Bottom line
- Total investment $68K – $79K including a $50K franchise fee, 8.0% ongoing royalty.
- Average unit revenue of $361K/year (median $236K).
- Rated MODERATE with a risk score of 59/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
- System contracting at -29.9% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
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 COMPLETE WEDDINGS + EVENTS unit return on the cash you put in?
Unlevered ROIC · per unit
63%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 COMPLETE WEDDINGS + EVENTS units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$433K
on $2.2M purchase
Total debt
$1.7M
SBA $1.1M + senior + seller note
Overview
About
Complete Weddings + Events franchisees operate event planning and coordination businesses, managing wedding ceremonies, receptions, corporate events, and special occasions. Day-to-day operations involve client consultations, vendor management, logistics coordination, timeline planning, and on-site event execution. Franchisees typically generate revenue through service fees and vendor commissions.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 25 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
A stagnant events franchise with a history of regulatory compliance failures, undisclosed profitability metrics, and high ongoing costs relative to disclosed average revenue.
Score breakdown · what drove the 59 / 100 rating
- 01MINORMultiple state regulatory actions (Illinois, Indiana, Minnesota) indicating compliance failures and unregistered franchise offerings across three years
- 02MINORStagnant unit growth of only 3.0% YoY with 69 locations suggests market saturation or franchisee dissatisfaction in mature system
- 03MINORNo Item 19 (Net Income) disclosure prevents validation of $361k average revenue claim and obscures true profitability for franchisee ROI calculation
- 04MINORHigh royalty rate of 8% on gross receipts combined with $50k franchise fee creates cash flow pressure, especially if net margins are thin
- 05HIGHGoing Concern status = False is ambiguous but combined with regulatory issues raises questions about franchisor financial stability and support resources
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
43 numbers
One-time purchase · CSV download · Validation questions included
FDD download
COMPLETE WEDDINGS + EVENTS · FDD (2024) PDF