Bottom line
- Total investment $335K – $843K including a $30K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $1.2M/year (median $1.3M). Estimated payback in 2.4 years.
- Rated MODERATE with a risk score of 63/100.
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 MOGUMOGU MAZEMEN AND RAMEN unit return on the cash you put in?
Unlevered ROIC · per unit
35%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 MOGUMOGU MAZEMEN AND RAMEN units return on equity?
Equity IRR · 5-yr
39.6%
5.31× MOIC
Year-1 DSCR
2.13×
EBITDA ÷ debt service
Equity required
$3.6M
on $12.3M purchase
Total debt
$8.7M
SBA $5.0M + senior + seller note
Overview
About
Franchisees operate quick-service ramen and mazemen restaurants, managing food preparation, inventory, staffing, and customer service. Day-to-day responsibilities include overseeing kitchen operations, maintaining quality standards for handmade noodles and broths, managing point-of-sale systems, and driving local marketing to build customer traffic.
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 · 14 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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage ramen concept with unproven system viability, concerning franchisor financial health, and insufficient disclosure of franchisee unit economics.
Score breakdown · what drove the 63 / 100 rating
- 01MINOROnly 3 units in system with unknown growth trajectory suggests early-stage or stalled expansion
- 02HIGHGoing Concern = False indicates franchisor financial instability or uncertainty
- 03MINORHigh investment range ($334.5K-$842.5K) relative to only 3 operating units raises scalability questions
- 04MINORNo Item 19 financial performance representations limits ability to validate the $240K avg net income claim
- 05MINORWide investment variance ($508K spread) suggests inconsistent unit economics or undefined build-out standards
- 06MINORMinimal franchise fee ($30K) combined with high unit costs may indicate franchisor dependent on royalties for viability
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
MOGUMOGU MAZEMEN AND RAMEN · FDD (2024) PDF