Eight Turn Crepe
Bottom line
- Total investment $206K – $397K including a $40K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $464K/year.
- Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
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 Eight Turn Crepe unit return on the cash you put in?
Unlevered ROIC · per unit
19%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Eight Turn Crepe units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$650K
on $3.3M purchase
Total debt
$2.6M
SBA $1.6M + senior + seller note
Overview
About
Eight Turn Crepe franchisees operate fast-casual crepe restaurants, preparing and serving sweet and savory crepes to customers in dine-in and takeout settings. Day-to-day operations include food preparation, customer service, inventory management, POS systems, and maintaining brand standards in a compact quick-service format.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 18 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
Eight Turn Crepe presents CAUTION-level risk: a micro-franchise system (4 units) with historical regulatory violations, opaque financials (no net income disclosure), and unproven unit economics that make ROI impossible to validate pre-investment.
Score breakdown · what drove the 63 / 100 rating
- 01MINOROnly 4 units in system with 50% YoY growth suggests extremely early-stage franchise with unproven model scalability
- 02MEDNet income not disclosed in Item 19 prevents ROI validation; franchisees cannot benchmark profitability against $205k-$397k investment
- 03HIGH2019 New York Attorney General litigation for unregistered franchise sales indicates compliance/governance issues in predecessor entity
- 04MINORHigh initial investment ($40k franchise fee + $165k-$357k total) relative to only 4 operating units creates concentration risk
- 05MED6% royalty on gross sales with undisclosed net income makes it impossible to calculate actual franchisee take-home profit
- 06HIGHNo 'Going Concern' status (False) is ambiguous—unclear if franchisor has adequate capitalization to support 4 franchisees
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
25 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Eight Turn Crepe · FDD (2024) PDF