OddFellows
Bottom line
- Total investment $234K – $591K including a $30K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $490K/year (median $429K).
- Rated MODERATE with a risk score of 65/100.
- Emerging franchise — only 2 years of franchising with 5 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 OddFellows unit return on the cash you put in?
Unlevered ROIC · per unit
9%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 OddFellows units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$196K
on $981K purchase
Total debt
$785K
SBA $0.5M + senior + seller note
Overview
About
OddFellows is an artisanal ice cream shop concept where franchisees operate retail locations focused on premium, hand-crafted ice cream products. Day-to-day operations involve product preparation, customer service, inventory management, and local marketing in protected territories. The business model emphasizes quality ingredients and experiential retail similar to craft ice cream boutiques.
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
Micro-system with undisclosed profitability, going concern status, and minimal unit growth creates substantial execution risk despite reasonable unit economics on paper.
Score breakdown · what drove the 65 / 100 rating
- 01MEDOnly 5 units system-wide indicates extremely limited scale and market validation
- 02MINORNo net income disclosure (Item 19) prevents accurate ROI assessment despite $490K avg revenue
- 03HIGHGoing Concern status is FALSE, suggesting potential franchisor financial instability or operational issues
- 04MINORUnknown unit growth trajectory raises questions about system viability and franchisee success rates
- 05MEDWide investment range ($234K-$591K) with no disclosed profitability creates uncertainty on breakeven timeline
- 06MED6% royalty on $490K average revenue = $29.4K annual ongoing fees with no clear path to disclosed profit
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
14 numbers
One-time purchase · CSV download · Validation questions included
FDD download
OddFellows · FDD (2024) PDF