Bottom line
- Total investment $111K – $434K including a $15K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $629K/year (median $645K).
- Rated MODERATE with a risk score of 55/100. SBA loan default rate of 0.0% across 20 loans (below the industry average).
- Emerging franchise — only 3 years of franchising with 19 units. Early-stage systems carry higher risk but may offer better territory availability.
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 MILIO’S unit return on the cash you put in?
Unlevered ROIC · per unit
29%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 MILIO’S units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$818K
on $4.1M purchase
Total debt
$3.3M
SBA $2.0M + senior + seller note
Overview
About
Milio's franchisees operate sandwich/sub restaurant locations, managing daily food preparation, customer service, inventory, and staff operations. Day-to-day responsibilities include managing kitchen staff, maintaining food quality standards, handling point-of-sale operations, and driving local marketing to compete against established QSR chains.
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 · 3 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
Milio's presents caution-level risk due to declining unit count, undisclosed profitability metrics, and franchisor going concern status, despite reasonable revenue and no litigation.
Score breakdown · what drove the 55 / 100 rating
- 01MEDUnit count declined 14.3% YoY (19 units) indicating system contraction and potential viability concerns
- 02MEDNet income not disclosed in Item 19 — inability to assess actual profitability despite $628k avg revenue
- 03HIGHGoing Concern status is False — suggests financial instability or operational uncertainty at franchisor level
- 04MINORWide investment range ($111k-$433k) with 6% royalties on $628k revenue = ~$37.7k annual royalties, creating tight margin scenarios
- 05MINORSmall unit count (19 stores) limits brand recognition, supply chain leverage, and marketing economy of scale
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
19 numbers
One-time purchase · CSV download · Validation questions included
FDD download
MILIO’S · FDD (2024) PDF