Country Waffles Breakfast & Lunch
Bottom line
- Total investment $312K – $809K including a $35K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
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 Country Waffles Breakfast & Lunch unit return on the cash you put in?
Unlevered ROIC · per unit
19%
Below typical band (30–60%)
Overview
About
Franchisees operate casual breakfast and lunch restaurants serving waffles, pancakes, and related comfort food items. Day-to-day responsibilities include managing kitchen and front-of-house staff, sourcing ingredients, maintaining brand consistency, handling inventory, managing customer service, and driving local marketing to compete in the crowded breakfast/lunch segment.
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 12 · 1 state 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.
1
states with franchisees (per FDD Item 12)
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
Country Waffles presents CAUTION-level risk due to undisclosed unit economics, minimal system growth, and lack of performance transparency that prevents informed investment analysis.
Score breakdown · what drove the 63 / 100 rating
- 01MINORNo Item 19 financial performance disclosure (revenue/net income) makes ROI validation impossible
- 02MEDMinimal system growth of 6.7% YoY with only 16 units suggests limited scalability or market validation
- 03MINORWide investment range ($311,800–$808,600) indicates inconsistent build-out costs or territory variability
- 04HIGHNo going concern statement is unusual and may indicate financial uncertainty at corporate level
- 05MINORHigh franchise fee ($35,000) relative to system size and growth rate suggests reliance on recruitment vs. franchisee success
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.
FDD download
Country Waffles Breakfast & Lunch · FDD (2023) PDF