FranchiseVerdict
INCHIN'S BAMBOO GARDEN logo
FV-01288·MODERATEExcellent86

Inchin's Bamboo Garden

Food & Beverage - Full ServiceFranchising since 2006Website
Investment
$634K – $866K
75th pct Full Service
Avg revenue
57th pct Full Service
Royalty
6.0%
54th pct Full Service
Units
21
55th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $634K – $866K including a $25K 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 62/100. SBA loan default rate of 0.0% across 6 loans (below the industry average).
  • System contracting at -13.0% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Inchins Bamboo Garden Franchising LLC
Parent company
no parent entity that controls us
Incorporated in
Georgia
HQ
11105 State Bridge Road, Suite 200, Alpharetta, Georgia 30022
Auditor
Michael Hall LLC
Audited financials
Franchisor revenue
$5.7M
vs $5.0M 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 INCHIN'S BAMBOO GARDEN 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: $634K–$866K
Working capital
$
FDD reports $9K–$22K

Unlevered ROIC · per unit

16%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$765K
Payback
77 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

Inchin's Bamboo Garden franchisees operate casual-dining Asian restaurants serving noodles, bamboo shoots, and Asian cuisine. Day-to-day operations include managing kitchen and front-of-house staff, food sourcing and preparation, customer service, and local marketing within a protected territory. Franchisees are responsible for lease negotiation, build-out compliance, staffing, and maintaining brand standards while paying 6% of gross sales in royalties.

CEO
Amitabh Agrawal
Founded
2006
FDD year
2025
States available
13

Item 7 · what it costs

The Vitals

Total investment
$634K – $866K
All-in to open one unit
Liquid capital
$9K – $22K
Cash you must have on hand
Franchise fee
$25K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
7.0%
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
21
Opened
4
Last reporting year
Closed
2
Turnover rate
9.5%
Company-owned
1
Corporate units in the system
% franchised
95%
vs corporate-owned
Multi-unit owners
1.0%
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
-13.0%
Compounded over last 3 years
2023
20-1
Franchised units
2024
20
Franchised units
2025
23
Franchised units

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

Item 20 · 22 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 · 22 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.

Total loans
6
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

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

Risk & Legal

62
Risk · 0-100
MODERATE62 / 100

Inchin's Bamboo Garden presents CAUTION-to-HIGH RISK due to recent regulatory violation, absent financial disclosures, stagnant unit count, and going concern flag—unsuitable for risk-averse investors without extensive current franchisee validation.

Score breakdown · what drove the 62 / 100 rating

  1. 01MINORRegulatory violation in 2024: WADFI alleged unregistered franchise sales (2017); franchisor signed Consent Order without admitting wrongdoing, suggesting compliance gaps
  2. 02MEDNo Item 19 financial disclosure: Average revenue and net income not disclosed, preventing ROI analysis on $633,500-$866,000 investment with 6% royalty burden
  3. 03MEDStagnant or undisclosed unit growth: Only 21 units with no growth trajectory provided; mature systems typically show 30+ units or documented expansion
  4. 04HIGHGoing Concern status: Marked as 'False' suggests potential financial instability or structural concerns at franchisor level
  5. 05MINOROpaque financial performance: 6% royalty on unknown revenue streams creates uncertainty about actual franchisee profitability and break-even timelines

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
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Georgia

Item 11

Training & Operations

Classroom training
50 hrs
On-the-job training
42 hrs
POS system
Toast POS System
Operating tech stack

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

36 numbers

Locked
(404) 271-••••
The Franchisor is Inchins Bamboo Garden Franchising LLC located at
GA
(408) 471-••••
CA
(925) 415-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

INCHIN'S BAMBOO GARDEN · FDD (2025) PDF

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