FRANCHISE·WATCH·DESK

Verified — real FDD extraction

Not found in the SBA Franchise Directory under this name — though SBA loans to its franchisees exist; verify eligibility with your lender

BRICKS AND MINIFIGS

Other · independent · est. —

Bricks & Minifigs is a retail concept for buying, selling, and trading new and used LEGO sets, bulk bricks, and minifigures. A franchisee operates a storefront that acquires secondhand LEGO from the public, then resells sorted sets and pieces to collectors, builders, and families, alongside parties and events.

BRICKS AND MINIFIGS net unit count grew +150.0% from 20152017 per its FDD Item 20.

New to franchising? Start here

A franchise is a business where you (the franchisee) pay a company (the franchisor) for the right to open and run a location using their brand and system — think a local Anytime Fitness or Taco John's owned by a small-business owner, not the corporation.

Before you can buy in, U.S. law requires the franchisor to give you a Franchise Disclosure Document (FDD) — a long legal filing covering its fees, finances, and history. The numbers on this page come straight from that document:

  • Franchise fee — the one-time cost to buy in.
  • Royalty — the ongoing cut of your sales you pay the franchisor.
  • Item 20 — how many locations opened and closed, the basis for our verdict (from Proven & strong down to Distressed — or Too new to judge).

The verdict

Too new to judge

Distress

7
STABLE

34 franchised units over 3 disclosed years is not a track record — systems this early have realized only a fraction of their eventual failures. Judge the disclosures, not a verdict.

Exit rate · latest year

0.0%

fiscal 2017, per Item 20

Cost to open

$109K–$276K

Item 7 total investment range

SBA loan defaults

Too few resolved

11 loans exist; too few resolved to rate

Behind the verdict

the record, factor by factor · Item 20

hi-1.0.0
Net unit growth35%

3-yr trend · Item 20 Table 1

Strong
Exit quality25%

terminations + ceased-ops vs. all exits · Table 3

Strong
Transfer / churn15%

transfers vs. base · Table 3

Weak
Promise-keeping10%

actual vs. projected openings · Table 5

Strong
Transparency15%

Item 19 disclosure + completeness

Strong

Systemwide units

2015–2017

+150.0%
142015212016352017

Survival record

FDD Item 20 · outlet status by year

In fiscal 2017, 0 of 19 franchised outlets left the system — a 0.0% annualized exit rate. Not every exit is a failure — but this is the measurable floor.

Show the outlet tables
Status (FTC)201520162017
Outlets at start111421
Opened5615
Transfers120
Terminations000
Non-renewals000
Reacquired by franchisor000
Ceased — other reasons100
Outlets at end142135
Net change+3+7+14

The lender's view

SBA 7(a)/504 loan performance · FY1991–present

Banks have made 11 SBA-backed loans to BRICKS AND MINIFIGS franchisees since 2015. Most are still open, so there is not yet a resolved cohort large enough to rate.

Charge-off rate

7 resolved · too thin to rate

Loss given default

avg. charged-off $ ÷ approved $

Expected loss

default rate × loss severity

Avg. loan · FY2020+

$115,827

what recent franchisees borrowed

Median time to default

37 mo

approval → charge-off, defaulted loans

Lenders · FY21+ vs FY16–20

0 vs 1

distinct banks — pulling back

Charge-off rate by loan approval year (%)

SOURCE: SBA 7(a)/504 FOIA LOAN DATA (DATA.SBA.GOV), FY1991–PRESENT · MATCHED TO BRICKS AND MINIFIGS BY FRANCHISE NAME · RESOLVED = CHARGED-OFF + PAID-IN-FULL

What it costs — and what it drags

FDD Items 5–7 · fees, investment, royalty

Buying in means a $25K franchise fee (Item 5) and a total investment of $109K–$276K (Item 7). The franchisor publishes an earnings claim (Item 19) — read its methodology closely.

To open (Item 7)

$109K–$276K

all-in investment range

Franchise fee (Item 5)

$25K

upfront, one-time

Royalty (Item 6)

6%

of sales, ongoing

If a unit does this in annual sales…$1M/yr

Your figure — cross-check against this brand's Item 19 and current-owner validation.

Royalty you'd pay / yr

$60K

6% of sales, before profit

Over a 10-yr term

$600K

royalties alone, excl. ad fund

This is not profit. It's the only money the FDD actually pins down — what you put in, and the royalty you owe on every dollar of sales. Your real take-home depends on labor, rent, food cost, and ramp-to-breakeven, none of which any FDD discloses.

Build a real pro-forma for BRICKS AND MINIFIGS with an independent CPA

Labor record

US Dept. of Labor enforcement · franchisee-level · FY2005–present

Federal investigators have concluded 1 wage case against operators of this system, recovering $218 in back wages for 1 worker, including 1 child-labor case. These cases name franchisee-owned locations, not the franchisor itself.

Concluded cases

1

Back wages owed

$218

Employees affected

1

Since 2020

0

1 of these cases involved child-labor violations, covering 3 minors across the system's franchised locations.

Read this carefully. The employers in these cases are individual BRICKS AND MINIFIGS franchisees — separately owned businesses operating under the brand name — not BRICKS AND MINIFIGS itself. The franchisor is not the respondent and in most cases is not a party. What the record shows is how this system's operators run their payrolls, which is worth knowing before you become one of them. Counts rise with system size and with age: a 20-year-old, 10,000-unit system will out-count a young one regardless of conduct. Source: DOL Wage and Hour Division concluded compliance actions, FY2005–present, most recent finding 2021.

Modeled risk

FDD Risk Score · modeled from the public record

Moderate

The public record puts this brand toward the safer end of the systems we score — but the evidence is thin, so treat it as a range, not a number.

Risk percentile (range)

20–44 / 100

Directional

Modeled SBA charge-off

10.4%

Observed SBA charge-off

28.6%

Top drivers: Net unit growth (lowers) · System size (log units) (raises) · Item 20 exit rate (lowers) · Investment ceiling (log) (raises). Thin loan history — treat this as a range, not a number. A linear scorecard built from this brand's own disclosure figures plus the federal loan record behind its franchisees; full spec and cross-validated accuracy on the methodology page. A score is context, not a verdict.

Distress signals

news-sourced · bankruptcies, closures, lawsuits

FULL REPORT →

6 questions to ask a BRICKS AND MINIFIGS franchisee

Built from this brand's own disclosures · take it to your validation calls

The franchisor will give you a list of owners to call. Most buyers ask whether they like it. These are the questions built from what BRICKS AND MINIFIGS has actually disclosed — each one carries the number it came from, so you can tell whether the answer squares with the record.

  1. 01

    You pay 6.0% royalty on gross sales, plus the ad fund, before any of your own costs. On your actual revenue last year, what did you take home as the owner — not revenue, take-home?

    Royalty is charged on sales, not profit. This is the number the brochure never shows and the one your life actually runs on.

    FDD Item 6

  2. 02

    BRICKS AND MINIFIGS makes an earnings claim in Item 19. Does your unit look like that number — and do you know which units they included to build it?

    Item 19 is legal to build from a flattering subset. Ask whether they excluded new units, closed units, or company stores.

    FDD Item 19 · 2018

  3. 03

    How many months did it take to cover your own costs, and how much cash did you burn getting there?

    Ramp-to-breakeven working capital is the most underestimated line in any franchise purchase, and the most common reason otherwise-good units fail.

    Not disclosed in any FDD — ask an owner

  4. 04

    What does the franchisor charge for that you didn't expect — required tech fees, mandatory remodels, approved-supplier pricing?

    Required spending appears across Items 6, 8 and 11 rather than in one place, so buyers routinely miss the total.

    FDD Items 6, 8, 11

  5. 05

    If your agreement came up for renewal tomorrow at current terms, would you sign again?

    The single most predictive question you can ask. A hesitation is the answer.

    Ask every owner you speak to

  6. 06

    Who else should I call — including someone who left?

    The franchisor's list is curated by definition. Former franchisees are where the unflattering truth lives, and current owners usually know how to reach them.

    Ask every owner you speak to

Want this as a checklist you can take to the calls?

I'll email you the printable version, and tell you if BRICKS AND MINIFIGS’ numbers move — a new filing, a rising exit rate, a distress signal. Unsubscribe in one click.

Before you sign anythingfree · 30 min · no commission

A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing BRICKS AND MINIFIGS's numbers, including talking you out of a bad deal.

Don Drummond, CPA — Virginia #43775 · what I charge

Book a free 30-minute call →
Own or owned a BRICKS AND MINIFIGS?no appointment · read by a person

This page is what buyers see before they call you for validation. If the record above is wrong — or right in a way the numbers can't show — say so. Corrections are checked against the filings; nothing you write is published with your name unless you agree to it.

BRICKS AND MINIFIGS franchise questions, answered from the filings

What percentage of BRICKS AND MINIFIGS franchises closed last year?

In BRICKS AND MINIFIGS's latest FDD Item 20 (fiscal 2017), 0 of 19 franchised outlets left the system — an annualized exit rate of 0.0%. That counts terminations, non-renewals, and "ceased operations — other reasons." There is no official failure rate, and not every exit is a failure, but this is the measurable floor.

How much does a BRICKS AND MINIFIGS franchise cost?

Per BRICKS AND MINIFIGS's 2018 FDD, buying in requires an initial franchise fee of $25K (Item 5) and a total initial investment of $109K–$276K (Item 7).

What royalty does BRICKS AND MINIFIGS charge?

BRICKS AND MINIFIGS charges an ongoing royalty of 6.0% of gross sales, per Item 6 of its 2018 FDD.

Does BRICKS AND MINIFIGS disclose earnings (Item 19)?

Yes — BRICKS AND MINIFIGS makes a financial performance representation in Item 19 of its 2018 FDD, reporting a median unit volume of $235K. Read it closely: franchisors choose which units and which metrics to include.