Tapster
Formerly known as Tap Star
Bottom line
- Total investment $229K – $1.3M including a $40K 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 72/100.
- 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 Tapster unit return on the cash you put in?
Unlevered ROIC · per unit
14%
Below typical band (30–60%)
Overview
About
Tapster franchisees operate self-service beer dispensing locations, likely featuring draft beer selection and point-of-sale technology. Day-to-day operations include managing keg inventory, maintaining tap systems, handling customer transactions through self-service terminals, managing temperature/carbonation controls, and ensuring regulatory compliance for alcohol service.
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 · 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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Tapster presents HIGH RISK due to an underdeveloped 4-unit system with no financial transparency, questionable corporate stability, and structural terms suggesting weak unit economics.
Score breakdown · what drove the 72 / 100 rating
- 01MINOROnly 4 operating units indicates extremely small, unproven system with minimal scale and validation
- 02MINORNo Item 19 (Average Unit Volume) disclosure — inability or unwillingness to share revenue/profitability data is a major warning sign
- 03HIGHGoing Concern status is FALSE, suggesting potential financial instability or liquidity issues at corporate level
- 04MINORWide investment range ($229K-$1.33M) with no clear breakdown raises questions about cost transparency and scalability
- 05MINORDual royalty structure (5% or $7K/month flat) suggests uncertainty about unit economics; flat fee indicates concerns about sales volume
- 06MEDOnly 10-year term (shorter than industry standard 15-20 years) may indicate limited corporate confidence in long-term viability
- 07HIGHMinimal disclosed litigation history is suspiciously absent for a franchise system — likely incomplete disclosure
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
11 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Tapster · FDD (2025) PDF