It’s Boba Time
Bottom line
- Total investment $466K – $597K including a $45K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 61/100. SBA loan default rate of 0.0% across 91 loans (below the industry average).
- System growing at 41.0% CAGR over 3 years with 89 total units — strong expansion trajectory.
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 IT’S BOBA TIME unit return on the cash you put in?
Unlevered ROIC · per unit
15%
Below typical band (30–60%)
Overview
About
Franchisees operate bubble tea (boba) retail locations, managing point-of-sale operations, inventory of tea bases and toppings, staffing, and customer service in high-traffic venues (typically mall food courts or standalone storefronts). Day-to-day responsibilities include drink preparation, equipment maintenance, scheduling, marketing, and local sales execution.
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 · 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).
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
It's Boba Time presents HIGH RISK due to going concern status, litigation history including fraud allegations, absent financial disclosure, unprotected territory, and insufficient unit growth to justify a $465k-$597k investment without transparent revenue/profitability data.
Score breakdown · what drove the 61 / 100 rating
- 01HIGHGoing concern warning indicates potential financial distress or viability questions at franchisor level
- 02HIGHTwo disclosed lawsuits including fraud/CFIL violations and breach of contract suggest operational/legal instability
- 03MEDNo Item 19 (average unit volumes) disclosed—inability to assess actual profitability or ROI on $465k-$597k investment
- 04MINORUnprotected territory creates direct competition risk from other franchisees and company-owned units
- 05MEDModest unit growth of 13.2% YoY with only 89 locations suggests limited market traction and scaling challenges
- 06MED5% royalty on undisclosed revenue makes it impossible to model cash flow or breakeven timeline
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
88 numbers
One-time purchase · CSV download · Validation questions included
FDD download
IT’S BOBA TIME · FDD (2025) PDF