CoCo / Doka
Formerly known as Infinilush
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.
- Rated STRONG with a risk score of 52/100.
- 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
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 CoCo / Doka unit return on the cash you put in?
Unlevered ROIC · per unit
13%
Below typical band (30–60%)
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.
Item 7 · what it costs
The Vitals
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
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 9 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
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.
Score breakdown · what drove the 52 / 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
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
17 numbers
One-time purchase · CSV download · Validation questions included
FDD download
CoCo / Doka · FDD (2026) PDF