FranchiseVerdict
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FV-00347·MODERATEExcellent81

Bobablastic

Food & Beverage - Full ServiceFranchising since 2022Website
Investment
$64K – $123K
3rd pct Full Service
Avg revenue
57th pct Full Service
Royalty
10.0%
92nd pct Full Service
Units
73
78th pct Full Service
SBA default

Bottom line

  • Total investment $64K – $123K including a $15K franchise fee, 10.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 57/100.
  • System growing at 80.6% CAGR over 3 years with 73 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Bobablastic Enterprise, LLC
Parent company
none
Incorporated in
Washington
HQ
18520 SE 41st Drive, Vancouver WA 98683
Auditor
Naper CPA Group
Audited financials
Franchisor revenue
$242K
vs $290K 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 Bobablastic unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
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: $64K–$123K
Working capital
$
FDD reports $10K–$20K

Unlevered ROIC · per unit

83%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$90K
EBITDA margin
12.0%
Total invested
$108K
Payback
14 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

Bobablastic franchisees operate bubble tea retail locations, managing daily POS operations, inventory of tea blends and tapioca pearls, staff scheduling, and customer service. Day-to-day activities include preparing made-to-order beverages, managing walk-in and delivery orders, and maintaining brand compliance across menu and store appearance.

CEO
Hieu Chu
Founded
2019
FDD year
2025
States available
9

Item 7 · what it costs

The Vitals

Total investment
$64K – $123K
All-in to open one unit
Liquid capital
$10K – $20K
Cash you must have on hand
Franchise fee
$15K
Royalty
10.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
11.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
73
Opened
17
Last reporting year
Closed
10
Turnover rate
13.7%
Company-owned
17
Corporate units in the system
% franchised
77%
vs corporate-owned
Net growth (yr3)
+14.3%
Net unit change last year
3-yr CAGR
+80.6%
Compounded over last 3 years
2023
56+2
Franchised units
2024
49
Franchised units
2025
31
Franchised units

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

Item 20 · 8 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 · 8 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

57
Risk · 0-100
MODERATE57 / 100

Bobablastic presents caution-level risk: undisclosed unit economics, corporate going concern issues, and slow growth mask profitability uncertainty despite reasonable initial investment.

Score breakdown · what drove the 57 / 100 rating

  1. 01MEDNo Item 19 (Average Revenue/Net Income) disclosed — impossible to assess ROI or profitability
  2. 02HIGHGoing Concern status is FALSE — suggests financial viability concerns at corporate level
  3. 03MINORModest unit growth of 14.3% YoY with only 73 locations — indicates slow system expansion and market saturation risk
  4. 04MINOR10% royalty on gross sales is high relative to average franchise fee ($15k) — cash flow pressure on struggling locations
  5. 05HIGHNo disclosed litigation but Going Concern flag implies potential undisclosed disputes or financial stress

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-based
Protected territory
Yes
Initial term
10 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
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Washington

Item 11

Training & Operations

Classroom training
12 hrs
On-the-job training
42 hrs
POS system
Square register 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

28 numbers

Locked
(818) 818-••••
CA
(503) 860-••••
MO
(971) 600-••••
OR

One-time purchase · CSV download · Validation questions included

FDD download

Bobablastic · FDD (2025) PDF

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