Millie’s Homemade Ice Cream
Bottom line
- Total investment $254K – $557K including a $50K franchise fee, 5.5% ongoing royalty.
- Average unit revenue of $380K/year (median $424K).
- Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 4 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 Millie’s Homemade Ice Cream unit return on the cash you put in?
Unlevered ROIC · per unit
9%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Millie’s Homemade Ice Cream units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$266K
on $1.3M purchase
Total debt
$1.1M
SBA $0.7M + senior + seller note
Overview
About
Franchisees operate retail ice cream shops featuring homemade ice cream products, likely handling daily production, customer service, inventory management, and point-of-sale operations. Operations typically include food preparation, equipment maintenance, staffing, and local marketing within their protected territory.
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 · 6 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
Early-stage ice cream franchise with undisclosed profitability metrics, going concern uncertainty, and limited unit growth raises questions about franchisor viability and franchisee earning potential.
Score breakdown · what drove the 57 / 100 rating
- 01MEDNet Income not disclosed in FDD Item 19 — impossible to assess actual profitability despite $379,895 avg revenue
- 02HIGHGoing Concern flag is FALSE (meaning concern exists) — franchisor may have financial/operational stability issues
- 03MINORHigh investment range ($253,500–$556,500) relative to average revenue ($379,895) creates tight ROI margins
- 04MINORSmall unit count (14 locations) with only 12.5% YoY growth indicates early-stage or stalled expansion
- 05MED5.5% royalty on net sales is standard, but without disclosed net income, true cost burden is opaque
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
13 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Millie’s Homemade Ice Cream · FDD (2025) PDF