Bottom line
- Total investment $1.0M – $2.0M including a $35K 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 65/100.
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
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 Ivan Ramen unit return on the cash you put in?
Unlevered ROIC · per unit
7%
Below typical band (30–60%)
Overview
About
Franchisees operate Ivan Ramen locations, full-service or fast-casual ramen restaurants requiring specialized knowledge of broth preparation, noodle procurement, and Japanese culinary techniques. Day-to-day responsibilities include kitchen management, inventory control of perishable ingredients, staff training, and maintaining consistency with brand standards across a labor-intensive operation.
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 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
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
Single-unit franchise system with opaque financial performance, high capital requirements, and no disclosed earnings data creates substantial due diligence risk.
Score breakdown · what drove the 65 / 100 rating
- 01MEDOnly 1 franchise unit disclosed — suggests minimal franchising track record or system contraction
- 02MEDNo average revenue or net income data provided (missing Item 19) — impossible to validate ROI claims
- 03MEDHigh initial investment range ($1.02M–$1.98M) with no corresponding disclosed earnings — extreme risk/reward opacity
- 04MINORRamen category has high operational complexity (specialized equipment, food quality control, labor-intensive) with thin margins typical in QSR
- 05MINORUnknown unit growth trajectory — no evidence of system expansion or franchisee success stories
- 06MINOR5% royalty on gross revenues (not net) is standard but only justified if unit economics are transparent
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
3 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Ivan Ramen · FDD (2025) PDF