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).
- Rated STRONG with a risk score of 50/100.
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
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 Asian Box unit return on the cash you put in?
Unlevered ROIC · per unit
49%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Asian Box units return on equity?
Equity IRR · 5-yr
29.6%
3.66× MOIC
Year-1 DSCR
2.72×
EBITDA ÷ debt service
Equity required
$8.9M
on $19.8M purchase
Total debt
$10.9M
SBA $5.0M + senior + seller note
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.
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 · 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 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
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.
Score breakdown · what drove the 50 / 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
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
20 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Asian Box · FDD (2024) PDF