Bottom line
- Total investment $203K – $461K including a $35K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 75/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
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 Sunbi Kimbap unit return on the cash you put in?
Unlevered ROIC · per unit
35%
In Yale's "attractive" band (30–60%)
Overview
About
Sunbi Kimbap franchisees operate fast-casual Korean kimbap (seasoned rice roll) restaurants, handling daily food preparation, counter service, inventory management, and customer operations. Typical responsibilities include managing 2-8 employees, sourcing specialty Korean ingredients, maintaining food safety standards, and driving local marketing to build customer loyalty in a competitive quick-service restaurant segment.
Item 7 · what it costs
The Vitals
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
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).
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
Sunbi Kimbap presents extreme risk due to going concern status, zero operating franchises, missing financial disclosures, and unprotected territory—this appears to be an untested or failing system with minimal proof of concept.
Score breakdown · what drove the 75 / 100 rating
- 01HIGHGoing Concern warning indicates serious financial distress or viability questions at corporate level
- 02MINORZero existing franchised units with unknown growth trajectory suggests brand has not successfully scaled or may be in contraction
- 03MEDNo average revenue or net income disclosure (missing Item 19) prevents realistic ROI validation and suggests poor unit economics
- 04MINORUnprotected territory creates direct competition risk; multiple franchisees could cannibalize sales in same market
- 05MEDHigh investment ceiling ($461k) combined with undisclosed returns represents significant capital risk
- 06MINOR5-year term is relatively short and may indicate corporate uncertainty or difficulty retaining franchisees
- 07MINOREarly-stage or struggling brand with no proven unit performance data
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
Sunbi Kimbap · FDD (2025) PDF