Bottom line
- Total investment $1.5M – $6.6M including a $100K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 76/100.
- 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
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 Apna Bazar unit return on the cash you put in?
Unlevered ROIC · per unit
1%
Below typical band (30–60%)
Overview
About
Apna Bazar franchisees operate ethnic grocery retail stores (likely South Asian groceries/international products based on brand name). Day-to-day operations include inventory management, stocking specialty foods/spices, managing staff, customer service, and competing in local markets without territorial protection. Revenue heavily depends on location quality and local demographic density.
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 · 4 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
Apna Bazar presents HIGH RISK due to Going Concern status, absence of financial disclosures, tiny system size, unprotected territory, and unclear unit economics — investment viability cannot be independently validated.
Score breakdown · what drove the 76 / 100 rating
- 01HIGHGoing Concern status is FALSE — franchisor may be financially unstable or operationally distressed
- 02MINORNo average revenue or net income disclosure (Item 19) — impossible to assess unit-level profitability or ROI
- 03MINOROnly 17 units with unknown growth trajectory — extremely small system with unclear expansion momentum
- 04MINORUnprotected territory — franchisees face direct competition from other franchisees and corporate locations
- 05MINORWide investment range ($1.5M–$6.58M) suggests inconsistent unit economics or unclear cost structure
- 06MINOR2.5% royalty floor of $5,000/month minimum is aggressive for small-revenue locations — $60K/year baseline burden
- 07MED20-year term is unusually long with no performance benchmarks or renewal criteria disclosed
- 08HIGHNo litigation disclosed but combined with Going Concern status raises transparency concerns
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
Apna Bazar · FDD (2022) PDF