Koa
Formerly known as Kampgrounds of America
Bottom line
- Total investment $109K – $16.4M including a $45K franchise fee, 8.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 47/100. SBA loan default rate of 0.0% across 54 loans (below the industry average).
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 KOA unit return on the cash you put in?
Unlevered ROIC · per unit
1%
Below typical band (30–60%)
Overview
About
KOA franchisees operate campgrounds and RV parks, managing customer registrations, site maintenance, amenities (restrooms, laundry, Wi-Fi), and seasonal staffing. Day-to-day responsibilities include guest services, ground upkeep, vendor relations, and regulatory compliance. Revenue derives from nightly campsite rentals and ancillary services (merchandise, fuel, activities).
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 · 9 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
KOA presents moderate-to-cautious risk due to shrinking unit count, missing financial transparency, IP litigation, and royalty structure that penalizes lower-performing locations.
Score breakdown · what drove the 47 / 100 rating
- 01MINORUnit count declining 1.4% YoY (478 units) suggests system contraction and potential market saturation
- 02MEDNo Item 19 financial disclosure (Avg Revenue/Net Income not disclosed) prevents meaningful ROI validation
- 03HIGHActive litigation over intellectual property use indicates brand management/compliance issues
- 04MINORExtreme investment range ($109K-$16.4M) suggests vastly different business models with unclear comparability
- 05MINOR8% royalty on gross receipts is high for hospitality; unprofitable units pay royalties on total registrations regardless of net income
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
99 numbers
One-time purchase · CSV download · Validation questions included
FDD download
KOA · FDD (2025) PDF