Carre D’artistes
Formerly known as Carré d'artistes
Bottom line
- Total investment $251K – $513K including a $35K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $786K/year.
- Rated CAUTION with a risk score of 68/100.
- No protected territory and the franchisor reserves the right to compete in your area. Clarify territorial boundaries before signing.
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 CARRE D’ARTISTES unit return on the cash you put in?
Unlevered ROIC · per unit
28%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 CARRE D’ARTISTES units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.1M
on $5.5M purchase
Total debt
$4.4M
SBA $2.8M + senior + seller note
Overview
About
Carré d'Artistes franchisees operate art galleries or art-focused retail spaces, likely selling original artwork, prints, and curated pieces to consumers. Daily operations involve customer service, gallery curation, inventory management, and local marketing to drive foot traffic and sales. The $786K average revenue suggests moderate-scale retail operations dependent on foot traffic and tourist/local patronage.
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 · 14 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
Single-unit franchise system with documented regulatory violations, litigation history, going concern issues, and no earnings substantiation presents extreme risk of franchisor insolvency and franchisee failure.
Score breakdown · what drove the 68 / 100 rating
- 01MINOROnly 1 unit reported with unknown growth trajectory suggests system collapse or severe underperformance
- 02HIGHThree concluded breach of contract litigations (2018) plus California DFPI consent order (2022) indicate persistent franchisor compliance and disclosure issues
- 03MINORNo Item 19 (financial performance) disclosure despite $786K average revenue claim — inability or unwillingness to substantiate earnings
- 04HIGHGoing Concern = False indicates financial instability at franchisor level
- 05MINORUnprotected territory creates direct competition risk and cannibalization potential
- 06MEDHigh initial investment ($251K–$512K) relative to single-unit system and undisclosed net income creates negative risk/reward ratio
- 07MINORCalifornia DFPI consent order regarding unaudited financial statements suggests material misrepresentation in past FDD offerings
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
15 numbers
One-time purchase · CSV download · Validation questions included
FDD download
CARRE D’ARTISTES · FDD (2025) PDF