Bottom line
- Total investment $338K – $721K including a $30K franchise fee, 3.5% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
- 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 Tay Ho unit return on the cash you put in?
Unlevered ROIC · per unit
24%
Below typical band (30–60%)
Overview
About
Tay Ho franchisees operate Vietnamese restaurants (appears to be casual dining/QSR based on brand name). Day-to-day operations include food preparation, table service (or counter service), inventory management, staffing, and customer service in a single protected territory, with support from the franchisor's operational systems.
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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Tay Ho is an extremely early-stage, non-transparent franchise system with undisclosed financials, minimal unit count, and franchisor financial concerns — suitable only for investors with high risk tolerance and ability to conduct extensive independent due diligence.
Score breakdown · what drove the 65 / 100 rating
- 01MINORNo average revenue or net income disclosure (Item 19) — impossible to assess profitability or ROI on $337.5K–$721K investment
- 02MINOROnly 7 units system-wide with unknown growth trajectory — extremely small, unproven franchise with no demonstrated scalability
- 03HIGHGoing Concern status is FALSE — potential financial instability at franchisor level raises sustainability questions
- 04MINORWide investment range ($383.5K spread) suggests inconsistent unit economics or unclear cost structures
- 05MEDHigh royalty rates (3.5%–5%) combined with undisclosed margins creates uncertainty about actual franchisee profitability
- 06MINORProtected territory is only positive; insufficient to offset other material gaps in transparency
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
21 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Tay Ho · FDD (2025) PDF