FranchiseVerdict
Blank Mason logo
FV-00322·CAUTIONExcellent91

Blank Mason

Food & Beverage - Full ServiceFranchising since 2024Website
Investment
$231K – $596K
24th pct Full Service
Avg revenue
$495K
4th pct Full Service
Royalty
7.0%
87th pct Full Service
Units
1
3rd pct Full Service
SBA default

Bottom line

  • Total investment $231K – $596K including a $28K franchise fee, 7.0% ongoing royalty.
  • Average unit revenue of $495K/year (median $560K).
  • Rated CAUTION with a risk score of 75/100.
  • Emerging franchise — only 2 years of franchising with 1 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Blank Mason Development LLC
Incorporated in
Illinois
HQ
8712 Callie Avenue, Morton Grove, Illinois 60053
Auditor
Kezos & Dunlavy
Audited financials
Franchisor revenue
$0
vs $0 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 Blank Mason unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $494,603
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $231K–$596K
Working capital
$
FDD reports $45K–$60K

Unlevered ROIC · per unit

16%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$74K
EBITDA margin
15.0%
Total invested
$466K
Payback
75 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Blank Mason units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$791K

on $4.0M purchase

Total debt

$3.2M

SBA $2.0M + senior + seller note

Overview

About

Blank Mason appears to be a customizable product/service retail or production franchise (likely personalized goods, home décor, or craft-based business given the brand name). Franchisees likely manage day-to-day operations including customer acquisition, order fulfillment, inventory management, and brand compliance, though specific operational details are unclear without further disclosure.

CEO
Sara Jennetten
Founded
2023
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$231K – $596K
All-in to open one unit
Liquid capital
$45K – $60K
Cash you must have on hand
Franchise fee
$28K
Royalty
7.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$495K
Per unit, per year
Median gross sales
$560K
Item 19 type
Actual
Sample size
1 units
vs category median 15 · small
Range (low → high)
$355K$569K
Cohort dispersion
Transparency
7 / 5
vs category median 4 / 5 · above
Revenue rank4th
vs Food & Beverage - Full Service peers
Investment cost rank24th
Lower investment ranks lower (better)
Royalty rate rank87th
Lower royalty = lower percentile (better)
Unit count rank3th
vs Food & Beverage - Full Service peers
Risk score rank92th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
1
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
0%
vs corporate-owned
Multi-unit owners
7.1%
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 20 · 5 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 · 5 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.

No SBA loan data available for this brand.

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

Risk & Legal

75
Risk · 0-100
CAUTION75 / 100

Blank Mason presents extreme risk: Going Concern status, single operating unit, undisclosed profitability, and unclear growth trajectory make this an unvalidated system with questionable franchisor viability.

Score breakdown · what drove the 75 / 100 rating

  1. 01HIGHGoing Concern status is FALSE — indicates potential financial instability or structural viability issues at franchisor level
  2. 02MINOROnly 1 unit operating — severe lack of system validation; impossible to assess replicability or franchisee success patterns
  3. 03MEDNet Income not disclosed — unable to evaluate actual profitability; $494K revenue tells nothing about margins or sustainability
  4. 04MINORWide investment range ($231K–$596K) without clear cost breakdown — suggests inconsistent site requirements or undefined buildout standards
  5. 05MINOR7% royalty on gross sales (not net) — franchisees pay royalties even during unprofitable periods; combined with unknown margins, creates cash flow risk
  6. 06MINORSingle unit with unknown growth trajectory — no evidence of system expansion, replication success, or franchisee satisfaction
  7. 07MEDLimited franchise term (5 years) — shorter commitment window suggests franchisor uncertainty or higher exit risk at renewal

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Population
Protected territory
Yes
Initial term
5 years
Renewal term
5 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
3 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Illinois

Item 11

Training & Operations

Classroom training
38 hrs
On-the-job training
42 hrs
POS system
Square point of sale system
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

5 numbers

Locked
(312) 574-••••
The franchisor is Blank Mason Development LLC located at
IL
(701) 328-••••
ND
(605) 773-••••
SD

One-time purchase · CSV download · Validation questions included

FDD download

Blank Mason · FDD (2025) PDF

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