Boba Cucue
Formerly known as Boba Pub
Bottom line
- Total investment $200K – $383K including a $40K franchise fee, 5.5% ongoing royalty.
- Average unit revenue of $390K/year.
- Rated MODERATE with a risk score of 62/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- Emerging franchise — only 3 years of franchising with 14 units. Early-stage systems carry higher risk but may offer better territory availability.
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 Boba Cucue unit return on the cash you put in?
Unlevered ROIC · per unit
14%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Boba Cucue units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$351K
on $1.8M purchase
Total debt
$1.4M
SBA $0.9M + senior + seller note
Overview
About
Franchisees operate bubble tea retail locations serving specialty beverage drinks (boba tea, flavored teas, etc.). Day-to-day operations include inventory management, customer service, point-of-sale transactions, beverage preparation, and local marketing. Most locations appear to be small footprint retail shops or kiosks in high-traffic areas.
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 · 3 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage, undisclosed-profitability franchise with going concern warnings and minimal operational track record presents significant validation and financial transparency risks.
Score breakdown · what drove the 62 / 100 rating
- 01MINORNo net income disclosure (Item 19) prevents ROI validation despite $390K average revenue claims
- 02HIGHGoing Concern status is FALSE — suggests franchisor may have disclosed material uncertainties about viability
- 03MINORExtremely small system (14 units) with 100% YoY growth is mathematically suspect and indicates very recent or unstable expansion
- 04MEDHigh initial investment range ($199K-$383K) relative to disclosed revenue creates unclear payback period
- 05MINOR5.5% royalty on gross sales compounds profitability risk when net margins are unknown
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
14 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Boba Cucue · FDD (2026) PDF