Nan Xiang Xiao Long Bao
Bottom line
- Total investment $1.2M – $1.9M including a $60K franchise fee.
- 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 Xiao Long Bao unit return on the cash you put in?
Unlevered ROIC · per unit
7%
Below typical band (30–60%)
Overview
About
Franchisees operate casual dining or QSR locations specializing in Nan Xiang xiaolongbao (soup dumplings) and complementary Chinese cuisine. Day-to-day operations involve food preparation, inventory management, point-of-sale transactions, and customer service in a fast-casual to full-service restaurant environment.
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 · 6 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
High-investment, unproven niche concept with no financial transparency, micro-scale system, and franchisor stability concerns creates substantial financial and operational risk.
Score breakdown · what drove the 65 / 100 rating
- 01MEDNo Item 19 financial performance data disclosed — impossible to validate ROI claims or break-even timeline
- 02HIGHGoing Concern status is FALSE, indicating potential financial instability at franchisor level
- 03MEDOnly 10 units system-wide suggests minimal scale, limited support infrastructure, and unproven model
- 04MEDHigh initial investment ($1.18M–$1.89M) with no disclosed average revenue creates severe risk/reward imbalance
- 05MEDNo disclosed unit growth trajectory — unclear if system is expanding, stagnant, or contracting
- 06MINORSpecialty concept (xiaolongbao) limits addressable market and customer base compared to broad-appeal cuisines
- 07MEDUp to 5% royalty on undisclosed revenue base makes ongoing cost burden unpredictable
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
10 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Nan Xiang Xiao Long Bao · FDD (2026) PDF