Ins Ice BeerFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A INS ICE BEER franchise requires a total initial investment of $444K – $916K, including a $40K franchise fee and an ongoing 3.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $444K – $916K
- 30th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 3.0%
- 1st pct Service Resta…
- Units
- 0
- 0th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $444K – $916K including a $40K franchise fee, 3.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 47/100.
- 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
- Legal entity
- Wevelopment USA, Inc.
- Parent company
- Wevelopment Co., Ltd.
- Incorporated in
- CA
- HQ
- 3435 Wilshire Blvd., Suite 3005, Los Angeles, CA 90010
- Auditor
- Dow & Sohn CPAs
- Audited financials
- Franchisor revenue
- $64K
- vs $77K prior year
Overview
About
INS Ice Beer franchisees operate beer retail/distribution locations, likely focusing on specialty or imported beer products. Day-to-day activities would include inventory management, point-of-sale operations, customer service, and compliance with alcohol beverage regulations. However, with zero franchisees in operation, the actual business model remains unvalidated.
- CEO
- Seungmin Jung
- Headquarters
- CA
- Founded
- 2024
- FDD year
- 2026
- States available
- 0
FDD Item 7 · 2026 filing · 11 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $40K | $40K | |
| Real Property/Site Leasenot refundable | $10K | $30K | |
| Leasehold Improvementsnot refundable | $250K | $500K | |
| Equipment & Furniturenot refundable | $50K | $100K | |
| Opening Inventorynot refundable | $10K | $30K | |
| Insurancenot refundable | $10K | $15K | |
| Signage, Menu Boardnot refundable | $5K | $15K | |
| Grand Opening Promotionnot refundable | $5K | $10K | |
| POS and Information Systemnot refundable | $5K | $15K | |
| Initial Training Expensesnot refundable | $4K | $11K | |
| Additional Funds - 3 monthsnot refundable | $55K | $150K | |
| Total initial investment | $444K | $916K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $444K – $916K
- Better than avg vs category
- Liquid capital req'd
- $55K – $150K
- Near category avg vs category
- Franchise fee
- $40K – $40K
- Better than avg vs category
- Royalty
- 3.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 4.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 3.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $250 |
| Transfer fee | $20K |
| Renewal fee | $25K |
| Total fee load | 4.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How Ins Ice Beer Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 0
- Opened
- 0
- Last reporting year
- Closed
- 0
- Company-owned
- 0
- Corporate units in the system
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 0
- Franchisor's next-year forecast
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).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
This is a high-risk opportunity with zero operating units, recent FDD fraud settlement, missing financial disclosures, and going concern issues that make due diligence impossible.
Litigation (Item 3)
0 case reference(s): 0 pending, 2 settled.
Largest disclosed settlement: $5,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Dow & Sohn CPAs
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 47 / 100 rating
- 01MINORZero operating franchisees (0 units) indicates brand has never successfully launched or has collapsed entirely
- 02HIGHParent company Wowledment Korea settled FDD fraud allegations with Virginia in August 2025 — selling unregistered franchises and withholding required disclosure documents
- 03MEDNo average revenue or net income disclosed (Item 19 missing) — impossible to validate ROI claims or unit economics
- 04HIGHGoing Concern status is FALSE — suggests potential insolvency or structural instability of franchisor
- 05MINORHigh initial investment ($444k-$916k) with unproven unit economics and zero operating reference stores
- 06HIGHRecent litigation (August 2025) indicates ongoing regulatory compliance failures and questionable business practices
- 07MED5-year term with 3% royalty on undisclosed sales base creates opaque fee structure
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Territory sizeℹ | 100,000 population |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 1 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 2 settled.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 27 hrs
- Training location
- On-site and off-site
- POS system
- Bankcard Services
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Bankcard Services
Item 20 · call current owners
Franchisee Contacts
15 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
INS ICE BEER · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a INS ICE BEER franchise?
The total investment to open a INS ICE BEER franchise ranges from $444K – $916K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do INS ICE BEER franchise owners earn?
INS ICE BEER does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is INS ICE BEER's franchise failure rate?
SBA 7(a) loan charge-off data is not available for INS ICE BEER (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
Is INS ICE BEER a good franchise to buy?
FranchiseVerdict rates INS ICE BEER as a A-grade franchise with a risk score of 47 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.