Bottom line
- Total investment $386K – $773K including a $30K 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 KAZZAN RAMEN unit return on the cash you put in?
Unlevered ROIC · per unit
22%
Below typical band (30–60%)
Overview
About
Franchisees operate fast-casual ramen restaurants, managing kitchen operations (broth preparation, noodle cooking), front-of-house service, inventory control, and staff scheduling. Day-to-day responsibilities include food quality oversight, customer service, local marketing, and P&L management with 5% royalty obligations on all gross revenue.
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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Kazzan Ramen presents caution-level risk: a pre-proven concept with single-unit validation, undisclosed financials, wide cost variance, and unsubstantiated unit economics demand extreme due diligence before committing $400K-$770K.
Score breakdown · what drove the 65 / 100 rating
- 01MINOROnly 1 existing unit makes system viability and replicability impossible to validate
- 02MEDNo disclosed average revenue or net income data (Item 19) prevents ROI assessment on $385.5K-$773K investment
- 03MINORExtremely wide investment range ($387.5K spread) suggests undefined or variable startup costs
- 04MINORHigh initial investment relative to single-unit proof of concept creates disproportionate franchisee risk
- 05MEDNo disclosed unit growth trajectory indicates either brand is too new or growth is stalled
- 06MINORRamen category is highly competitive with established players (Tonkotsu, Ippudo, etc.) without differentiation stated
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
4 numbers
One-time purchase · CSV download · Validation questions included
FDD download
KAZZAN RAMEN · FDD (2025) PDF