FranchiseVerdict
Curry Up Now logo
FV-00688·MODERATEExcellent81

Curry Up Now

Formerly known as Francon

Food & Beverage - Full ServiceFranchising since 2017Website
Investment
$312K – $1.7M
38th pct Full Service
Avg revenue
57th pct Full Service
Royalty
6.0%
54th pct Full Service
Units
19
53rd pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $312K – $1.7M including a $35K franchise fee, 6.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 3 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

Legal entity
Francun Inc.
Parent company
The Great Indian Food Company, Inc.
Incorporated in
Delaware
HQ
800 Airport Boulevard #411, Burlingame, California 94010
Auditor
MUHAMMAD ZUBAIRY, CPA PC
Audited financials
Franchisor revenue
$757K
vs $694K 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 Curry Up Now unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $312K–$1.7M
Working capital
$
FDD reports $15K–$75K

Unlevered ROIC · per unit

10%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$105K
EBITDA margin
14.0%
Total invested
$1.0M
Payback
119 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.

Overview

About

Curry Up Now franchisees operate fast-casual Indian cuisine restaurants, primarily serving modern curries, bowls, and Indian street food. Day-to-day operations include food preparation, inventory management, customer service, and point-of-sale management in high-traffic retail or ghost kitchen locations.

CEO
Akash Kapoor
Founded
2017
FDD year
2024
States available
3

Item 7 · what it costs

The Vitals

Total investment
$312K – $1.7M
All-in to open one unit
Liquid capital
$15K – $75K
Cash you must have on hand
Franchise fee
$35K
Royalty
6.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
3.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

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

Total units
19
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
8
Corporate units in the system
% franchised
58%
vs corporate-owned
Net growth (yr3)
+10.0%
Net unit change last year
3-yr CAGR
+37.5%
Compounded over last 3 years
2022
11+1
Franchised units
2023
10
Franchised units
2024
8
Franchised units

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

Item 20 · 16 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 16 states
Not registered

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.

Total loans
3
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

64
Risk · 0-100
MODERATE64 / 100

Curry Up Now presents elevated risk due to non-disclosure of unit economics, going concern uncertainty, anemic unit growth, and an extremely wide investment range that lacks transparency.

Score breakdown · what drove the 64 / 100 rating

  1. 01MEDNo Item 19 financial disclosure (average revenue and net income not disclosed) — impossible to validate ROI claims
  2. 02HIGHGoing Concern status is FALSE — suggests franchisor may have disclosed material uncertainty about ability to continue operations
  3. 03MINORVery wide investment range ($312K-$1.68M) with no clear correlation to unit type or market — indicates inconsistent unit economics
  4. 04MEDSlow unit growth of only 10% YoY across just 19 units — suggests limited system momentum and market traction
  5. 05HIGHNo litigation disclosed but going concern issues raise questions about franchisor financial health and potential undisclosed disputes

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 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
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
California

Item 11

Training & Operations

Classroom training
17 hrs
On-the-job training
100 hrs
POS system
Revel
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

18 numbers

Locked
(860) 240-••••
CT
(317) 232-••••
IN
(212) 416-••••
NY

One-time purchase · CSV download · Validation questions included

FDD download

Curry Up Now · FDD (2024) PDF

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