FranchiseVerdict
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FV-01656·STRONGExcellent91

Mochiholic

Food & Beverage - BakeryFranchising since 2022Website
Investment
$155K – $265K
23rd pct Bakery
Avg revenue
$812K
30th pct Bakery
Royalty
5.5%
32nd pct Bakery
Units
1
2nd pct Bakery
SBA default

Bottom line

  • Total investment $155K – $265K including a $40K franchise fee, 5.5% ongoing royalty.
  • Average unit revenue of $812K/year. Estimated payback in 0.7 years.
  • Rated STRONG with a risk score of 50/100.
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Mochiholic Franchising L.L.C.
Incorporated in
California
HQ
6201 Quartz Place, Newark, California 94560
Auditor
Metwally CPA PLLC
Audited financials
Franchisor revenue
$37K
vs $0 prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Mochiholic unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $812,252
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: $155K–$265K
Working capital
$
FDD reports $20K–$35K

Unlevered ROIC · per unit

36%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$85K
EBITDA margin
10.5%
Total invested
$238K
Payback
33 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Mochiholic units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$569K

on $2.8M purchase

Total debt

$2.3M

SBA $1.4M + senior + seller note

Overview

About

Franchisees operate a mochi-based beverage and dessert retail concept, likely focusing on point-of-sale customer service, product preparation (mochi balls, drinks), inventory management, and day-to-day store operations in a protected territory. Daily operations involve handling specialty ingredients, managing foot traffic, training staff, and executing the brand's menu and customer experience standards.

CEO
Michael Chang
Founded
2022
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$155K – $265K
All-in to open one unit
Liquid capital
$20K – $35K
Cash you must have on hand
Franchise fee
$40K
Royalty
5.5%
Percentage of Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.5%
vs 9–13% typical
Payback period
0.7 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$812K
Per unit, per year
Median gross sales
Item 19 type
Company Owned
Sample size
1 units
vs category median 23 · small
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank30th
vs Food & Beverage - Bakery peers
Investment cost rank23th
Lower investment ranks lower (better)
Royalty rate rank32th
Lower royalty = lower percentile (better)
Unit count rank2th
vs Food & Beverage - Bakery peers
Risk score rank17th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
1
Opened
1
Last reporting year
Closed
1
Turnover rate
100.0%
Company-owned
1
Corporate units in the system
% franchised
0%
vs corporate-owned
Multi-unit owners
50.0%
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

50
Risk · 0-100
STRONG50 / 100

Mochiholic presents caution-level risk due to a pre-scaling single-unit system with unverified financials and insufficient franchisee references.

Score breakdown · what drove the 50 / 100 rating

  1. 01MEDOnly 1 unit in system with unknown growth trajectory — extremely limited proof of concept and inability to validate multi-unit success
  2. 02MEDNo Item 19 financial performance representations disclosed — cannot independently verify the $812k avg revenue and $300k net income claims
  3. 03MINORHigh initial investment range ($155k-$265k) relative to single-unit performance creates elevated risk if that one location underperforms
  4. 04MED5-year term is shorter than industry standard (typically 10 years) — suggests either franchisor caution or limited confidence in long-term model
  5. 05MEDExtremely limited franchisee network (1 unit) makes authentic due diligence and peer validation nearly impossible

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
5 years
Renewal term
5 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
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
California

Item 11

Training & Operations

Classroom training
20 hrs
On-the-job training
80 hrs
POS system
Revi
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

3 numbers

Locked
(510) 918-••••
CA
(832) 679-••••
TX
(408) 368-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

Mochiholic · FDD (2025) PDF

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