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    Franchise opportunities compared

    PopUp Bagels vs Rainbow Cone Five Flavors

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    PBPopUp Bagels2026 FDDRainbow Cone Five Flavors2026 FDD

    Initial investment · Item 7

    PopUp Bagels

    $807,300 – $1,248,350

    2026 FDD · Item 7 · PDF p. 22

    Rainbow Cone Five Flavors

    $137,860 – $4,969,378

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    PopUp Bagels

    Not available

    Rainbow Cone Five Flavors

    Not available

    Royalty · Item 6

    PopUp Bagels

    Not available

    Rainbow Cone Five Flavors

    6%

    2026 FDD · Item 6 · PDF p. 16

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Rainbow Cone Five Flavors discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Rainbow Cone Five Flavors has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    PopUp Bagels

    $807,300 – $1,248,350
    PopUp Bagels shop — Total Estimated Initial Investment (including real estate lease costs): $807,300- $1,248,350
    2026 FDD · Item 7 · PDF p. 22

    Rainbow Cone Five Flavors

    $137,860 – $4,969,378
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    PopUp Bagels

    Not available
    No single standard fee identified

    Rainbow Cone Five Flavors

    Not available
    No single standard fee identified
    Royalty (Item 6)

    PopUp Bagels

    Not available
    No reviewed royalty record

    Rainbow Cone Five Flavors

    6%
    Royalty
    2026 FDD · Item 6 · PDF p. 16
    Brand / advertising fund (Item 6)

    PopUp Bagels

    1%
    g marketing program or required Brand Fund contributions. 5. You must spend at least — 1% — 1%
    2026 FDD · Item 6 · PDF p. 21

    Rainbow Cone Five Flavors

    3%
    Brand marketing fund contribution maximum — 3%
    2026 FDD · Item 6 · PDF p. 16

    System scale & health

    Total outlets (Item 20)

    PopUp Bagels

    23
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 61

    Rainbow Cone Five Flavors

    27
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 81
    Net outlet change (Item 20)

    PopUp Bagels

    +19
    Calculated: 4 at end of 2023 → 23 at end of 2025

    Rainbow Cone Five Flavors

    +27
    Calculated: 0 at end of 2022 → 27 at end of 2025
    Outlet exits (Item 20)

    PopUp Bagels

    Not available
    No complete exit records for a year

    Rainbow Cone Five Flavors

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    PopUp Bagels

    Not available
    Not in reviewed records

    Rainbow Cone Five Flavors

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    PopUp Bagels

    Not available
    Not in reviewed records

    Rainbow Cone Five Flavors

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    PBPopUp Bagels

    Not disclosed — no Item 19 financial performance representation

    Rainbow Cone Five Flavors
    Locations counted not stated in the reviewed record — Crew
    $15 /hour
    other Crew wages range
    2026 FDD · Item 19 · PDF p. 71
    Locations counted not stated in the reviewed record — Salaried managers
    $47,000 /year
    other Salaried manager wages range
    2026 FDD · Item 19 · PDF p. 71
    Locations counted not stated in the reviewed record — Affiliate-owned Express unit #2 inside Buona Beef restaurant
    $171,093
    other Gross sales
    2026 FDD · Item 19 · PDF p. 76
    +22 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    PopUp Bagels vs Rainbow Cone Five Flavors: common questions

    Which costs less to open, PopUp Bagels or Rainbow Cone Five Flavors?
    PopUp Bagels: $807,300 – $1,248,350 (2026 FDD · Item 7 · PDF p. 22); Rainbow Cone Five Flavors: $137,860 – $4,969,378 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Rainbow Cone Five Flavors. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    Which has more locations, PopUp Bagels or Rainbow Cone Five Flavors?
    PopUp Bagels: 23 (2026 FDD · Item 20 · PDF p. 61); Rainbow Cone Five Flavors: 27 (2025 FDD · Item 20 · PDF p. 81). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do PopUp Bagels and Rainbow Cone Five Flavors disclose financial performance (Item 19)?
    PopUp Bagels makes no Item 19 financial performance representation; Rainbow Cone Five Flavors has reviewed Item 19 figures for 25 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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    PB

    Full PopUp Bagels report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Rainbow Cone Five Flavors report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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