Sea Love
Bottom line
- Total investment $109K – $292K including a $50K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $353K/year (median $406K).
- Rated MODERATE with a risk score of 60/100. SBA loan default rate of 0.0% across 8 loans (below the industry average).
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 Sea Love unit return on the cash you put in?
Unlevered ROIC · per unit
25%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Sea Love units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$565K
on $2.8M purchase
Total debt
$2.3M
SBA $1.4M + senior + seller note
Overview
About
Sea Love franchisees typically operate seafood restaurants or prepared seafood retail concepts, managing daily food preparation, inventory, staffing, customer service, and point-of-sale operations while paying 6% royalties on gross sales to the franchisor.
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 · 12 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Sea Love presents high-risk investment characteristics: a contracting franchisee base, undisclosed profitability, and franchisor going-concern status that collectively suggest systemic viability concerns despite protected territory.
Score breakdown · what drove the 60 / 100 rating
- 01HIGHGoing Concern status indicates franchisor financial distress or viability questions
- 02MEDNet Income not disclosed — unable to verify $353k revenue translates to meaningful profit after 6% royalty + operating costs
- 03MINORUnit count declining 83.3% YoY (likely from 72 to 12 units) suggests severe system contraction and franchisee failures
- 04HIGHNo litigation disclosed but massive unit attrition may mask underlying disputes or dissatisfaction
- 05MINORHigh investment range ($109k-$292k) with unproven ROI creates elevated risk for franchisees in a shrinking system
- 06MINORFranchise fee ($49.5k) represents 45% of minimum investment for a brand with deteriorating unit economics
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
15 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Sea Love · FDD (2025) PDF