FranchiseVerdict
Coffee and Water Lab logo
FV-00587·CAUTIONExcellent91

Coffee and Water Lab

Food & Beverage - Coffee & TeaFranchising since 2025Website
Investment
$441K – $838K
71st pct Coffee & Tea
Avg revenue
$1.4M
44th pct Coffee & Tea
Royalty
4.0%
7th pct Coffee & Tea
Units
1
6th pct Coffee & Tea
SBA default

Bottom line

  • Total investment $441K – $838K including a $40K franchise fee, 4.0% ongoing royalty.
  • Average unit revenue of $1.4M/year (median $1.4M).
  • Rated CAUTION with a risk score of 70/100.
  • 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
Next Wave Coffee, LLC
Incorporated in
Wyoming
HQ
30 N Gould St, Ste R, Sheridan, WY 82801
Auditor
Muhammad Zubairy, CPA PC
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 Coffee and Water Lab unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,402,198
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: $441K–$838K
Working capital
$
FDD reports $60K–$100K

Unlevered ROIC · per unit

25%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$182K
EBITDA margin
13.0%
Total invested
$720K
Payback
47 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 Coffee and Water Lab 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

$1.7M

on $8.4M purchase

Total debt

$6.7M

SBA $4.2M + senior + seller note

Overview

About

Franchisees operate a specialty café combining premium coffee service with branded water products or hydration-focused beverages. Day-to-day operations likely include customer service, inventory management of coffee/water products, equipment maintenance, and local marketing within their protected territory.

CEO
Luis Pedroza
Founded
2024
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$441K – $838K
All-in to open one unit
Liquid capital
$60K – $100K
Cash you must have on hand
Franchise fee
$40K
Royalty
4.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
5.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.4M
Per unit, per year
Median gross sales
$1.4M
Item 19 type
Affiliate-owned outlet
Sample size
1 units
vs category median 13 · small
Range (low → high)
$1.4M$1.4M
Cohort dispersion
Transparency
6 / 5
vs category median 2 / 5 · above
Revenue rank44th
vs Food & Beverage - Coffee & Tea peers
Investment cost rank71th
Lower investment ranks lower (better)
Royalty rate rank7th
Lower royalty = lower percentile (better)
Unit count rank6th
vs Food & Beverage - Coffee & Tea peers
Risk score rank74th
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±0
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 · 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).

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 · 14 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

70
Risk · 0-100
CAUTION70 / 100

Single-unit system with undisclosed financials and going concern issues presents extreme difficulty validating investment viability; franchisor stability is primary concern.

Score breakdown · what drove the 70 / 100 rating

  1. 01MINOROnly 1 unit in system with unknown growth trajectory indicates nascent/stalled expansion
  2. 02HIGHGoing Concern status is FALSE — suggests financial instability or uncertainty about franchisor viability
  3. 03MEDNet Income not disclosed — unable to validate profitability claims or ROI on $441k-$838k investment
  4. 04MINORMassive investment range ($397k spread) indicates unclear unit economics or inconsistent cost structure
  5. 05MINORSingle unit makes validation impossible — no comparable franchisee performance data
  6. 06MINOR4% royalty is low but irrelevant if franchisor cannot support franchise system growth

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius or political boundaries based on population
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
Wyoming

Item 11

Training & Operations

Classroom training
42 hrs
On-the-job training
13 hrs
POS system
Square 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
(808) 586-••••
HI
(410) 576-••••
MD
(401) 462-••••
RI

One-time purchase · CSV download · Validation questions included

FDD download

Coffee and Water Lab · FDD (2025) PDF

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