Bottom line
- Total investment $119K – $183K including a $100K franchise fee, 33.3% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 28 loans (below the industry average).
- 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 Goodcents unit return on the cash you put in?
Unlevered ROIC · per unit
-61%
Negative
Overview
About
Goodcents franchisees operate submarine sandwich and quick-service restaurants, managing food preparation, point-of-sale operations, inventory, staffing, and customer service. Day-to-day responsibilities include production of customizable sandwiches, managing supplier relationships, and maintaining food safety standards in a fast-casual format.
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 · 5 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
Goodcents presents material risks due to undisclosed financials, micro-scale operations, punitive royalty structure, and lack of performance data despite substantial capital requirements.
Score breakdown · what drove the 57 / 100 rating
- 01MINORExtremely high royalty rate (33.33%) on continuing fees creates severe cash flow pressure and limits franchisee profitability
- 02MEDOnly 5 operating units with no disclosed average revenue/net income makes performance validation impossible
- 03MINOR67% YoY unit growth appears positive but from a micro base (3→5 units) indicates unstable franchise system
- 04HIGHGoing Concern status is False but paired with minimal disclosure suggests financial stress at franchisor level
- 05MINORNo Item 19 financial performance representations prevents informed ROI projections
- 06MINORHigh initial investment ($119K-$182.5K) relative to tiny unit base raises sustainability questions
- 07MINOR5-year term is relatively short and may indicate franchisor uncertainty about system viability
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
6 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Goodcents · FDD (2024) PDF