Asian BoxFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Asian Box franchise requires a total initial investment of $404K – $890K, including a $35K franchise fee and an ongoing 5.0% royalty[2]. Per the 2024 FDD, average unit revenue was $2.0M[2]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $404K – $890K
- 27th pct Service Resta…
- Avg gross sales
- $2.0M
- 21st pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 8
- 18th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 3.1x in gross revenue, well above the typical 1.5-2.5x range.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $404K – $890K including a $35K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $2.0M/year (median $1.5M).
- Verdict B (Above Average) with a risk score of 54/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- ASIAN BOX FRANCHISE GROUP LLC
- Parent company
- Asian Box Holdings, Inc.
- Incorporated in
- DE
- HQ
- 5448 Thornwood Drive, #101, San Jose, California 95123
- Auditor
- DA ADVISORY GROUP PLLC
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
- ⚠ Going-concern note
- Disclosed in FDD 2024
- Status as of 2024; may have been resolved in a later filing we don't yet have.
Overview
About
Asian Box franchisees operate fast-casual Asian cuisine restaurants, likely featuring customizable bowls, noodles, or rice-based dishes. Day-to-day operations include food preparation, inventory management, customer service, staffing, and compliance with brand standards across a protected territory.
- CEO
- Charles Imerson
- Headquarters
- CA
- Founded
- 2018
- FDD year
- 2024
- States available
- 1
FDD Item 7 · 2024 filing · 16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| On-Site Opening Assistancenot refundable | $5K | $5K | |
| Rent - 3 Monthsnot refundable | $12K | $37K | |
| Lease & Utility Security Deposit | $10K | $20K | |
| Design & Architect Feesnot refundable | $10K | $50K | |
| Leasehold Improvementsnot refundable | $150K | $415K | |
| Signagenot refundable | $8K | $32K | |
| Equipment, Furniture and Fixturesnot refundable | $100K | $160K | |
| Point of Sale & Computer Equipmentnot refundable | $4K | $6K | |
| Business Licenses & Permitsnot refundable | $100 | $5K | |
| Professional Feesnot refundable | $5K | $12K | |
| Insurance - 3 Monthsnot refundable | $6K | $12K | |
| Initial Inventorynot refundable | $11K | $18K | |
| Training Expensesnot refundable | $3K | $18K | |
| Grand Opening Marketingnot refundable | $15K | $15K | |
| Additional Funds - 3 Monthsnot refundable | $30K | $50K | |
| Total initial investment | $404K | $890K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$238K
12.0% margin
Unlevered ROIC
35%
EBITDA / total invested capital
Payback
35 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $404K – $890K
- Better than avg vs category
- Liquid capital req'd
- $30K – $50K
- Better than avg vs category
- Franchise fee
- $35K – $35K
- Better than avg vs category
- Royalty
- 5.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Transfer fee | $3K |
| Renewal fee | $0 |
| Total fee load | 6.0% of rev |
A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $2.0M
- Per unit, per year
- Median gross sales
- $1.5M
- Item 19 type
- Affiliate-Owned
- Sample size
- 7 units
- vs category median 13
- Range (low → high)
- $657K→$3.9M
- Cohort dispersion (min → max)
- Reporting year
- 2023
- Fiscal year the figures cover
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Asian Box Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 8
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 8
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 17 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Asian Box presents moderate-to-cautious risk: extremely small unit base, undisclosed profitability metrics, and high capital requirements without transparent unit-level economics create significant uncertainty around ROI viability.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $105,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · DA ADVISORY GROUP PLLC⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 54 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 — unable to verify actual profitability despite $1.98M average revenue claim
- 02MINOROnly 8 units system-wide indicates minimal scale and unproven replicability; growth trajectory unknown
- 03MINORHigh investment range ($404K-$890K) with 5% royalty requires ~$99K-$178K annual royalty just to break even on franchise fee
- 04MINOR10-year term is longer than industry standard (typically 5-7 years), locking franchisee into extended commitment
- 05MINORAverage revenue of $1.98M appears strong but lacks supporting data on whether this includes all 8 units or is cherry-picked
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Population or Radius |
| Protected territory | Yes |
| Territory sizeℹ | 75,000 people |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 108 hrs
- Training location
- On-site and corporate
- Franchisor financing
- Offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
20 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Asian Box · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Asian Box franchise?
The total investment to open a Asian Box franchise ranges from $404K – $890K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Asian Box franchise owners earn?
According to Item 19 of the Asian Box FDD, the average gross sales per unit is $2.0M. The median is $1.5M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Asian Box's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Asian Box (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Asian Box franchise locations are there?
As of their most recent FDD filing, Asian Box has 8 total units in the United States, including 0 franchised units and 8 company-owned units.
Is Asian Box a good franchise to buy?
FranchiseVerdict rates Asian Box as a B-grade franchise with a risk score of 54 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.