Bottom line
- Total investment $85K – $539K including a $46K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.5M/year.
- Rated MODERATE with a risk score of 59/100.
- No protected territory and the franchisor reserves the right to compete in your area. Clarify territorial boundaries before signing.
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 CRDN unit return on the cash you put in?
Unlevered ROIC · per unit
50%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 CRDN units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.5M
on $7.6M purchase
Total debt
$6.1M
SBA $3.8M + senior + seller note
Overview
About
CRDN franchisees operate [brand category not specified in data]. Daily operations likely involve customer-facing service or product delivery, inventory/supply management, and adherence to franchisor standards. Without disclosed net income, the actual profit margin and operational feasibility remain unknown.
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 · 18 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
CRDN presents moderate-to-high risk: undisclosed unit profitability, franchisor financial concerns, unprotected territory, and opaque growth metrics create significant uncertainty for ROI projections.
Score breakdown · what drove the 59 / 100 rating
- 01MEDNo Item 19 (Average Net Income) disclosed — impossible to assess true profitability despite $1.5M average revenue
- 02HIGHGoing Concern status is False — indicates potential financial instability at franchisor level
- 03MINORWide investment range ($84,650–$538,850) suggests inconsistent unit economics or hidden costs
- 04MINORTerritory not protected — franchisees face direct competition from other CRDN locations
- 05MINOR127 units with unknown growth trajectory — no clarity on system expansion or contraction
- 06MINOR6% royalty on gross sales (not net) means profitability erosion regardless of actual margins
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
21 numbers
One-time purchase · CSV download · Validation questions included
FDD download
CRDN · FDD (2025) PDF