FranchiseVerdict
Nap Tea logo
FV-01738·MODERATEStandard71

Nap Tea

Food & Beverage - Coffee & TeaFranchising since 2026Website
Investment
$624K – $777K
90th pct Coffee & Tea
Avg revenue
49th pct Coffee & Tea
Royalty
4.0%
7th pct Coffee & Tea
Units
0
0th pct Coffee & Tea
SBA default

Bottom line

  • Total investment $624K – $777K including a $300K franchise fee, 4.0% 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.
  • 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
Nap Tea USA Corp
Parent company
Nap Tea Co., Ltd. (Nap Tea-Taiwan)
Incorporated in
Delaware
HQ
131 Continental Dr., Suite 301, Newark DE 19713
Auditor
Simon & Edward, LLP
Audited financials
Franchisor revenue
$0
vs $0 prior year
⚠ Going-concern note
Disclosed in FDD 2026
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 Nap Tea unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
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: $624K–$777K
Working capital
$
FDD reports $30K–$60K

Unlevered ROIC · per unit

11%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$83K
EBITDA margin
11.0%
Total invested
$746K
Payback
108 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.

Overview

About

Nap Tea franchisees operate beverage retail locations serving specialty tea products, likely positioning rest/wellness positioning alongside traditional café service. Day-to-day operations include inventory management, customer service, point-of-sale transactions, and beverage preparation in a small retail format, similar to bubble tea or coffee shop models.

CEO
Cheng Han Lin
Founded
2024
FDD year
2026
States available
0

Item 7 · what it costs

The Vitals

Total investment
$624K – $777K
All-in to open one unit
Liquid capital
$30K – $60K
Cash you must have on hand
Franchise fee
$300K
Royalty
4.0%
percentage · typical 6–8%
Ad fund
$20,000-$30,000 (Year 1), $10,000-$15,000 (Year 2+)
Total fee load
4.0%
vs 9–13% typical

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

Total units
0
Opened
0
Last reporting year
Closed
0
Company-owned
0
Corporate units in the system
Multi-unit owners
14.3%
2024
0±0
Franchised units
2025
0
Franchised units
2026
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

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

65
Risk · 0-100
MODERATE65 / 100

Pre-revenue franchise system with zero operating units, undisclosed unit economics, and corporate financial concerns creates extreme uncertainty around investment viability and franchisor support capability.

Score breakdown · what drove the 65 / 100 rating

  1. 01MEDZero existing franchised units indicates brand has never successfully scaled or all units have failed/closed
  2. 02MINORNo Item 19 financial disclosure (average revenue/net income) prevents validation of $624k-$777k investment ROI
  3. 03MINORHigh franchise fee ($300k) represents 48% of total investment with zero proven unit economics to justify it
  4. 04MINOR5-year term is shorter than industry standard (10 years), suggesting franchisor may lack confidence in model longevity
  5. 05HIGHGoing Concern status indicates potential financial instability at corporate level, raising questions about franchisor viability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population base
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
0
Right of first refusal
No
Franchisor can buy back on resale
Mandatory arbitration
Yes
Non-compete
1 yrs
Post-termination restriction
Owner-operator
Required
Governing law
California

Item 11

Training & Operations

Classroom training
80 hrs
On-the-job training
0 hrs

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

2 numbers

Locked
(804) 371-••••
VA
(401) 462-••••
RI

One-time purchase · CSV download · Validation questions included

FDD download

Nap Tea · FDD (2026) PDF

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