Eiffel Waffle
Formerly known as The Belgian Waffle Co.
Bottom line
- Total investment $209K – $338K including a $40K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 72/100.
- 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 Eiffel Waffle unit return on the cash you put in?
Unlevered ROIC · per unit
23%
Below typical band (30–60%)
Overview
About
Franchisees operate small waffle retail shops, preparing and selling Belgian-style or French waffles and related products. Day-to-day activities include waffle production, customer service, inventory management, and local marketing within their protected territory.
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 · 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).
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
Eiffel Waffle presents HIGH RISK due to going concern status, micro-scale unit count, complete absence of financial performance data, and structural royalty burden that may exceed typical QSR margins.
Score breakdown · what drove the 72 / 100 rating
- 01HIGHGoing concern status is FALSE — indicates potential financial instability or undisclosed operational issues at corporate level
- 02MEDOnly 6 total units system-wide suggests extremely limited scale, unproven model replicability, and minimal support infrastructure
- 03MINORNo average revenue or net income disclosure in FDD Item 19 — impossible to assess ROI or validate $208k-$338k investment justification
- 04MEDFranchise fee ($40k) represents 19-24% of total investment with no disclosed unit economics to justify cost
- 05MINORSemi-monthly royalty structure on gross revenue (not net) creates cash flow pressure regardless of profitability
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
18 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Eiffel Waffle · FDD (2025) PDF