FranchiseVerdict
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FV-01085·MODERATEStandard76

Goobne

Food & Beverage - Full ServiceFranchising since 2025Website
Investment
$339K – $679K
44th pct Full Service
Avg revenue
57th pct Full Service
Royalty
4.5%
13th pct Full Service
Units
4
20th pct Full Service
SBA default

Bottom line

  • Total investment $339K – $679K including a $35K franchise fee, 4.5% 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.
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
GN-USA, Inc.
Parent company
GN Food Co., Ltd. (“Goobne Korea”)
Incorporated in
Texas
HQ
2423 Fruitland Ave., Farmers Branch, TX 75234
Auditor
Irvine CPAs & Associates
Audited financials
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Goobne 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: $339K–$679K
Working capital
$
FDD reports $40K–$66K

Unlevered ROIC · per unit

23%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$128K
EBITDA margin
17.0%
Total invested
$562K
Payback
53 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

Goobne franchisees operate Korean fried chicken restaurants, managing daily food preparation, inventory, customer service, and staff. Day-to-day activities include cooking specialty chicken dishes, managing front-of-house operations, and handling delivery/takeout orders. Franchisees must maintain brand standards while competing in a saturated QSR market with no geographic exclusivity.

CEO
Jae Suk Jung
Founded
2025
FDD year
2025
States available
2

Item 7 · what it costs

The Vitals

Total investment
$339K – $679K
All-in to open one unit
Liquid capital
$40K – $66K
Cash you must have on hand
Franchise fee
$35K
Royalty
4.5%
of Gross Sales · typical 6–8%
Ad fund
1.5%
typical 3–5%
Total fee load
6.0%
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
4
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
4
Corporate units in the system
% franchised
0%
vs corporate-owned
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 20 · 4 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 · 4 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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

65
Risk · 0-100
MODERATE65 / 100

Goobne presents high risk: a micro-system with only 4 units, zero financial transparency, no territory protection, and insufficient data to validate unit economics or franchisee success rates.

Score breakdown · what drove the 65 / 100 rating

  1. 01MEDExtremely limited unit count (4 locations) suggests early-stage/struggling system with unproven model
  2. 02MINORNo average revenue or net income disclosure prevents ROI assessment and suggests weak franchisee performance
  3. 03MEDHigh initial investment range ($338.5K–$678.5K) with no disclosed payback period or profitability benchmarks
  4. 04MINORZero territory protection exposes franchisees to direct brand competition and cannibalization
  5. 05MINORMinimal franchise fee ($35K) relative to total investment may indicate undercapitalized franchisor support
  6. 06MINOR5-year term is short; suggests franchisor uncertainty about system viability or franchisee success
  7. 07MEDNo disclosed growth trajectory despite being established enough to franchise

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
radius
Protected territory
No
Initial term
5 years
Renewal term
5 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
Optional
Governing law
Texas

Item 11

Training & Operations

Classroom training
33 hrs
On-the-job training
54 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

4 numbers

Locked
(360) 902-••••
WA
(212) 416-••••
NY
(317) 232-••••
IN

One-time purchase · CSV download · Validation questions included

FDD download

Goobne · FDD (2025) PDF

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