Bottom line
- Total investment $272K – $640K including a $35K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.6M/year (median $1.6M).
- Rated MODERATE with a risk score of 60/100.
- Emerging franchise — only 1 year of franchising with 3 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 NAMKEEN unit return on the cash you put in?
Unlevered ROIC · per unit
48%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 NAMKEEN units return on equity?
Equity IRR · 5-yr
39.2%
5.22× MOIC
Year-1 DSCR
2.15×
EBITDA ÷ debt service
Equity required
$3.7M
on $12.5M purchase
Total debt
$8.7M
SBA $5.0M + senior + seller note
Overview
About
NAMKEEN franchisees operate ethnic/Indian quick-service or casual dining restaurants serving prepared foods, likely including curries, breads, rice dishes, and related prepared meals. Day-to-day operations involve food preparation, inventory management, customer service, and retail/dine-in operations.
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 · 18 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
NAMKEEN presents elevated risk due to going concern status, minimal unit count with opaque growth, undisclosed profitability data, and inability to validate revenue claims in a 3-unit system.
Score breakdown · what drove the 60 / 100 rating
- 01HIGHGoing Concern status is FALSE — franchisor may face financial viability issues
- 02MEDOnly 3 units in system with unknown growth trajectory — extremely limited track record and scale
- 03MEDNet Income not disclosed in FDD Item 19 — impossible to assess actual profitability or validate $1.56M average revenue claim
- 04MINORWide investment range ($271,900–$640,000) suggests inconsistent build-out costs or unclear capital requirements
- 05HIGHNo litigation disclosed but going concern status suggests potential financial distress or operational instability
- 06MINORFranchise fee ($35,000) appears low relative to investment range, which may indicate underpricing or hidden costs elsewhere
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
20 numbers
One-time purchase · CSV download · Validation questions included
FDD download
NAMKEEN · FDD (2025) PDF