Bottom line
- Total investment $189K – $256K including a $100K franchise fee, 8.0% ongoing royalty.
- Average unit revenue of $833K/year.
- Rated MODERATE with a risk score of 60/100.
- Emerging franchise — only 3 years of franchising with 2 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
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 All States M.E.D. unit return on the cash you put in?
Unlevered ROIC · per unit
58%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 All States M.E.D. units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$2.0M
on $10.0M purchase
Total debt
$8.0M
SBA $5.0M + senior + seller note
Overview
About
All States M.E.D. franchisees appear to operate in the medical equipment or medical services distribution/retail sector (M.E.D. likely indicates Medical Equipment Distribution or similar). Day-to-day operations likely involve inventory management, customer acquisition and service, regulatory compliance in healthcare, and equipment delivery/installation or related services.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 6 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 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
Micro-franchise system with unproven unit economics, undisclosed profitability data, and franchisor stability concerns presents elevated risk despite protected territory.
Score breakdown · what drove the 60 / 100 rating
- 01MEDOnly 2 operating units with unknown growth trajectory indicates extremely limited system scale and validation data
- 02MEDNo average net income disclosed despite $832,521 average revenue — suggests franchisees may not be achieving acceptable profitability after 8% royalties + operating costs
- 03HIGHGoing Concern status is False, raising questions about franchisor financial stability and long-term viability
- 04MINORHigh franchise fee ($100,000) relative to system size creates concentration risk with minimal franchisee network for support and learning
- 05MINORMaterial gap between investment range ($188,500-$255,500) and franchise fee ($100,000) lacks transparency on what comprises remaining $88,500-$155,500
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
7 numbers
One-time purchase · CSV download · Validation questions included
FDD download
All States M.E.D. · FDD (2024) PDF