Bottom line
- Total investment $240K – $2.3M including a $15K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100. SBA loan default rate of 0.0% across 1 loans (below the industry average).
- 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
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 APLUS unit return on the cash you put in?
Unlevered ROIC · per unit
3%
Below typical band (30–60%)
Overview
About
APLUS franchisees operate tutoring and academic enrichment centers, providing one-on-one and small-group instruction in core subjects (math, reading, writing) and test preparation. Daily operations include student enrollment and retention, scheduling tutors, curriculum delivery, parent communication, and local marketing.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 13 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
APLUS exhibits meaningful systemic risk: unit decline, undisclosed financials, active litigation, and possible franchisor solvency concerns, offsetting the modest $15K franchise fee.
Score breakdown · what drove the 65 / 100 rating
- 01MINORUnit count declining (-0.8% YoY) signals system contraction and potential saturation
- 02MEDNo Item 19 financial disclosures (Avg Revenue and Net Income not disclosed) prevents ROI validation
- 03HIGHActive litigation for breach of contract and indemnification raises franchisor accountability concerns
- 04MINORUnprotected territory creates direct competition risk from other franchisees in same market
- 05MINORWide investment range ($239K–$2.27M) suggests inconsistent unit economics and unclear scaling
- 06HIGHGoing Concern status is FALSE — potential financial instability at franchisor level
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
13 numbers
One-time purchase · CSV download · Validation questions included
FDD download
APLUS · FDD (2025) PDF