Smya Ventures
Franchise research report · reviewed 2025 disclosure data
Researching Smya Ventures franchise opportunities? Every figure below is cited to the FDD.
SMYA Ventures operates Buns on Fire, a fast-casual restaurant concept serving smash burgers, hot chicken, rice bowls, wings, and boba beverages. Its customers are restaurant diners seeking meals for dine-in or takeout.
Headline figures
Smya Ventures quick facts
- Is Smya Ventures a franchise?
- Yes. Smya Ventures offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 4 outlets in total (2025 FDD, Item 20, PDF p. 47).
- How much does it cost to open a Smya Ventures franchise?
- The Smya Ventures Franchise Disclosure Document reports separate estimated initial investments by format: $255,000–$462,000 for initial investment low (2025 FDD, Item 7, PDF p. 19); $462,000 for initial investment high (2025 FDD, Item 7, PDF p. 19). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Smya Ventures charge?
- The disclosed ongoing royalty is 6% (2025 FDD, Item 6, PDF p. 14). The brand or advertising fund contribution is 1% (2025 FDD, Item 6, PDF p. 14). Other recurring fees are listed in Item 6. Details
- Does Smya Ventures disclose financial performance (Item 19)?
- No. The reviewed Smya Ventures FDD states that it does not make a financial performance representation in Item 19. Details
- How many Smya Ventures locations are there?
- The FDD reports 4 outlets at the end of 2025 (2025 FDD, Item 20, PDF p. 47). Existing locations do not indicate territory availability. Details
- Is Smya Ventures a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 makes no financial performance representation, so ask current owners about results; 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
- 1The 2025 FDD (Item 7) estimates opening costs separately by format: $255,000 – $462,000 (Initial investment low); $462,000 (Initial investment high).
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets held steady in 2025, to 4 (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
Range across 2 single-unit formats
2025 FDD · Item 7
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose.
- Initial investment lowPDF p. 19$255,000 – $462,000
- Initial investment highPDF p. 19$462,000
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- RoyaltyMain ongoing fee
19 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 2025 FDD for Smya Ventures 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 Fiscal year 2023–2025 of each year.
2025 FDD · Item 20 · PDF p. 47
Net +2 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 2025 Item 7 estimate ($255,000 – $462,000) vary most by market, and why?
Smya Ventures reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units went from 4 to 4 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 (2025 FDD)
- [1]Outlet counts — Item 20, Table 1 · PDF p. 47
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
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
No verified franchisor financial statement figures have been reviewed yet.
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
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Paris Banh MiHead-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.