Fish & Things Poke Bar
Bottom line
- Total investment $471K – $796K 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 65/100. SBA loan default rate of 0.0% across 5 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 Fish & Things Poke Bar unit return on the cash you put in?
Unlevered ROIC · per unit
16%
Below typical band (30–60%)
Overview
About
Franchisees operate fast-casual poke bowl restaurants serving fresh raw fish and customizable toppings. Daily operations include inventory management of perishable proteins, food prep, customer service, and point-of-sale management. The business model depends on consistent foot traffic and quality control across limited menu variations.
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 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
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
Micro-franchise system with Going Concern flag, zero financial transparency, and insufficient unit scale to validate business model viability.
Score breakdown · what drove the 65 / 100 rating
- 01MINORNo Item 19 financial disclosure (average revenue and net income not provided) — impossible to validate ROI claims or compare to $471k-$796k investment
- 02HIGHGoing Concern status is FALSE — suggests potential franchisor financial instability or undisclosed operational challenges
- 03MINOROnly 4 units system-wide — extremely small franchise network limits data reliability and increases franchisor dependency risk
- 04MINOR50% YoY unit growth from 2 to 4 units is statistically insignificant and may not be sustainable or represent market validation
- 05MINORHigh initial investment ($471k-$796k) with no published performance benchmarks creates misalignment of risk/reward
- 06MED6% royalty on undisclosed gross sales means franchisee cost structure cannot be validated pre-investment
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
3 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Fish & Things Poke Bar · FDD (2026) PDF