Spiked Rich
Bottom line
- Total investment $325K – $647K including a $35K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $904K/year. Estimated payback in 2.7 years.
- Rated STRONG with a risk score of 53/100.
- 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
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 Spiked Rich unit return on the cash you put in?
Unlevered ROIC · per unit
18%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Spiked Rich units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$723K
on $3.6M purchase
Total debt
$2.9M
SBA $1.8M + senior + seller note
Overview
About
Spiked Rich appears to be a beverage or alcoholic drink-focused franchise concept. Franchisees likely operate point-of-sale retail locations (bar, lounge, or specialty beverage shop) focused on premium or craft offerings, managing inventory, staffing, customer service, and marketing within their protected territory.
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 · 16 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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage franchise with minimal operating history, undisclosed unit growth, and unsubstantiated financial claims present moderate-to-high risk despite absence of litigation.
Score breakdown · what drove the 53 / 100 rating
- 01MINOROnly 2 existing units with unknown growth trajectory raises questions about system viability and scalability
- 02MEDExtremely limited franchisee base makes performance data unreliable and limits peer support network
- 03MINORHigh investment range ($324K-$647K) relative to only 2 operating units suggests unproven unit economics
- 04MEDNo Item 19 financial performance representations disclosed — franchisor not willing to substantiate the $903K average revenue claim
- 05MINOR20.3% net profit margin seems optimistic for early-stage concept with minimal operating history
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
18 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Spiked Rich · FDD (2025) PDF