1943 Classic WevelopmentFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A 1943 Classic Wevelopment franchise requires a total initial investment of $670K – $1.2M, including a $100K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $670K – $1.2M
- 38th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 1
- 2nd pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $670K – $1.2M including a $100K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict D (Below Average) with a risk score of 75/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Wevelopment USA, Inc.
- Parent company
- Wevelopment Co., Ltd. ("Wevelopment Korea")
- CEO title
- Chief Executive Officer
- Taehyun Kim
- Incorporated in
- CA
- HQ
- 3435 Wilshire Blvd., Suite 460, Los Angeles, CA 90010
- Auditor
- Dow & Sohn CPAs
- Audited financials
Overview
About
1943 Classic Wevelopment appears to operate a food/beverage or hospitality concept (likely Korean-inspired based on parent company). Franchisees would manage day-to-day operations including staffing, inventory, customer service, and marketing within their territory while remitting 5% royalties to the franchisor. Limited public information prevents detailed operational clarity.
- CEO
- Taehyun Kim
- Headquarters
- CA
- Founded
- 2024
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 11 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $100K | $100K | |
| Real Property/Site Leasenot refundable | $12K | $70K | |
| Leasehold Improvementsnot refundable | $400K | $620K | |
| Equipment & Furniturenot refundable | $55K | $120K | |
| Opening Inventorynot refundable | $10K | $40K | |
| Insurancenot refundable | $10K | $15K | |
| Signage, Menu Boardnot refundable | $15K | $30K | |
| Grand Opening Promotionnot refundable | $5K | $10K | |
| Cash Registers (POS) / Other Office Equipmentnot refundable | $5K | $15K | |
| Initial Training Expensesnot refundable | $3K | $7K | |
| Additional Funds - 3 monthsnot refundable | $55K | $150K | |
| Total initial investment | $670K | $1.2M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $670K – $1.2M
- Better than avg vs category
- Liquid capital req'd
- $55K – $150K
- Near category avg vs category
- Franchise fee
- $100K – $100K
- Near category avg vs category
- Royalty
- 5.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $250 |
| Training fee | $100 |
| Transfer fee | $20K |
| Renewal fee | $25K |
| Total fee load | 6.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How 1943 Classic Wevelopment Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 1
- Opened
- 1
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 0
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 5 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Single-unit franchise with unresolved regulatory violations, zero financial transparency, and unproven business model—extreme execution risk for $670k+ investment.
Litigation (Item 3)
Wevelopment Korea settled with Virginia Division of Securities and Retail Franchising (Case No. SEC-2024-00040) on August 8, 2025 for offering/selling franchise without registration and failing to furnish disclosure document. Settlement: permanent injunction, $5,000 penalty, $500 costs. No admission of wrongdoing.
Largest disclosed settlement: $5,500
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Dow & Sohn CPAs
Score breakdown · what drove the 75 / 100 rating
- 01MINOROnly 1 operating unit with unknown growth trajectory suggests minimal proof of concept and system viability
- 02MINORRegulatory violation in August 2024: parent company settled with Virginia for unlicensed franchise sales, indicating compliance failures and legal exposure
- 03MEDNo disclosed average revenue or net income data (no Item 19) prevents validation of ROI claims on $670k-$1.177M investment
- 04MINORUnprotected territory creates direct competition risk; franchisor can open units nearby without compensation to existing franchisee
- 05MED5-year term is relatively short; limited time to recoup $100k franchise fee + initial investment before renewal uncertainty
- 06MINORParent company (Wevelopment Korea) is international with settlement history; language/communication barriers and enforcement challenges likely
- 07HIGHGoing concern status is False, but context suggests instability; minimal unit count indicates struggling or nascent system
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | non_exclusive |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Mandatory arbitration | Yes |
| Arbitration location | Los Angeles, California |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 1 |
View Item 3 litigation summary
Wevelopment Korea settled with Virginia Division of Securities and Retail Franchising (Case No. SEC-2024-00040) on August 8, 2025 for offering/selling franchise without registration and failing to furnish disclosure document. Settlement: permanent injunction, $5,000 penalty, $500 costs. No admission of wrongdoing.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 27 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
5 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
1943 Classic Wevelopment · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a 1943 Classic Wevelopment franchise?
The total investment to open a 1943 Classic Wevelopment franchise ranges from $670K – $1.2M, with an initial franchise fee of $100K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do 1943 Classic Wevelopment franchise owners earn?
1943 Classic Wevelopment does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is 1943 Classic Wevelopment's franchise failure rate?
SBA 7(a) loan charge-off data is not available for 1943 Classic Wevelopment (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many 1943 Classic Wevelopment franchise locations are there?
As of their most recent FDD filing, 1943 Classic Wevelopment has 1 total units in the United States, including 0 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is 1943 Classic Wevelopment a good franchise to buy?
FranchiseVerdict rates 1943 Classic Wevelopment as a D-grade franchise with a risk score of 75 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.