FranchiseVerdict
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FV-01289·MODERATEExcellent91

iniBurger

Food & Beverage - Full ServiceFranchising since 2022Website
Investment
$302K – $686K
36th pct Full Service
Avg revenue
$1.3M
26th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
4
20th pct Full Service
SBA default

Bottom line

  • Total investment $302K – $686K including a $30K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $1.3M/year (median $1.2M).
  • Rated MODERATE with a risk score of 63/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
INIBURGER FRANCHISING LLC
Parent company
FADA Ventures LLC
Incorporated in
California
HQ
4900 Hopyard Road, #100, Pleasanton, California 94588
Auditor
REESE CPA LLC
Audited financials
Franchisor revenue
$61K
vs $221K 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 iniBurger unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,269,235
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: $302K–$686K
Working capital
$
FDD reports $20K–$80K

Unlevered ROIC · per unit

35%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$190K
EBITDA margin
15.0%
Total invested
$544K
Payback
34 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 iniBurger units return on equity?

Edit assumptions

Equity IRR · 5-yr

48.9%

7.31× MOIC

Year-1 DSCR

1.90×

EBITDA ÷ debt service

Equity required

$2.1M

on $10.2M purchase

Total debt

$8.0M

SBA $5.0M + senior + seller note

SBA 7(a) request ($5.1M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

iniBurger franchisees operate quick-service burger restaurants, managing food preparation, customer service, inventory, and point-of-sale operations. Day-to-day responsibilities include staff scheduling, food quality control, customer-facing service, and compliance with brand standards across a protected territory.

CEO
Abdullah Popal
Founded
2020
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$302K – $686K
All-in to open one unit
Liquid capital
$20K – $80K
Cash you must have on hand
Franchise fee
$30K
Royalty
5.0%
Gross Revenue · typical 6–8%
Ad fund
3.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.3M
Per unit, per year
Median gross sales
$1.2M
Item 19 type
Gross Revenue
Sample size
3 units
vs category median 15 · small
Range (low → high)
$1.1M$1.6M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank26th
vs Food & Beverage - Full Service peers
Investment cost rank36th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank20th
vs Food & Beverage - Full Service peers
Risk score rank51th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
4
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
75%
vs corporate-owned
Net growth (yr3)
+200.0%
Net unit change last year
2023
3+1
Franchised units
2024
1
Franchised units
2025
0
Franchised units

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

Item 20 · 15 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 · 15 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

63
Risk · 0-100
MODERATE63 / 100

Early-stage micro-franchise with aggressive growth claims, undisclosed profitability, and franchisor going concern status requiring immediate financial and operational validation.

Score breakdown · what drove the 63 / 100 rating

  1. 01HIGHGoing Concern status indicates franchisor financial instability despite reported revenue
  2. 02MEDNet Income not disclosed — unable to validate actual profitability or ROI claims
  3. 03MINOROnly 4 units system-wide creates viability questions despite 200% YoY growth (3→4 units)
  4. 04MINORWide investment range ($302k-$686k) suggests inconsistent site costs or unclear capital requirements
  5. 05MINOR5% weekly royalty on $1.27M avg revenue = $33k/year per unit — sustainability unclear without net income data

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
contiguous zip codes
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
Optional
Governing law
California

Item 11

Training & Operations

Classroom training
10 hrs
On-the-job training
83 hrs
POS system
Revel Systems POS
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

19 numbers

Locked
(408) 675-••••
CA
(860) 240-••••
CT
(608) 266-••••
WI

One-time purchase · CSV download · Validation questions included

FDD download

iniBurger · FDD (2025) PDF

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