affiliated Black Bear Diner Restaurants open and operating for full Fiscal Year 2024, ended December 25, 2024
Excluded: The 2024 fiscal year table excludes 3 franchise Restaurants that were newly opened during the fiscal year ended December 25, 2024 and therefore not open the full fiscal year, 3 franchise Restaurants located inside casinos, and 5 company-affiliated Restaurant that were newly opened during the fiscal year ended December 25, 2024 and therefore not open the full fiscal year.
Method: Historical Gross Sales and selected cost information from company-affiliated restaurant analysis; unaudited.

These groups are never combined.

Outlet Changes — Item 20

How has the outlet count changed?

United States systemwide, as labeled in the FDD · counts as of 2024 of each year.

2025 FDD · Item 20 · PDF p. 52

Net +9 outlets, 2022–2024

Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

Questions to investigate

Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

For the franchisor

Which line items in the 2025 Item 7 estimate ($1,546,200 – $2,349,000) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 156 to 162 in 2024. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?

For current and former owners

How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?

For your advisors

Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

Sources & vintage history

Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

Citations (2025 FDD)

[1]Estimated initial investment — Item 7 · PDF p. 19
[2]Standard initial franchise fee — Item 5 · PDF p. 13
[3]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated restaurants, FY2024 All third group · PDF p. 48
[4]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated restaurants, FY2024 Top third group · PDF p. 48
[5]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants, FY2024 All group · PDF p. 49
[6]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Black Bear Diner Restaurants open and operating during full… · PDF p. 50
[7]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Restaurants, FY2024 All group · PDF p. 48
[8]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants, FY2023 Middle third category · PDF p. 49
[9]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants, FY2023 Top third category · PDF p. 48
[10]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Black Bear Diner Restaurants open and operating for full Fis… · PDF p. 50; PDF p. 51
[11]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Black Bear Diner restaurants open for full Fiscal Year 2024;… · PDF p. 51
[12]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Black Bear Diner restaurants open for full Fiscal Year 2023;… · PDF p. 51
[13]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated restaurants, FY2024 Middle third group · PDF p. 48
[14]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated restaurants, FY2024 Bottom third group · PDF p. 48
[15]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Restaurants Fiscal Year 2023 Top third · PDF p. 48
[16]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Restaurants Fiscal Year 2023 Middle third · PDF p. 48
[17]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Restaurants Fiscal Year 2023 Bottom third · PDF p. 48
[18]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Restaurants Fiscal Year 2023 All third · PDF p. 48
[19]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants Fiscal Year 2024 Top third · PDF p. 48
[20]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants Fiscal Year 2024 Middle third · PDF p. 48
[21]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants Fiscal Year 2024 Bottom third · PDF p. 48
[22]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants Fiscal Year 2024 All third · PDF p. 48
[23]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants, FY2023 Bottom third category · PDF p. 49
[24]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants, FY2023 All third category · PDF p. 49
[25]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Restaurants open and operating for full FY2024 · PDF p. 48
[26]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Restaurants open and operating for full FY2023 · PDF p. 48
[27]Item 19 — Locations counted not stated in the reviewed record — Franchised Restaurants, FY2023 full-year analysis · PDF p. 49
[28]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Black Bear Diner Restaurants open and operating for the full… · PDF p. 50
[29]Item 19 — Locations counted not stated in the reviewed record — Company-affiliated Black Bear Diner Restaurants open and operating for full Fis… · PDF p. 51
[30]Outlet counts — Item 20, Table 1 · PDF p. 52

"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

Territory & operations

These are contract disclosures, not confirmation that any territory is currently available.

Legal & agreement

Franchisor financial statements

Fiscal year	Measure	Reported value
2024	gift card contract liabilitiesMore than one value recorded for this year — open the FDD source before comparing	$1,355,089
2024	current portion of franchise fee deposits	$151,000
2024	long-term portion of franchise fee deposits	$360,000
2024	total liabilities	$4,366,857
2024	royalty	$10,791,143
2024	advertising	$2,479,566
2024	payroll and benefits	$3,655,598
2024	advertising and related expenses	$4,343,464
2024	travel and lodging	$753,847
2024	net increase	-$4,746,538
2024	cash, cash equivalents and restricted cash, end of year	$2,723,960
2024	total assets	$37,234,843

These figures describe the franchisor company, not individual franchise locations.

SBA-backed loans to franchisees

Loading…

Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

At a glance

Business history

Not reviewed

Owner participation

Not reviewed

Territory language

Litigation disclosure

Not reviewed

Bankruptcy disclosure

Not reviewed

Agreement term

Not reviewed

Reader notes on wording

Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

Item 21 · PDF p. 141 · 2025 FDD
Our summary: Current portion of SBA loan under Paycheck Protection Program — 2023
“Current portion of SBA loan under Paycheck Protection Program 29,031”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Gift card contract liabilities — 2023
“Gift card contract liabilities 1,276,635”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Cash, cash equivalents and restricted cash, beginning of year — 2023
“Cash, cash equivalents and restricted cash, beginning of year 5,141,712”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Total expenses — 2024
“Total expenses 15,900,762”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Amortization of intangible assets and goodwill — 2023
“Amortization of intangible assets and goodwill 3,292,515”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Cash and cash equivalents — 2023
“Cash and cash equivalents 6,875,480”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Net cash used in financing activities — 2023
“Net cash used in financing activities (7,993,742)”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Intangible assets, net — 2024
“Intangible assets, net 26,614,471”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Accounts receivable — 2023
“Accounts receivable 856,428”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Property and equipment, net — 2024
“Property and equipment, net 575,846”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Property and equipment, net — 2023
“Property and equipment, net 514,622”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Intangible asset - related-party trademark license agreements, net — 2024
“Intangible asset - related-party trademark license agreements, net 4,319,032”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Accounts payable — 2023
“Accounts payable 521,899”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Advertising, related party — 2024
“Advertising, related party 1,855,249”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Depreciation and amortization of property and equipment — 2023
“Depreciation and amortization of property and equipment 86,353”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Right-of-use lease assets, net — 2024
“Right-of-use lease assets, net 510,192”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Reduction of operating lease liabilities — 2023
“Reduction of operating lease liabilities (95,331)”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Amortization of intangible assets — 2023
“Amortization of intangible assets 3,292,515”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Related-party receivable — 2024
“Related-party receivable 768,096”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Total current assets — 2023
“Total current assets 9,436,666”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Royalty, related-party — 2024
“Royalty, related-party 8,345,526”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Accrued payroll and related liabilities — 2023
“Accrued payroll and related liabilities 614,625”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Depreciation and amortization of property and equipment — 2023
“Depreciation and amortization of property and equipment 86,353”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Profits interest units compensation — 2023
“Profits interest units compensation 50,000”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Accounts receivable — 2023
“Accounts receivable 12,843”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Total current liabilities — 2023
“Total current liabilities 4,665,531”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Goodwill, net — 2023
“Goodwill, net 583,199”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Total assets — 2023
“Total assets 45,087,357”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Advertising — 2023
“Advertising 2,477,330”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Intangible asset - related-party trademark license agreements, net — 2023
“Intangible asset - related-party trademark license agreements, net 4,690,735”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Royalty, related-party — 2023
“Royalty, related-party 8,041,863”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Net increase (decrease) in cash, cash equivalents and restricted cash — 2023
“Net increase (decrease) in cash, cash equivalents and restricted cash 2,328,786”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Net income — 2023
“Net income 6,833,879”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Operating lease liability, net of current portion — 2023
“Operating lease liability, net of current portion 557,925”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Selling, general and administrative — 2023
“Selling, general and administrative 1,326,093”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Advertising, related party — 2023
“Advertising, related party 1,801,407”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Accrued payroll and related liabilities — 2023
“Accrued payroll and related liabilities 2,174,220”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Member distributions — 2023
“Member distributions (7,965,000)”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Total revenues — 2023
“Total revenues 22,991,642”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Accounts payable — 2023
“Accounts payable 229,428”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Prepaid expenses and other assets — 2023
“Prepaid expenses and other assets 313,516”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Goodwill, net — 2024
“Goodwill, net 307,737”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Long-term portion of SBA loan under Paycheck Protection Program — 2024
“Long-term portion of SBA loan under Paycheck Protection Program 9,839”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Total expenses — 2023
“Total expenses 16,157,763”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Related-party receivable — 2023
“Related-party receivable 796,224”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 144 · 2025 FDD
Our summary: Related-party receivable — 2023
“Related-party receivable (101,351)”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 144.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Travel and lodging — 2023
“Travel and lodging 717,117”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 142 · 2025 FDD
Our summary: Office supplies — 2023
“Office supplies 37,976”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 142.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Other accrued liabilities — 2023
“Other accrued liabilities 563,608”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.
Item 21 · PDF p. 141 · 2025 FDD
Our summary: Operating lease liability, net of current portion — 2024
“Operating lease liability, net of current portion 452,731”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 141.

Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.

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Black Bear Diner

Headline figures

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What does it cost to open?

Startup Investment — Item 7

Ongoing Fees — Item 6

What results are disclosed—and for which locations?

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How has the outlet count changed?

Questions to investigate

For the franchisor

For current and former owners

For your advisors

Sources & vintage history

Citations (2025 FDD)

Territory & operations

Legal & agreement

Franchisor financial statements

SBA-backed loans to franchisees

Related research

Head-to-head comparisons

At a glance

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