FranchiseVerdict
Eggmania logo
FV-00837·MODERATEExcellent81

Eggmania

Food & Beverage - Full ServiceFranchising since 2020Website
Investment
$365K – $450K
48th pct Full Service
Avg revenue
57th pct Full Service
Royalty
6.5%
86th pct Full Service
Units
10
41st pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $365K – $450K including a $35K franchise fee, 6.5% 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 4 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
VRAJ FRANCHISOR, LLC
Incorporated in
New Jersey
HQ
14 Liberty Avenue, Jersey City, New Jersey 07306
Auditor
Muhammad Zubairy, CPA PC
Audited financials
Franchisor revenue
$192K
vs $341K 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 Eggmania 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: $365K–$450K
Working capital
$
FDD reports $25K–$36K

Unlevered ROIC · per unit

25%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$109K
EBITDA margin
14.5%
Total invested
$438K
Payback
48 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

Eggmania franchisees operate quick-service restaurants specializing in egg-based dishes and breakfast/brunch cuisine. Day-to-day operations include food preparation, inventory management, customer service, and staff supervision in a small-format dining environment with protected territorial exclusivity.

CEO
Viral Patel
Founded
2020
FDD year
2024
States available
5

Item 7 · what it costs

The Vitals

Total investment
$365K – $450K
All-in to open one unit
Liquid capital
$25K – $36K
Cash you must have on hand
Franchise fee
$35K
Royalty
6.5%
Percentage of Gross Revenues · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.5%
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
10
Opened
3
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
4
Corporate units in the system
% franchised
60%
vs corporate-owned
Net growth (yr3)
+100.0%
Net unit change last year
3-yr CAGR
+200.0%
Compounded over last 3 years
2022
6+4
Franchised units
2023
3
Franchised units
2024
2
Franchised units

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

Item 20 · 8 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 · 8 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
4
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

65
Risk · 0-100
MODERATE65 / 100

Early-stage franchise with alarming going concern status, zero financial transparency, and insufficient unit data to validate viability — this is a speculative, high-risk investment suitable only for investors comfortable with potential total loss.

Score breakdown · what drove the 65 / 100 rating

  1. 01HIGHGoing Concern status is FALSE — indicates financial viability concerns at franchisor level
  2. 02MEDAverage Revenue and Net Income not disclosed — impossible to assess ROI or validate the $365k-$450k investment thesis
  3. 03MINOROnly 10 total units with 100% YoY growth — extremely small system size makes growth claim statistically weak (grew from 5 units); high failure risk in early-stage franchise
  4. 04MINORNo Item 19 financial performance data — cannot validate profitability claims or compare unit economics
  5. 05MEDRoyalty escalation (6.5% to 7.0%) combined with undisclosed average revenues creates opacity around true franchisee margins

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Geographic area
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
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
New York

Item 11

Training & Operations

Classroom training
48 hrs
On-the-job training
164 hrs
POS system
Toast
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

12 numbers

Locked
(814) 384-••••
VRS Expeditions LLC
VA
(201) 790-••••
Not yet open as of December
MD
(847) 987-••••
Aarudh, Inc.
IL

One-time purchase · CSV download · Validation questions included

FDD download

Eggmania · FDD (2024) PDF

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