FranchiseVerdict
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FV-00699·STRONGExcellent91

Dae Gee

Food & Beverage - Full ServiceFranchising since 2021Website
Investment
$480K – $949K
63rd pct Full Service
Avg revenue
$1.1M
22nd pct Full Service
Royalty
5.5%
50th pct Full Service
Units
6
29th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $480K – $949K including a $45K franchise fee, 5.5% ongoing royalty.
  • Average unit revenue of $1.1M/year. Estimated payback in 2.8 years.
  • Rated STRONG with a risk score of 53/100. SBA loan default rate of 0.0% across 8 loans (below the industry average).
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Dae Gee Franchising, LLC
Parent company
Dae Gee Holdings, LLC
Incorporated in
Colorado
HQ
7570 Sheridan Boulevard, Westminster, CO 80003
Auditor
Kezos & Dunlavy
Audited financials
Franchisor revenue
$0
vs $77K prior year
⚠ Going-concern note
Disclosed in FDD 2024
Status as of 2024; may have been resolved in a later filing we don't yet have.

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 Dae Gee unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,100,236
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: $480K–$949K
Working capital
$
FDD reports $15K–$50K

Unlevered ROIC · per unit

24%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$182K
EBITDA margin
16.5%
Total invested
$747K
Payback
49 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 Dae Gee units return on equity?

Edit assumptions

Equity IRR · 5-yr

47.1%

6.88× MOIC

Year-1 DSCR

1.93×

EBITDA ÷ debt service

Equity required

$2.3M

on $10.5M purchase

Total debt

$8.1M

SBA $5.0M + senior + seller note

SBA 7(a) request ($5.2M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Dae Gee franchisees operate a food/beverage concept (likely Korean cuisine based on brand name) serving customers through counter-service or casual dining operations. Day-to-day responsibilities include inventory management, food preparation/quality control, staff scheduling, customer service, and local marketing—typical for a single-unit restaurant franchise.

CEO
Joseph Kim
Founded
2021
FDD year
2024
States available
2

Item 7 · what it costs

The Vitals

Total investment
$480K – $949K
All-in to open one unit
Liquid capital
$15K – $50K
Cash you must have on hand
Franchise fee
$45K
Royalty
5.5%
Percentage of Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.5%
vs 9–13% typical
Payback period
2.8 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$1.1M
Per unit, per year
Median gross sales
Item 19 type
Historical
Sample size
5 units
vs category median 15 · small
Range (low → high)
$573K$1.4M
Cohort dispersion
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank22th
vs Food & Beverage - Full Service peers
Investment cost rank63th
Lower investment ranks lower (better)
Royalty rate rank50th
Lower royalty = lower percentile (better)
Unit count rank29th
vs Food & Beverage - Full Service peers
Risk score rank24th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
6
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
4
Corporate units in the system
% franchised
33%
vs corporate-owned
Multi-unit owners
1.0%
2022
2+1
Franchised units
2023
0
Franchised units
2024
0
Franchised units

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

Item 20 · 5 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 · 5 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
8
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

53
Risk · 0-100
STRONG53 / 100

Dae Gee presents caution-level risk due to micro-scale system, opaque unit growth, and unvalidated financial projections without franchisee performance disclosures.

Score breakdown · what drove the 53 / 100 rating

  1. 01MEDOnly 6 units system-wide indicates minimal scale, limited peer support network, and unproven replicability
  2. 02MEDNo disclosed unit growth history despite 10-year franchise model suggests stagnation or undisclosed closures
  3. 03MINORHigh capital requirement ($479k-$948k) against only 6 operating units creates survivorship uncertainty
  4. 04MINOR27% net margin reported seems optimistic without Item 19 financial disclosures to validate claims
  5. 05MINORUnknown franchise fee justification ($45k) for brand with no demonstrable franchise development track record

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
Colorado

Item 11

Training & Operations

Classroom training
45 hrs
On-the-job training
27 hrs
POS system
POS system of your choice
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

6 numbers

Locked
(609) 440-••••
NJ
(317) 232-••••
IN
(303) 842-••••
CO

One-time purchase · CSV download · Validation questions included

FDD download

Dae Gee · FDD (2024) PDF

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