Bottom line
- Total investment $105K – $135K including a $50K franchise fee.
- Average unit revenue of $1.4M/year. Estimated payback in 0.4 years.
- Rated MODERATE with a risk score of 60/100. SBA loan default rate of 0.0% across 8 loans (below the industry average).
- Emerging franchise — only 2 years of franchising with 5 units. Early-stage systems carry higher risk but may offer better territory availability.
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 Surv unit return on the cash you put in?
Unlevered ROIC · per unit
103%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Surv units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.1M
on $5.6M purchase
Total debt
$4.5M
SBA $2.8M + senior + seller note
Overview
About
Surv franchisees operate a service-based business model (specific service category unstated in provided data). Day-to-day activities likely include client acquisition, service delivery, operational management, and compliance with franchisor systems. With only 5 units system-wide and no growth data, the business model's replicability remains unvalidated.
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 · 4 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
Micro-franchise with undisclosed financials, unproven unit economics, franchisor solvency concerns, and insufficient scale to validate promised returns or protect territory effectively.
Score breakdown · what drove the 60 / 100 rating
- 01MINOROnly 5 units in system with unknown growth trajectory indicates minimal scale and unproven expansion model
- 02MEDNo Item 19 (Financial Performance Representations) disclosed — cannot validate the $299K average net income claim independently
- 03HIGHGoing Concern footnote suggests franchisor financial instability, raising questions about support, training, and system longevity
- 04MEDDual royalty structure (7% or minimum monthly fee) is opaque — actual minimum fee amount not disclosed, could exceed 7% for low-revenue locations
- 05MEDExtremely limited franchisee base (5 units) makes territory protection claim difficult to enforce and suggests weak brand recognition
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
4 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Surv · FDD (2025) PDF