Curry House CoCo Ichibanya
Bottom line
- Total investment $908K – $1.4M including a $40K franchise fee, 3.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100. 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 Curry House CoCo Ichibanya unit return on the cash you put in?
Unlevered ROIC · per unit
12%
Below typical band (30–60%)
Overview
About
Franchisees operate Japanese curry rice restaurants featuring CoCo Ichibanya's proprietary menu and cooking methods. Day-to-day operations include food preparation, inventory management, customer service, marketing, and staffing of a quick-service or casual dining location.
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 20 · 15 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
Micro-franchise system with opaque unit economics, no financial performance disclosure, and unvalidated growth trajectory creates substantial investment risk.
Score breakdown · what drove the 65 / 100 rating
- 01MINOROnly 7 units system-wide indicates minimal scale, unproven franchise model, and high risk of brand failure
- 02MINORNo average revenue or net income disclosure (Item 19) prevents ability to assess profitability and ROI on $907K-$1.4M investment
- 03MINORHigh initial investment ($907.5K-$1.4M) with only 3% royalty creates significant break-even burden for single-unit operator
- 04MEDNo disclosed unit growth trajectory—unknown if system is expanding, stagnant, or contracting
- 05MED10-year term commitment with $40K upfront fee locks capital into unproven concept with limited exit strategy
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
19 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Curry House CoCo Ichibanya · FDD (2025) PDF