FranchiseVerdict
Koibito Poke logo
FV-01426·STRONGExcellent81

Koibito Poke

Food & Beverage - Full ServiceFranchising since 2019Website
Investment
$273K – $577K
31st pct Full Service
Avg revenue
57th pct Full Service
Royalty
4.0%
6th pct Full Service
Units
11
43rd pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $273K – $577K including a $30K franchise fee, 4.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
  • 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

Legal entity
Koibito Franchise, LLC
Parent company
Finance Concepts, LLC
Incorporated in
Arizona
HQ
8776 E. Shea Blvd., Suite 106-104, Scottsdale, Arizona 85260
Auditor
Schild & Co., Inc.
Audited financials
Franchisor revenue
$81K
vs $214K prior year
⚠ Going-concern note
Disclosed in FDD 2024
Status as of 2024; may have been resolved in a later filing we don't yet have.

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 Koibito Poke unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $273K–$577K
Working capital
$
FDD reports $63K–$75K

Unlevered ROIC · per unit

26%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$128K
EBITDA margin
17.0%
Total invested
$494K
Payback
47 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Franchisees operate fast-casual poke bowl restaurants, managing food prep, assembly, POS operations, and front-of-house service. Day-to-day responsibilities include inventory management, staff scheduling, quality control, and local marketing to drive foot traffic and delivery orders.

CEO
Todd Stottlemyre
Founded
2019
FDD year
2024
States available
4

Item 7 · what it costs

The Vitals

Total investment
$273K – $577K
All-in to open one unit
Liquid capital
$63K – $75K
Cash you must have on hand
Franchise fee
$30K
Royalty
4.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
16.0%
vs 9–13% typical

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

Total units
11
Opened
5
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
3
Corporate units in the system
% franchised
73%
vs corporate-owned
Net growth (yr3)
+166.7%
Net unit change last year
2022
8+5
Franchised units
2023
3
Franchised units
2024
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 6 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 6 states
Not registered

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.

Total loans
4
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

52
Risk · 0-100
STRONG52 / 100

Koibito Poke is a rapidly-expanding but opaque early-stage franchise with no disclosed unit economics, making ROI validation impossible and amplifying typical young-system risks.

Score breakdown · what drove the 52 / 100 rating

  1. 01MINORNo Item 19 financial performance disclosure — cannot validate ROI claims or average unit economics
  2. 02MINORExplosive 166.7% YoY unit growth (9 to 11 units) suggests either rapid expansion or prior contraction; sustainability unclear
  3. 03MEDWide investment range ($273K-$577K) with no disclosed average revenue or net income creates opacity around profitability
  4. 04MEDEarly-stage franchise system (11 units) with limited operational track record and higher failure risk typical of young concepts
  5. 05MINOR4% royalty on gross sales (not net) with no transparency on break-even thresholds or franchisee profitability benchmarks

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Arizona

Item 11

Training & Operations

Classroom training
28 hrs
On-the-job training
54 hrs
POS system
Clover POS
Operating tech stack

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

15 numbers

Locked
(725) 999-••••
NV
(636) 577-••••
MO
(314) 907-••••
MO

One-time purchase · CSV download · Validation questions included

FDD download

Koibito Poke · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above