FranchiseVerdict
SD TECH logo
FV-02263·MODERATEExcellent86

Sd Tech

Business Services - OtherFranchising since 2022Website
Investment
$92K – $168K
77th pct Other
Avg revenue
$2.1M
52nd pct Other
Royalty
6.0%
0th pct Other
Units
2
11th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $92K – $168K including a $60K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $2.1M/year.
  • Rated MODERATE with a risk score of 60/100. SBA loan default rate of 0.0% across 2 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
SD TECH International, Inc.
Incorporated in
Texas
HQ
523 Med Ct., Suite 105, San Antonio, TX 78258
Auditor
KEZOS & DUNLAVY
Audited financials
Franchisor revenue
$0
vs $0 prior year
⚠ Going-concern note
Disclosed in FDD 2025
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 SD TECH unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $2,082,535
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: $92K–$168K
Working capital
$
FDD reports $10K–$30K

Unlevered ROIC · per unit

222%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$333K
EBITDA margin
16.0%
Total invested
$150K
Payback
5 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 SD TECH units return on equity?

Edit assumptions

Equity IRR · 5-yr

30.4%

3.76× MOIC

Year-1 DSCR

2.65×

EBITDA ÷ debt service

Equity required

$8.1M

on $18.7M purchase

Total debt

$10.6M

SBA $5.0M + senior + seller note

SBA 7(a) request ($9.4M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

SD TECH franchisees operate technology-focused service delivery businesses generating approximately $2.08M in gross revenue per location. Day-to-day operations likely involve client management, service delivery, and business development within a protected territory, though specific service offerings are not detailed.

CEO
Wes Ulmer
Founded
2021
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$92K – $168K
All-in to open one unit
Liquid capital
$10K – $30K
Cash you must have on hand
Franchise fee
$60K
Royalty
6.0%
Gross Revenue · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$2.1M
Per unit, per year
Median gross sales
Item 19 type
Gross Revenue
Sample size
1 units
vs category median 39 · small
Range (low → high)
$1.5M$2.1M
Cohort dispersion
Transparency
3 / 5
vs category median 3 / 5 · typical
Revenue rank52th
vs Business Services - Other peers
Investment cost rank77th
Lower investment ranks lower (better)
Royalty rate rank0th
Lower royalty = lower percentile (better)
Unit count rank11th
vs Business Services - Other peers
Risk score rank41th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
2
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
50%
vs corporate-owned
Multi-unit owners
1.0%
2023
1+1
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 20 · 15 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 · 15 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
2
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

60
Risk · 0-100
MODERATE60 / 100

Pre-revenue-stage franchise system with only 2 units, undisclosed profitability metrics, and unproven unit economics poses substantial validation and scalability risk.

Score breakdown · what drove the 60 / 100 rating

  1. 01MEDOnly 2 existing units with unknown growth trajectory indicates extremely limited operating history and system validation
  2. 02MEDNet income not disclosed despite $2M+ average revenue suggests franchisor may be hiding profitability concerns or unit performance is highly variable
  3. 03MINORHigh initial investment range ($91,650-$168,000) relative to only 2 proven locations creates unvalidated ROI model
  4. 04MINORMassive gap between lowest and highest investment suggests inconsistent unit economics or undefined build-out standards
  5. 05MINOR6% royalty on gross revenue (not net) compounds cash flow risk if unit profitability is marginal

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 or Population
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
No
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Texas

Item 11

Training & Operations

Classroom training
36 hrs
On-the-job training
28 hrs
POS system
QuickBooks Online
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

20 numbers

Locked
(608) 267-••••
WI
(651) 539-••••
MN
(804) 371-••••
VA

One-time purchase · CSV download · Validation questions included

FDD download

SD TECH · FDD (2025) PDF

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