FranchiseVerdict
Chaiwale & Co. logo
FV-00493·AVOIDExcellent95

Chaiwale & Co.

Food & Beverage - Coffee & TeaFranchising since 2025Website
Investment
$211K – $580K
28th pct Coffee & Tea
Avg revenue
$617K
12th pct Coffee & Tea
Royalty
6.0%
50th pct Coffee & Tea
Units
1
6th pct Coffee & Tea
SBA default

Bottom line

  • Total investment $211K – $580K including a $35K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $617K/year. Estimated payback in 3.1 years.
  • Rated AVOID with a risk score of 80/100.
  • Emerging franchise — only 1 year 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
Aardas, LLC
Incorporated in
Wyoming
HQ
177 N Glassell St, Orange, CA 92866
Auditor
Velez Hardy
Audited financials

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 Chaiwale & Co. unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $616,574
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restaurant
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $211K–$580K
Working capital
$
FDD reports $30K–$60K

Unlevered ROIC · per unit

14%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$62K
EBITDA margin
10.0%
Total invested
$440K
Payback
86 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 Chaiwale & Co. 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

$370K

on $1.8M purchase

Total debt

$1.5M

SBA $0.9M + senior + seller note

Overview

About

Chaiwale & Co. franchisees operate tea-focused café concepts serving specialty chai and related beverages. Day-to-day operations involve inventory management, barista training, customer service, and local marketing to drive foot traffic in a protected territory. The model emphasizes premium tea sourcing and craft beverage preparation.

CEO
Shilapjot S. Sadana
Founded
2025
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$211K – $580K
All-in to open one unit
Liquid capital
$30K – $60K
Cash you must have on hand
Franchise fee
$35K
Royalty
6.0%
percentage · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical
Payback period
3.1 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$617K
Per unit, per year
Median gross sales
Item 19 type
Affiliate Owned Outlet
Sample size
1 units
vs category median 13 · small
Transparency
9 / 5
vs category median 2 / 5 · above
Revenue rank12th
vs Food & Beverage - Coffee & Tea peers
Investment cost rank28th
Lower investment ranks lower (better)
Royalty rate rank50th
Lower royalty = lower percentile (better)
Unit count rank6th
vs Food & Beverage - Coffee & Tea peers
Risk score rank98th
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
2023
0+1
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 · 10 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 · 10 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

80
Risk · 0-100
AVOID80 / 100

Chaiwale & Co. presents extreme risk: a non-going-concern franchisor with pending fraud/breach litigation, only one operating unit, and unverified financial claims — avoid unless corporate restructuring and litigation resolution are documented.

Score breakdown · what drove the 80 / 100 rating

  1. 01HIGHGoing concern status is FALSE — indicates potential insolvency or financial distress at corporate level
  2. 02HIGHTwo active lawsuits involving founders (fraud allegations related to Pie Hole dissolution + breach of contract/trademark dilution) suggest governance and legal exposure
  3. 03MINOROnly 1 unit in system with unknown growth trajectory — no track record of scalability or franchisee success replication
  4. 04HIGHHigh investment range ($211K-$579.5K) coupled with single unit and litigation creates severe risk asymmetry
  5. 05HIGHFraud allegations in litigation directly undermine franchisee trust and corporate credibility
  6. 06MINORNo Item 19 financial performance representation available to validate $616K avg revenue claim

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 radius
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
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Wyoming

Item 11

Training & Operations

Classroom training
48 hrs
On-the-job training
22 hrs
POS system
TOAST POS
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

16 numbers

Locked
(503) 378-••••
OR
(808) 586-••••
HI
(605) 773-••••
RI

One-time purchase · CSV download · Validation questions included

FDD download

Chaiwale & Co. · FDD (2025) PDF

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