Jeremiah’s Italian Ice
Bottom line
- Total investment $295K – $744K including a $30K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $469K/year (median $436K). Estimated payback in 3.0 years.
- Rated STRONG with a risk score of 24/100. SBA loan default rate of 0.0% across 186 loans (below the industry average).
- System growing at 8460% CAGR over 3 years with 163 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 Jeremiah’s Italian Ice unit return on the cash you put in?
Unlevered ROIC · per unit
8%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Jeremiah’s Italian Ice units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$281K
on $1.4M purchase
Total debt
$1.1M
SBA $0.7M + senior + seller note
Overview
About
Franchisees operate Italian ice retail shops that sell frozen desserts, typically in high-traffic locations. Day-to-day operations include product preparation, customer service, inventory management, staffing, and marketing within their protected territory. Many locations operate seasonally or adjust staffing based on weather and foot traffic patterns.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 21 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
Moderate-risk seasonal franchise with strong unit growth and solid unit economics, but lack of disclosed financial substantiation and wide cost variance warrant careful validation.
Score breakdown · what drove the 24 / 100 rating
- 01MEDNo Item 19 financial performance representation disclosed — average revenue and net income figures cannot be independently verified
- 02MINORHigh royalty rate (6-10%) combined with seasonal business model may compress margins during off-peak months
- 03MINORRapid unit growth (23.1% YoY) may indicate oversaturation risk or quality control challenges in franchise support
- 04MINORWide investment range ($294K-$743K) suggests significant variability in unit economics and unclear path to profitability
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
100 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Jeremiah’s Italian Ice · FDD (2025) PDF