FranchiseVerdict
MAJI CURRY logo
FV-01558·MODERATEStandard71

Maji Curry

Food & Beverage - Full ServiceFranchising since 2023Website
Investment
$386K – $773K
52nd pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
0
0th pct Full Service
SBA default

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

Legal entity
SUNPARK USA, INC.
Parent company
Sunpark Co., Ltd.
Incorporated in
California
HQ
21241 S. Western Ave., Suite 150, Torrance, California 90501
Auditor
SCHILD & CO., INC.
Audited financials
Franchisor revenue
$0
vs $0 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 MAJI CURRY 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: $386K–$773K
Working capital
$
FDD reports $9K–$15K

Unlevered ROIC · per unit

22%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$128K
EBITDA margin
17.0%
Total invested
$591K
Payback
56 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

Maji Curry franchisees operate South Asian curry restaurants serving casual-dining or quick-service curry dishes. Daily operations include food preparation, inventory management, point-of-sale transactions, staff supervision, and brand-standard compliance across a protected territory. The model appears designed for single-unit or multi-unit operators managing restaurant labor and food costs.

CEO
Ken Takagi
Founded
2022
FDD year
2024
States available
0

Item 7 · what it costs

The Vitals

Total investment
$386K – $773K
All-in to open one unit
Liquid capital
$9K – $15K
Cash you must have on hand
Franchise fee
$30K
Royalty
5.0%
Percentage of Gross Revenues · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
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
0
Opened
0
Last reporting year
Closed
0
Company-owned
0
Corporate units in the system
Multi-unit owners
4.5%
2022
0±0
Franchised units
2023
0
Franchised units
2024
0
Franchised units

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

Item 20 · 5 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 · 5 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.

No SBA loan data available for this brand.

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

Risk & Legal

65
Risk · 0-100
MODERATE65 / 100

Maji Curry presents elevated risk due to zero operating franchisees, missing financial performance data, and an untested business model with substantial capital requirements and no growth evidence.

Score breakdown · what drove the 65 / 100 rating

  1. 01MINORZero franchised units operating despite franchise model existing — indicates failed system launch or complete unit failure
  2. 02MINORNo average revenue or net income disclosure (Item 19) prevents ROI validation on $385,500–$773,000 investment
  3. 03MINORHigh initial investment range ($385,500–$773,000) combined with 5% royalty lacks performance benchmarking to justify cost
  4. 04MINORUnknown unit growth trajectory creates inability to assess system viability and scalability
  5. 05MINORFranchise fee ($30,000) may be artificially low relative to total investment, suggesting misleading cost structure

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 or geographical area
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
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
California

Item 11

Training & Operations

Classroom training
100 hrs
On-the-job training
220 hrs
POS system
Aloha 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

5 numbers

Locked
(410) 576-••••
MD
(517) 373-••••
MI
(916) 445-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

MAJI CURRY · FDD (2024) PDF

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