FranchiseVerdict
Mister Softee logo
FV-01648·MODERATEExcellent81

Mister Softee

Food & Beverage - Ice Cream & DessertsFranchising since 2000Website
Investment
$264K – $314K
63rd pct Ice Cream & D…
Avg revenue
59th pct Ice Cream & D…
Royalty
Units
601
97th pct Ice Cream & D…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $264K – $314K including a $8K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 10 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
Mister Softee Franchise, L.L.C.
Incorporated in
New Jersey
HQ
901 E. Clements Bridge Road, Runnemede, New Jersey 08078
Auditor
Haefele, Flanagan & Co., p.c.
Audited financials
Franchisor revenue
$1.9M
vs $1.8M 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 Mister Softee 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: restaurant
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $264K–$314K
Working capital
$
FDD reports $15K–$25K

Unlevered ROIC · per unit

22%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$68K
EBITDA margin
9.0%
Total invested
$309K
Payback
55 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

Franchisees operate ice cream/frozen dessert retail carts or kiosks, typically in high-traffic locations (parks, boardwalks, street corners). Day-to-day involves managing inventory, cash handling, equipment maintenance, operating seasonal routes, and customer service in outdoor/mobile settings.

CEO
John P. Conway, Jr.
Founded
2000
FDD year
2025
States available
17

Item 7 · what it costs

The Vitals

Total investment
$264K – $314K
All-in to open one unit
Liquid capital
$15K – $25K
Cash you must have on hand
Franchise fee
$8K
Royalty
$3,855 per year
Ad fund
n/d

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
601
Opened
12
Last reporting year
Closed
5
Turnover rate
0.8%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+1.2%
Net unit change last year
3-yr CAGR
+1.7%
Compounded over last 3 years
2023
601+7
Franchised units
2024
594
Franchised units
2025
591
Franchised units

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

Item 20 · 25 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 · 25 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.

Total loans
10
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

57
Risk · 0-100
MODERATE57 / 100

Mister Softee presents caution-level risk: stagnant growth, missing profitability disclosure, unclear franchisor financial health, and high capital requirements relative to transparent returns.

Score breakdown · what drove the 57 / 100 rating

  1. 01MEDNo Item 19 (average revenue/net income) disclosed — impossible to assess actual profitability or ROI
  2. 02MINORStagnant unit growth at 1.2% YoY indicates mature/declining system with minimal expansion momentum
  3. 03MINORHigh initial investment ($263.5K-$314K) combined with low royalty ($3,855/year) suggests franchisor prioritizes upfront fees over ongoing support
  4. 04HIGHGoing Concern status is FALSE — suggests financial or operational stability concerns about the franchisor itself
  5. 05MINORSeasonal business model (ice cream) creates cash flow volatility and uneven performance quarters
  6. 06MINORThin disclosure package makes it impossible to validate break-even analysis or realistic payback period

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Defined geography
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not 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
New Jersey

Item 11

Training & Operations

Classroom training
3 hrs
On-the-job training
30 hrs

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

97 numbers

Locked
(402) 471-••••
NE
(605) 773-••••
SD
(415) 972-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

Mister Softee · FDD (2025) PDF

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