FranchiseVerdict
Aroma Joe's logo
FV-00177·STRONGExcellent86

Aroma Joe's

Food & Beverage - Coffee & TeaFranchising since 2013Website
Investment
$179K – $1.8M
14th pct Coffee & Tea
Avg revenue
$948K
29th pct Coffee & Tea
Royalty
8.0%
87th pct Coffee & Tea
Units
120
85th pct Coffee & Tea
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $179K – $1.8M including a $25K franchise fee, 8.0% ongoing royalty.
  • Average unit revenue of $948K/year (median $926K).
  • Rated STRONG with a risk score of 53/100. SBA loan default rate of 0.0% across 33 loans (below the industry average).
  • System growing at 26.3% CAGR over 3 years with 120 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Aroma Joe’s Franchising, LLC
Incorporated in
Florida
HQ
700 Technology Way, Scarborough, ME 04074
Auditor
Berry, Dunn, McNeil & Parker, LLC
Audited financials
Franchisor revenue
$10.1M
vs $12.3M prior 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 Aroma Joe's unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $947,675
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restaurant
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $179K–$1.8M
Working capital
$
FDD reports $10K–$30K

Unlevered ROIC · per unit

6%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$62K
EBITDA margin
6.5%
Total invested
$1.0M
Payback
199 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.

Overview

About

Franchisees operate coffee and beverage retail shops, likely drive-through or quick-service formats, focusing on specialty coffee drinks, smoothies, and grab-and-go food items. Day-to-day responsibilities include inventory management, staff scheduling, POS operations, quality control, and local marketing to drive the $947,675 average unit volume.

CEO
David Tucci
Founded
2013
FDD year
2025
States available
8

Item 7 · what it costs

The Vitals

Total investment
$179K – $1.8M
All-in to open one unit
Liquid capital
$10K – $30K
Cash you must have on hand
Franchise fee
$25K
Royalty
8.0%
Gross Sales · typical 6–8%
Ad fund
3.5%
typical 3–5%
Total fee load
11.5%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$948K
Per unit, per year
Median gross sales
$926K
Item 19 type
Actual
Sample size
112 units
vs category median 13 · large
Range (low → high)
$131K$2.0M
Cohort dispersion
Transparency
4 / 5
vs category median 2 / 5 · above
Revenue rank29th
vs Food & Beverage - Coffee & Tea peers
Investment cost rank14th
Lower investment ranks lower (better)
Royalty rate rank87th
Lower royalty = lower percentile (better)
Unit count rank85th
vs Food & Beverage - Coffee & Tea peers
Risk score rank23th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
120
Opened
8
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+7.1%
Net unit change last year
3-yr CAGR
+26.3%
Compounded over last 3 years
2023
120+8
Franchised units
2024
112
Franchised units
2025
95
Franchised units

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

Item 20 · 12 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 · 12 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.

Total loans
33
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

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

Risk & Legal

53
Risk · 0-100
STRONG53 / 100

Aroma Joe's presents meaningful profitability opacity and territorial vulnerability, offset partially by no litigation and modest growth, warranting deep franchisee validation before investment.

Score breakdown · what drove the 53 / 100 rating

  1. 01MINORNo net income disclosure (Item 19) prevents accurate ROI validation despite $947,675 average revenue
  2. 02MINORUnprotected territory creates direct competition risk and cannibalization within same market
  3. 03MINORMassive investment range spread ($178,700–$1,825,221) indicates inconsistent unit economics or hidden cost variables
  4. 04MINORModest 7.1% YoY unit growth suggests slowing momentum in franchise recruitment/retention
  5. 05MINOR8% royalty on gross sales (not net) penalizes operators during low-margin periods

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Site-specific
Protected territory
No
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
1 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Maine

Item 11

Training & Operations

Classroom training
31 hrs
On-the-job training
40 hrs
POS system
HP Engage One
Operating tech stack

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

72 numbers

Locked
(850) 922-••••
Dept. of Agriculture and Consumer Services Div. of Consumer Services
FL
(603) 458-••••
NH
(207) 222-••••
ME

One-time purchase · CSV download · Validation questions included

FDD download

Aroma Joe's · FDD (2025) PDF

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