Bottom line
- Total investment $263K – $724K including a $75K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 72/100.
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 Manduu unit return on the cash you put in?
Unlevered ROIC · per unit
38%
In Yale's "attractive" band (30–60%)
Overview
About
Manduu franchisees operate E-fit fitness machine locations (likely membership-based or usage-fee model). Day-to-day operations include machine maintenance, member/user management, facility cleaning, billing/payment processing, and marketing to drive recurring usage revenue. Revenue depends heavily on traffic volume and per-session fees.
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 · 10 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
Manduu presents HIGH RISK: a contracting 15-unit system with Going Concern status, zero earnings transparency, and substantial capital requirements create significant doubt about franchisee profitability and franchisor viability.
Score breakdown · what drove the 72 / 100 rating
- 01HIGHGoing Concern warning indicates franchisor financial distress or viability questions
- 02MEDUnit count declined 10% YoY (15 units total) suggesting system contraction and weak franchisee performance
- 03MEDNo Item 19 (average revenue/income) disclosed—inability or unwillingness to substantiate earnings claims
- 04MEDHigh initial investment ($262.7K–$724K) with no disclosed average revenue creates ROI opacity
- 05MINORDual royalty structure (8%+ of sales OR $1,000/machine/month) ambiguous—unclear which applies and how it impacts profitability
- 06MINORFranchise fee ($75K) is substantial relative to 15-unit system size, suggesting franchisor may be unit-focused rather than franchisee-success-focused
- 07HIGHNo litigation disclosed but Going Concern status suggests potential regulatory or operational issues not yet litigated
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
11 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Manduu · FDD (2023) PDF