FranchiseVerdict
Ori'Zaba's logo
FV-01843·CAUTIONExcellent91

Ori'Zaba's

Formerly known as Ofo

Food & Beverage - Full ServiceFranchising since 2018Website
Investment
$500K – $883K
66th pct Full Service
Avg revenue
$1.5M
31st pct Full Service
Royalty
5.0%
15th pct Full Service
Units
4
20th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $500K – $883K including a $30K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $1.5M/year (median $1.4M).
  • Rated CAUTION with a risk score of 68/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Ori’Zaba’s Franchise Operations, LLC
Parent company
McClurg Century Investments
Incorporated in
Colorado
HQ
8084 S. Wallace Court, Suite A, Englewood, CO 80112
Auditor
KEZOS & DUNLAVY
Audited financials
Franchisor revenue
$93K
vs $211K prior year

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 Ori'Zaba's unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,495,302
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $500K–$883K
Working capital
$
FDD reports $42K–$68K

Unlevered ROIC · per unit

32%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$239K
EBITDA margin
16.0%
Total invested
$746K
Payback
37 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Ori'Zaba's units return on equity?

Edit assumptions

Equity IRR · 5-yr

36.9%

4.81× MOIC

Year-1 DSCR

2.24×

EBITDA ÷ debt service

Equity required

$4.4M

on $13.5M purchase

Total debt

$9.0M

SBA $5.0M + senior + seller note

SBA 7(a) request ($6.7M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Ori'Zaba's franchisees operate quick-service Mexican restaurants, likely handling daily food preparation, customer service, point-of-sale operations, staff management, and inventory control. Day-to-day responsibilities include maintaining food quality standards, managing labor costs, adhering to brand protocols, and driving local marketing to meet the $1.5M average revenue benchmark.

CEO
Jen Howell
Founded
2017
FDD year
2024
States available
1

Item 7 · what it costs

The Vitals

Total investment
$500K – $883K
All-in to open one unit
Liquid capital
$42K – $68K
Cash you must have on hand
Franchise fee
$30K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.5M
Per unit, per year
Median gross sales
$1.4M
Item 19 type
historical
Sample size
4 units
vs category median 15 · small
Range (low → high)
$1.2M$2.0M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank31th
vs Food & Beverage - Full Service peers
Investment cost rank66th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank20th
vs Food & Beverage - Full Service peers
Risk score rank79th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
4
Opened
0
Last reporting year
Closed
1
Turnover rate
25.0%
Company-owned
1
Corporate units in the system
% franchised
75%
vs corporate-owned
Net growth (yr3)
-25.0%
Net unit change last year
3-yr CAGR
+0.0%
Compounded over last 3 years
2022
3-1
Franchised units
2023
4
Franchised units
2024
3
Franchised units

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

Item 20 · 13 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 13 states
Not registered

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.

Total loans
4
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

68
Risk · 0-100
CAUTION68 / 100

Ori'Zaba's presents HIGH RISK due to severe unit contraction (-25% YoY to only 4 locations), undisclosed profitability data, high capital requirements, and structural royalty burdens that may explain franchisee departures.

Score breakdown · what drove the 68 / 100 rating

  1. 01MINORSystem contracted 25% YoY (4 units remaining) — severe shrinkage indicates systemic problems
  2. 02MEDNet income not disclosed in FDD — unable to assess actual profitability despite $1.5M average revenue
  3. 03MINORHigh initial investment ($499K-$883K) with no Item 19 financial performance data creates blind spot
  4. 04MINORRoyalty structure includes $4,000/month minimum even in low-revenue months — cash flow burden on struggling locations
  5. 05MINOROnly 4 franchises remaining — minimal peer support network and franchise viability concerns
  6. 06HIGHGoing concern flag is false but system deterioration suggests underlying business model stress

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Colorado

Item 11

Training & Operations

Classroom training
54 hrs
On-the-job training
222 hrs
POS system
Toasttab POS
Operating tech stack

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

Locked
(317) 232-••••
IN
(605) 773-••••
SD
(410) 576-••••
MD

One-time purchase · CSV download · Validation questions included

FDD download

Ori'Zaba's · FDD (2024) PDF

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