FranchiseVerdict
Chocolate Bash logo
FV-00527·STRONGExcellent81

Chocolate Bash

Food & Beverage - Ice Cream & DessertsFranchising since 2022Website
Investment
$203K – $385K
36th pct Ice Cream & D…
Avg revenue
59th pct Ice Cream & D…
Royalty
6.0%
27th pct Ice Cream & D…
Units
16
44th pct Ice Cream & D…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $203K – $385K including a $35K franchise fee, 6.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 6 loans (below the industry average).
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Chocolate Bash Franchising, LLC
Incorporated in
Wyoming
HQ
15441 Red Hill Ave., Suite C, Tustin CA 92780
Auditor
Muhammad Zubairy, CPA PC
Audited financials
Franchisor revenue
$217K
vs $409K prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Chocolate Bash 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: restaurant
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $203K–$385K
Working capital
$
FDD reports $40K–$75K

Unlevered ROIC · per unit

21%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$75K
EBITDA margin
10.0%
Total invested
$351K
Payback
56 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

Chocolate Bash franchisees operate chocolate-focused retail or experiential venues, likely selling chocolate products, confections, and possibly offering tasting experiences or classes. Day-to-day operations typically involve inventory management, customer service, point-of-sale transactions, and marketing within their protected territory.

CEO
Rasha Albasha
Founded
2019
FDD year
2025
States available
2

Item 7 · what it costs

The Vitals

Total investment
$203K – $385K
All-in to open one unit
Liquid capital
$40K – $75K
Cash you must have on hand
Franchise fee
$35K
Royalty
6.0%
Fixed percentage · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
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
16
Opened
5
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
3
Corporate units in the system
% franchised
81%
vs corporate-owned
Net growth (yr3)
+62.5%
Net unit change last year
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2023
13+5
Franchised units
2024
8
Franchised units
2025
4
Franchised units

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

Item 20 · 7 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 · 7 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.

Total loans
6
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

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

Risk & Legal

52
Risk · 0-100
STRONG52 / 100

Chocolate Bash shows aggressive growth but lacks financial transparency, small system scale, and going concern issues that create meaningful risk for franchisees investing $200K+.

Score breakdown · what drove the 52 / 100 rating

  1. 01MEDNo Item 19 financial performance data disclosed — unable to validate revenue/profitability claims
  2. 02MINORRapid unit growth (62.5% YoY) is unsustainable and may indicate aggressive recruiting over franchisee success
  3. 03MINORHigh initial investment range ($202K-$385K) with no transparent ROI benchmarks creates financial risk
  4. 04MINORSmall unit base (16 locations) limits system stability and makes growth rate volatility concerning
  5. 05HIGHGoing concern status suggests potential franchisor financial instability despite growth claims

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
Online sales rights
Granted
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
California

Item 11

Training & Operations

Classroom training
64 hrs
On-the-job training
56 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

14 numbers

Locked
(317) 232-••••
IL
(701) 328-••••
ND
(217) 782-••••
HI

One-time purchase · CSV download · Validation questions included

FDD download

Chocolate Bash · FDD (2025) PDF

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