PopUp Bagels
Franchise research report · reviewed 2026 disclosure data
Researching PopUp Bagels franchise opportunities? Every figure below is cited to the FDD.
PopUp Bagels franchise specializes in authentic New York-style bagels made fresh daily, bringing traditional bagel-making techniques to communities nationwide.
Headline figures
Quick facts
- How much does it cost to open a PopUp Bagels franchise?
- The PopUp Bagels Franchise Disclosure Document reports an estimated initial investment of $807,300 (2026 FDD, Item 7, PDF p. 22). This is the franchisor's disclosed estimate, not a quote. Details
- Does PopUp Bagels disclose financial performance (Item 19)?
- No. The reviewed PopUp Bagels FDD states that it does not make a financial performance representation in Item 19. Details
- How many PopUp Bagels locations are there?
- The FDD reports 46 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 61). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $807,300 in the 2026 FDD (Item 7); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets grew by 28 in 2025, to 46 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
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
2026 FDD · Item 7 · PDF p. 22
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
46 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?
No financial performance representation in Item 19
The reviewed 2026 FDD for PopUp Bagels has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 61
Net +38 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 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 2026 Item 7 estimate ($807,300) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
PopUp Bagels reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units went from 18 to 46 in 2025. 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?
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 (2026 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 22
- [2]Outlet counts — Item 20, Table 1 · PDF p. 61
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
No territory or operating requirements have been reviewed yet.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2026 | due from affiliateMore than one value recorded for this year — open the FDD source before comparing | $1,124,072 |
| 2026 | total franchise revenues | $523,263 |
| 2026 | total liabilities | $5,310,034 |
| 2026 | total operating expenses | $158,239 |
| 2026 | total member's | -$3,734,627 |
| 2026 | selling, advertising and marketing | $8,076 |
| 2026 | member's | -$3,734,627 |
| 2026 | liabilities & member's | $77,284 |
| 2026 | total current liabilities | $172,076 |
| 2026 | franchise operations and support expenses | $97,312 |
| 2026 | deemed distributions to parent | -$156,679 |
| 2026 | net loss | $366,299 |
| 2026 | deferred revenue | $506,042 |
| 2026 | prepaid expenses | $3,490 |
| 2026 | net increase in cash and cash equivalents | -$3,385 |
| 2026 | royalties receivable | $46,022 |
| 2026 | total current asset | $451,335 |
| 2026 | cash and cash equivalents | $405,313 |
| 2026 | total assets | $1,575,407 |
| 2026 | deferred revenue - current portion | $94,792 |
| 2026 | deferred revenue - non-current portion | $5,137,958 |
| 2026 | total liabilities & member's | $1,575,407 |
| 2026 | franchise fees | $36,458 |
| 2026 | royalties | $463,255 |
| 2026 | technology fees | $23,550 |
| 2026 | general and administrative | $52,851 |
| 2026 | interest income | -$1,276 |
| 2026 | member's equity, beginning | -$3,944,248 |
| 2026 | changes in operating assets and liabilities | -$2,942 |
| 2026 | due from affiliateMore than one value recorded for this year — open the FDD source before comparing | -$761,880 |
| 2026 | accounts payable and accrued expenses | $42,284 |
| 2026 | distributions to parent | -$156,679 |
| 2025 | prepaid expensesMore than one value recorded for this year — open the FDD source before comparing | $3,490 |
| 2025 | total current asset | $455,268 |
| 2025 | total member's | -$3,944,248 |
| 2025 | total liabilities & member's | $817,460 |
| 2025 | royalties | $511,046 |
| 2025 | deemed distributions to parent | -$4,097,172 |
| 2025 | due to parent | -$158,257 |
| 2025 | due from affiliateMore than one value recorded for this year — open the FDD source before comparing | -$362,192 |
| 2025 | royalties receivable | $43,080 |
| 2025 | cash and cash equivalents | $408,698 |
| 2025 | due from affiliateMore than one value recorded for this year — open the FDD source before comparing | $362,192 |
| 2025 | total assets | $817,460 |
| 2025 | liabilities & member's | $35,000 |
| 2025 | deferred revenue - current portion | $94,792 |
| 2025 | total current liabilities | $129,792 |
| 2025 | deferred revenue - non-current portion | $4,631,916 |
| 2025 | total liabilities | $4,761,708 |
| 2025 | franchise fees | $94,792 |
| 2025 | technology fees | $16,950 |
| 2025 | total franchise revenues | $622,788 |
| 2025 | franchise operations and support expenses | $243,072 |
| 2025 | selling, advertising and marketing | $186,434 |
| 2025 | general and administrative | $299,550 |
| 2025 | total operating expenses | $729,056 |
| 2025 | interest income | -$19,399 |
| 2025 | net loss | -$86,869 |
| 2025 | member's equity, beginning | $239,793 |
| 2025 | member's | -$3,944,248 |
| 2025 | changes in operating assets and liabilities | -$43,080 |
| 2025 | prepaid expensesMore than one value recorded for this year — open the FDD source before comparing | -$3,490 |
| 2025 | accounts payable and accrued expenses | $33,050 |
| 2025 | deferred revenue | $4,726,708 |
| 2025 | distributions to parent | -$4,097,172 |
| 2025 | net increase in cash and cash equivalents | $8,698 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
Head-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Not reviewed
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.