CoCo / DokaFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A CoCo / Doka franchise requires a total initial investment of $221K – $1.3M, including a $40K franchise fee and an ongoing 2.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $221K – $1.3M
- 38th pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 2.0%
- 1st pct Service Resta…
- Units
- 36
- 57th pct Service Resta…
- SBA default
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $221K – $1.3M including a $40K franchise fee, 2.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict B (Above Average) with a risk score of 54/100.
- Auditor disclosed a going-concern note, which 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
- Infinilush Company Limited
- Parent company
- Auster-Celeucus Holding Pte Ltd
- Predecessor
- Beyond International Co
- Prior franchisor entity
- Incorporated in
- CA
- HQ
- 652 Market Street, San Francisco, California 94104
- Auditor
- Wu Hoover & Co. LLP
- Audited financials
- Franchisor revenue
- $2.1M
- vs $2.4M prior year
- ⚠ Going-concern note
- Disclosed in FDD 2026
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
CoCo/Doka franchisees operate bubble tea and specialty beverage retail locations, focusing on point-of-sale service, inventory management, staff training, and local marketing. Day-to-day operations include drink preparation, customer service, equipment maintenance, and achieving sales targets with minimal disclosed guidance on expected volumes or margins.
- CEO
- Warren Chen
- Headquarters
- CA
- Founded
- 2018
- FDD year
- 2026
- States available
- 8
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $40K | $40K |
| Working capital (3–6 mo) | $20K | $40K |
| Equipment, build-out, other | $161K | $1.3M |
| Total initial investment | $221K | $1.3M |
Source: CoCo / Doka 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $221K – $1.3M
- Better than avg vs category
- Liquid capital req'd
- $20K – $40K
- Near category avg vs category
- Franchise fee
- $40K – $120K
- Below avg, review vs category
- Royalty
- 2.0%
- Net Sales · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 4.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 2.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $400 |
| Transfer fee | $20K |
| Inventory (initial) | $48K – $65K |
| Total fee load | 4.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Quick-Service Restaurants averages
How CoCo / Doka Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 36
- Opened
- 5
- Last reporting year
- Closed
- 3
- Turnover rate
- 8.3%
- Company-owned
- 20
- Corporate units in the system
- % franchised
- 44%
- vs corporate-owned
- Net growth (yr3)
- +14.3%
- Net unit change last year
- 3-yr CAGR
- +45.5%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Illinois
- Michigan
- South Dakota
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage beverage franchise with opaque unit economics, minimal scale, and no disclosed profitability data—suitable only for investors willing to pioneer an unproven concept.
Litigation (Item 3)
0 case reference(s): 3 pending, 0 settled.
Bankruptcy (Item 4)
Disclosed in last 7 years
Bankruptcy Code; (b) obtained a discharge of its debts under the bankruptcy code; or (c) was a principal officer of a company or a general partner in a partnership that either filed as a debtor (or had filed against it) a petition to start an action under the U.S. Bankruptcy Code or that obtained a
Audited financials (Item 21)
Yes · Wu Hoover & Co. LLP⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 54 / 100 rating
- 01MINORNo Item 19 financial disclosure (average unit volumes and profitability completely unknown)
- 02MINORWide investment range ($221K-$1.35M) suggests inconsistent unit economics or unclear cost structure
- 03MINORModest unit growth of 14.3% YoY with only 36 total units indicates nascent/struggling system scale
- 04MINORLow 2% royalty rate may indicate weak franchisor support or cash flow concerns for system oversight
- 05MINOR5-year term is shorter than industry standard (7-10 years), creating renewal uncertainty risk
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 3 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 3 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 18 hrs
- On-the-job training
- 62 hrs
- Training location
- On-site and corporate
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
4 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
CoCo / Doka · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a CoCo / Doka franchise?
The total investment to open a CoCo / Doka franchise ranges from $221K – $1.3M, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do CoCo / Doka franchise owners earn?
CoCo / Doka does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is CoCo / Doka's franchise failure rate?
SBA 7(a) loan charge-off data is not available for CoCo / Doka (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many CoCo / Doka franchise locations are there?
As of their most recent FDD filing, CoCo / Doka has 36 total units in the United States, including 11 franchised units and 20 company-owned units. 5 new units were opened in the latest reporting year.
Is CoCo / Doka a good franchise to buy?
FranchiseVerdict rates CoCo / Doka as a B-grade franchise with a risk score of 54 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.