FranchiseVerdict
Matchbox logo
FV-01585·CAUTIONExcellent81

Matchbox

Food & Beverage - Full ServiceFranchising since 2020Website
Investment
$1.1M – $2.3M
89th pct Full Service
Avg revenue
57th pct Full Service
Royalty
6.0%
54th pct Full Service
Units
13
47th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $1.1M – $2.3M including a $60K franchise fee, 6.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 72/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
  • No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.

Item 1 · who you're contracting with

The Franchisor

Legal entity
TH Matchbox Franchising, LLC
Parent company
Thompson Matchbox Ventures, LLC
Incorporated in
Delaware
HQ
1741 Business Center Drive, Suite 200, Reston, Virginia 20190
Auditor
BDO USA, P.C.
Audited financials
Franchisor revenue
$86K
vs $83K prior year

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 Matchbox 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: $1.1M–$2.3M
Working capital
$
FDD reports $50K–$100K

Unlevered ROIC · per unit

7%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$1.8M
Payback
178 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

Matchbox appears to be a venue-based or experiential franchise (likely event space, gaming, entertainment, or hospitality). Franchisees likely manage daily operations including customer service, inventory/equipment management, staff scheduling, marketing, and revenue generation from events, memberships, or ticket sales.

CEO
Warren M. Thompson
Founded
2019
FDD year
2024
States available
1

Item 7 · what it costs

The Vitals

Total investment
$1.1M – $2.3M
All-in to open one unit
Liquid capital
$50K – $100K
Cash you must have on hand
Franchise fee
$60K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
7.0%
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
13
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
12
Corporate units in the system
% franchised
8%
vs corporate-owned
Multi-unit owners
1.0%
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
+0.0%
Compounded over last 3 years
2022
1±0
Franchised units
2023
1
Franchised units
2024
1
Franchised units

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

Item 12 · 1 state reported

The Territory Map

FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.

1

states with franchisees (per FDD Item 12)

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
2
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

72
Risk · 0-100
CAUTION72 / 100

Matchbox presents HIGH RISK due to going concern status, minimal unit count, absence of earnings disclosure, and inability to validate ROI on a seven-figure investment.

Score breakdown · what drove the 72 / 100 rating

  1. 01HIGHGoing Concern warning indicates potential franchisor financial distress or viability questions
  2. 02MEDOnly 13 units system-wide suggests minimal scale, limited support infrastructure, and high failure risk
  3. 03MINORNo average revenue or net income disclosure (Item 19) prevents ROI validation and raises transparency concerns
  4. 04MINORUnknown unit growth trajectory suggests stagnation or contraction in recent years
  5. 05MEDHigh initial investment range ($1.1M–$2.3M) paired with undisclosed earnings creates extreme uncertainty on payback period
  6. 06MED6% royalty on non-disclosed revenue baseline makes financial planning impossible for prospective franchisees

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
10 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
Virginia

Item 11

Training & Operations

Classroom training
24 hrs
On-the-job training
148 hrs
POS system
Toast
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

2 numbers

Locked
(703) 757-••••
The franchisor is
VA
(213) 576-••••
NY

One-time purchase · CSV download · Validation questions included

FDD download

Matchbox · FDD (2024) PDF

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