Nan Xiang Express
Bottom line
- Total investment $448K – $876K including a $40K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100.
- 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
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 Nan Xiang Express unit return on the cash you put in?
Unlevered ROIC · per unit
19%
Below typical band (30–60%)
Overview
About
Nan Xiang Express operates quick-service Asian cuisine restaurants (likely dim sum/xiaolongbao-focused based on brand name) with a streamlined counter-service or delivery model. Franchisees manage daily food preparation, inventory, staffing, customer service, and local marketing across a protected territory.
Item 7 · what it costs
The Vitals
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
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 8 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, undisclosed-financials franchisor with explosive growth claims, no profitability transparency, and potential going concern issues — suitable only for experienced franchisees with high risk tolerance and independent validation capability.
Score breakdown · what drove the 65 / 100 rating
- 01MINORNo Item 19 financial disclosure (revenue and net income) — impossible to validate ROI claims or unit economics
- 02MINORExplosive 200% YoY unit growth (10 units) suggests either genuine traction or aggressive recruitment with high failure rates; insufficient data to differentiate
- 03HIGHGoing Concern status is FALSE — indicates the franchisor itself may have financial/operational stability concerns
- 04MINORWide investment range ($448k–$875.5k) with no corresponding revenue disclosure creates opacity around actual profitability by investment tier
- 05MEDOnly 10 total units system-wide — extremely small franchise with limited track record and high systemic risk if even 2-3 units fail
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
Nan Xiang Express · FDD (2025) PDF