FranchiseVerdict
Singas Famous logo
FV-02324·MODERATEStandard71

Singas Famous

Food & Beverage - Full ServiceFranchising since 2022Website
Investment
$257K – $792K
28th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
35
65th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $257K – $792K including a $30K franchise fee, 5.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 62/100. SBA loan default rate of 0.0% across 5 loans (below the industry average).
  • System growing at 77.8% CAGR over 3 years with 35 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Singas Pizza & Restaurant LLC
Incorporated in
New Jersey
HQ
406 New Dover Road, Colonia, New Jersey 07067
Auditor
Muhammad Zubairy, CPA PC
Audited financials
Franchisor revenue
$482K
vs $484K 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 Singas Famous unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
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: $257K–$792K
Working capital
$
FDD reports $20K–$40K

Unlevered ROIC · per unit

22%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$555K
Payback
55 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.

Overview

About

Singas Famous franchisees operate fast-casual food service locations, likely serving specialty sandwiches, wraps, or similar quick-service fare. Day-to-day operations include food preparation, counter service, inventory management, staffing, and maintaining brand standards across a territory with no exclusivity protection.

CEO
Krunalkumar Patel
Founded
2022
FDD year
2025
States available
8

Item 7 · what it costs

The Vitals

Total investment
$257K – $792K
All-in to open one unit
Liquid capital
$20K – $40K
Cash you must have on hand
Franchise fee
$30K
Royalty
5.0%
monthly · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
35
Opened
9
Last reporting year
Closed
1
Turnover rate
2.9%
Company-owned
3
Corporate units in the system
% franchised
91%
vs corporate-owned
Net growth (yr3)
+33.3%
Net unit change last year
3-yr CAGR
+77.8%
Compounded over last 3 years
2023
32+8
Franchised units
2024
24
Franchised units
2025
18
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
5
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

62
Risk · 0-100
MODERATE62 / 100

Singas Famous presents CAUTION-to-HIGH RISK profile due to missing financial disclosure, franchisor going concern issues, unprotected territory, and undocumented profitability metrics in a small, rapidly expanding system.

Score breakdown · what drove the 62 / 100 rating

  1. 01MINORNo average revenue or net income disclosure (Item 19) prevents ROI validation and profitability assessment
  2. 02HIGHGoing concern status is FALSE, indicating potential financial instability at franchisor level
  3. 03MINORTerritory is completely unprotected, creating direct competition risk from other franchisees
  4. 04MINORWide investment range ($257K-$792K) suggests inconsistent unit economics or undefined buildout costs
  5. 05MINORRapid 33.3% YoY unit growth may indicate aggressive expansion ahead of proven unit profitability
  6. 06MEDOnly 35 total units is a very small system with limited operational track record and support infrastructure

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Specific zip codes, counties or other natural boundaries
Protected territory
No
Initial term
10 years
Renewal term
5 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
New Jersey

Item 11

Training & Operations

Classroom training
0 hrs
On-the-job training
60 hrs
POS system
Toast
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

46 numbers

Locked
(973) 968-••••
NJ
(718) 459-••••
NY
(908) 635-••••
NJ

One-time purchase · CSV download · Validation questions included

FDD download

Singas Famous · FDD (2025) PDF

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