FranchiseVerdict
ConDecor Superstore logo
FV-00614·MODERATEExcellent86

ConDecor Superstore

RetailFranchising since 2019Website
Investment
$269K – $384K
68th pct Retail
Avg revenue
$1.2M
39th pct Retail
Royalty
6.0%
41st pct Retail
Units
3
5th pct Retail
SBA default

Bottom line

  • Total investment $269K – $384K including a $60K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $1.2M/year.
  • Rated MODERATE with a risk score of 60/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
ConDecor Superstore, LLC
Incorporated in
Texas
HQ
231 E. Nakoma Street, Suite 100, San Antonio, Texas 78216
Auditor
Adrian Webb, CPA
Audited financials
Franchisor revenue
$0
vs $64K prior year

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 ConDecor Superstore unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,249,706
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: retail
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $269K–$384K
Working capital
$
FDD reports $30K–$50K

Unlevered ROIC · per unit

29%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$106K
EBITDA margin
8.5%
Total invested
$366K
Payback
41 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 ConDecor Superstore 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

$375K

on $1.9M purchase

Total debt

$1.5M

SBA $0.9M + senior + seller note

Overview

About

ConDecor Superstore franchisees operate retail locations selling home décor, furnishings, and interior design products. Day-to-day operations include inventory management, staff supervision, customer sales/design consultation, and local marketing within their protected territory.

CEO
Karen Cavazos
Founded
2019
FDD year
2025
States available
2

Item 7 · what it costs

The Vitals

Total investment
$269K – $384K
All-in to open one unit
Liquid capital
$30K – $50K
Cash you must have on hand
Franchise fee
$60K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
0.5%
typical 3–5%
Total fee load
48.5%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.2M
Per unit, per year
Median gross sales
Item 19 type
Gross Sales
Sample size
2 units
vs category median 52 · small
Range (low → high)
$511K$2.4M
Cohort dispersion
Transparency
3 / 5
vs category median 3 / 5 · typical
Revenue rank39th
vs Retail peers
Investment cost rank68th
Lower investment ranks lower (better)
Royalty rate rank41th
Lower royalty = lower percentile (better)
Unit count rank5th
vs Retail peers
Risk score rank52th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
3
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
2
Corporate units in the system
% franchised
33%
vs corporate-owned
2023
1+1
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 12 · 2 states reported

The Territory Map

FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.

2

states with franchisees (per FDD Item 12)

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

60
Risk · 0-100
MODERATE60 / 100

Nascent franchise system with questionable franchisor viability, minimal operating units, undisclosed profitability metrics, and unproven unit economics presents substantial risk despite protected territory.

Score breakdown · what drove the 60 / 100 rating

  1. 01HIGHGoing Concern status is FALSE — indicates potential franchisor financial distress or viability questions
  2. 02MEDOnly 3 units in system with unknown growth trajectory — extremely limited track record and scaling concerns
  3. 03MEDNet Income not disclosed in FDD Item 19 — cannot validate actual profitability claims against $1.25M average revenue
  4. 04MINORHigh initial investment range ($269K-$384K) relative to only 3 operating units suggests insufficient proof of concept
  5. 05MINOR6% royalty on gross sales (not net) creates fixed cost burden regardless of profitability

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Zip Code
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Texas

Item 11

Training & Operations

Classroom training
24 hrs
On-the-job training
52 hrs
POS system
Quickbooks On-line Plus
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

1 numbers

Locked
(323) 806-••••
HollandOlsonCA LLC
CA

One-time purchase · CSV download · Validation questions included

FDD download

ConDecor Superstore · FDD (2025) PDF

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