FranchiseVerdict
Agapé logo
FV-00083·MODERATEExcellent95

Agapé

Formerly known as Maui Maui Juice Bar

Food & Beverage - Full ServiceFranchising since 2025Website
Investment
$473K – $577K
62nd pct Full Service
Avg revenue
$1.2M
24th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
5
26th pct Full Service
SBA default

Bottom line

  • Total investment $473K – $577K including a $40K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $1.2M/year (median $1.0M). Estimated payback in 2.7 years.
  • Rated MODERATE with a risk score of 63/100.
  • Emerging franchise — only 1 year of franchising with 5 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
MMJB FRANCHISE HOLDINGS LLC
Incorporated in
Ohio
HQ
405 Polaris Parkway, Suite 101, Westerville, OH 43082
Auditor
Divine, Blalock, Martin & Sellari, LLC
Audited financials
Franchisor revenue
$0
Most recent fiscal year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Agapé unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,209,053
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $473K–$577K
Working capital
$
FDD reports $10K–$30K

Unlevered ROIC · per unit

38%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$206K
EBITDA margin
17.0%
Total invested
$545K
Payback
32 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Agapé units return on equity?

Edit assumptions

Equity IRR · 5-yr

40.3%

5.44× MOIC

Year-1 DSCR

2.11×

EBITDA ÷ debt service

Equity required

$3.5M

on $12.1M purchase

Total debt

$8.6M

SBA $5.0M + senior + seller note

SBA 7(a) request ($6.0M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Agapé franchisees appear to operate a service-based business model, likely in wellness, hospitality, or food service based on the brand name. Day-to-day operations would include customer service delivery, staff management, inventory/supply chain oversight, and compliance with franchisor standards across a protected territory.

CEO
Douglas Morrison
Founded
2025
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$473K – $577K
All-in to open one unit
Liquid capital
$10K – $30K
Cash you must have on hand
Franchise fee
$40K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical
Payback period
2.7 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$1.2M
Per unit, per year
Median gross sales
$1.0M
Item 19 type
Affiliate-owned outlets Profit & Loss
Sample size
4 units
vs category median 15 · small
Range (low → high)
$962K$1.8M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank24th
vs Food & Beverage - Full Service peers
Investment cost rank62th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank26th
vs Food & Beverage - Full Service peers
Risk score rank51th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
5
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
5
Corporate units in the system
% franchised
0%
vs corporate-owned
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 10 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 10 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

63
Risk · 0-100
MODERATE63 / 100

Early-stage franchise with minimal unit count, undisclosed financial health, and unverified profitability claims presents substantial execution and viability risk.

Score breakdown · what drove the 63 / 100 rating

  1. 01MINOROnly 5 units in system with unknown growth trajectory suggests early-stage or stalled expansion
  2. 02HIGHNo going concern status disclosed raises questions about franchisor financial stability and long-term viability
  3. 03MINORHigh initial investment ($472.5K-$577K) relative to small unit count increases risk of inadequate support infrastructure
  4. 04MEDRoyalty structure (5% of gross sales) on average $1.2M revenue = $60K annual fee with no disclosed Item 19 financial performance data
  5. 05MINORCannot validate claimed $192K average net income without audited financials or franchisee attestation
  6. 06MEDExtremely limited comparable data (5 units) makes statistical analysis meaningless for ROI projections

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Ohio

Item 11

Training & Operations

Classroom training
26 hrs
On-the-job training
54 hrs

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

17 numbers

Locked
(410) 576-••••
MD
(605) 773-••••
SD
(360) 902-••••
SD

One-time purchase · CSV download · Validation questions included

FDD download

Agapé · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above