FranchiseVerdict
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FV-01022·MODERATEExcellent91

Funcation Station

Education - Children's ProgramsFranchising since 2023Website
Investment
$57K – $135K
25th pct Children's Pr…
Avg revenue
$376K
26th pct Children's Pr…
Royalty
8.0%
56th pct Children's Pr…
Units
3
20th pct Children's Pr…
SBA default

Bottom line

  • Total investment $57K – $135K including a $25K franchise fee, 8.0% ongoing royalty.
  • Average unit revenue of $376K/year. Estimated payback in 0.6 years.
  • Rated MODERATE with a risk score of 60/100.
  • Emerging franchise — only 3 years of franchising with 3 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Funcation Station Franchising, LLC
Incorporated in
New York
HQ
60 South 2nd Street, Deer Park, New York 11729
Auditor
Metwally CPA PLLC
Audited financials
Franchisor revenue
$300
vs $16K 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 Funcation Station unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $375,705
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: education
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $57K–$135K
Working capital
$
FDD reports $7K–$17K

Unlevered ROIC · per unit

45%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$49K
EBITDA margin
13.0%
Total invested
$108K
Payback
26 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 Funcation Station units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$451K

on $2.3M purchase

Total debt

$1.8M

SBA $1.1M + senior + seller note

Overview

About

Funcation Station franchisees operate entertainment venues (likely indoor play spaces, arcade, or activity centers) catering to children and families. Daily operations involve managing facility safety/cleanliness, staffing, customer service, equipment maintenance, and driving foot traffic through local marketing and group bookings.

CEO
Joshua Montalban
Founded
2023
FDD year
2025
States available
2

Item 7 · what it costs

The Vitals

Total investment
$57K – $135K
All-in to open one unit
Liquid capital
$7K – $17K
Cash you must have on hand
Franchise fee
$25K
Royalty
8.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
10.0%
vs 9–13% typical
Payback period
0.6 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$376K
Per unit, per year
Median gross sales
Item 19 type
Actual
Sample size
1 units
vs category median 16 · small
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank26th
vs Education - Children's Programs peers
Investment cost rank25th
Lower investment ranks lower (better)
Royalty rate rank56th
Lower royalty = lower percentile (better)
Unit count rank20th
vs Education - Children's Programs peers
Risk score rank46th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
3
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
67%
vs corporate-owned
2023
2+2
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 12 · 2 states 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.

2

states with franchisees (per FDD Item 12)

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

60
Risk · 0-100
MODERATE60 / 100

Funcation Station presents high-risk profile due to micro-scale system (3 units), unverified financial claims, going concern issues, and absence of audited performance data — classic early-stage franchise with existential franchisor stability concerns.

Score breakdown · what drove the 60 / 100 rating

  1. 01MINOROnly 3 operating units with unknown growth trajectory indicates extremely small, unproven system with high failure risk
  2. 02HIGHGoing Concern status is FALSE — suggests franchisor financial instability or viability questions
  3. 03MEDNo Item 19 (financial performance representations) disclosed — cannot verify claimed $375,705 avg revenue or $153,791 net income figures
  4. 04MINOR8% royalty on $375K average revenue = $30K annual royalties, which represents 19.5% of claimed net income — unsustainably high cost structure
  5. 05MEDMassive investment range spread ($57K-$134K) suggests inconsistent unit economics or hidden costs not fully disclosed
  6. 06MINORFranchise fee ($25K) is 44% of minimum investment floor — disproportionately high upfront cost relative to total investment

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Population
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
Required
Governing law
New York

Item 11

Training & Operations

Classroom training
15 hrs
On-the-job training
25 hrs

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

7 numbers

Locked
(860) 117-••••
CT
(090) 128-••••
(020) 140-••••

One-time purchase · CSV download · Validation questions included

FDD download

Funcation Station · FDD (2025) PDF

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