FranchiseVerdict
Ori’Zaba’s Scratch Mexican Grill logo
FV-01845·MODERATEExcellent91

Ori’Zaba’s Scratch Mexican Grill

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 $1.3M).
  • Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
  • 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
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
$211K
vs $275K prior year
⚠ Going-concern note
Disclosed in FDD 2024
Status as of 2024; may have been resolved in a later filing we don't yet have.

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 Scratch Mexican Grill unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,482,209
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
$237K
EBITDA margin
16.0%
Total invested
$746K
Payback
38 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 Scratch Mexican Grill units return on equity?

Edit assumptions

Equity IRR · 5-yr

37.1%

4.85× MOIC

Year-1 DSCR

2.23×

EBITDA ÷ debt service

Equity required

$4.3M

on $13.3M 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

Franchisees operate fast-casual Mexican grill restaurants featuring scratch-made items (salsas, guacamole, marinades) with customizable bowls, burritos, and tacos. Day-to-day operations include food preparation, customer service, inventory management, staff training, and adherence to the brand's made-from-scratch operational standards.

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%
Percentage of Gross Sales with a minimum · 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
$1.3M
Item 19 type
Actual
Sample size
3 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 rank51th
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 12 · 1 state reported

The Territory Map

FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.

1

states with franchisees (per FDD Item 12)

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

63
Risk · 0-100
MODERATE63 / 100

Rapidly contracting 4-unit system with undisclosed profitability metrics and high capital requirements presents meaningful execution and financial transparency risks.

Score breakdown · what drove the 63 / 100 rating

  1. 01MEDUnit count declined 25% YoY (from ~5.3 to 4 units), indicating system contraction and potential franchisee dissatisfaction
  2. 02MEDNet income not disclosed in FDD Item 19, making ROI assessment impossible and hiding potential profitability issues
  3. 03MINORHigh initial investment range ($499.7K-$883.2K) paired with declining unit count suggests difficult unit economics
  4. 04MINORRoyalty structure with $4,000/month minimum floor could strain cash flow for underperforming locations
  5. 05MEDOnly 4 operating units indicates immature franchise system with limited data, track record, and support infrastructure
  6. 06MEDAverage revenue of $1.48M appears healthy but without disclosed net income, cannot determine if units are actually profitable

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

1 numbers

Locked
(317) 232-••••
IN

One-time purchase · CSV download · Validation questions included

FDD download

Ori’Zaba’s Scratch Mexican Grill · FDD (2024) PDF

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