Bottom line
- Total investment $212K – $759K including a $50K franchise fee, 3.0% ongoing royalty.
- Average unit revenue of $1.0M/year.
- Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 12 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 Mahana Fresh unit return on the cash you put in?
Unlevered ROIC · per unit
34%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Mahana Fresh units return on equity?
Equity IRR · 5-yr
43.8%
6.15× MOIC
Year-1 DSCR
2.01×
EBITDA ÷ debt service
Equity required
$2.8M
on $11.1M purchase
Total debt
$8.3M
SBA $5.0M + senior + seller note
Overview
About
Mahana Fresh franchisees operate fresh food retail or QSR locations focused on health-conscious, prepared meals or juices. Day-to-day operations involve food preparation, inventory management, POS operations, staffing, and customer service in a fast-casual or grab-and-go format.
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 · 13 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
Mahana Fresh is an early-stage franchise with minimal unit count, undisclosed profitability, and murky financial transparency—warranting deep validation with existing franchisees before commitment.
Score breakdown · what drove the 52 / 100 rating
- 01MINOROnly 7 units system-wide with unknown growth trajectory suggests nascent/stagnant franchise model
- 02MEDNet income not disclosed in FDD Item 19 — cannot validate profitability claims or ROI assumptions
- 03MINORWide investment range ($212K-$758K) indicates unclear cost structure or significant variability in unit economics
- 04MINORRoyalty structure doubles from 3% to 6% after 6 months, creating cash flow pressure during critical ramp period
- 05HIGHNo 'Going Concern' statement is false — potential accounting or operational stability issues at corporate level
- 06MINORFranchise fee ($49.5K) represents 23-24% of minimum investment, relatively high for unproven system
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
17 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Mahana Fresh · FDD (2025) PDF