The Empanada Maker
Bottom line
- Total investment $246K – $554K including a $40K franchise fee, 6.0% 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 THE EMPANADA MAKER unit return on the cash you put in?
Unlevered ROIC · per unit
25%
Below typical band (30–60%)
Overview
About
Franchisees operate quick-service empanada restaurants, managing food preparation, counter service, and inventory for a Latin American baked good concept. Daily operations include preparing empanada fillings, managing a small front-of-house team, handling POS transactions, and maintaining food safety/storage protocols. Likely positioned as a kiosk, cart, or small footprint quick-service model.
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 · 17 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
Extremely early-stage micro-franchise with undisclosed unit economics, unproven scalability (2 units only), franchisor financial instability, and zero transparent profitability data—suitable only for risk-tolerant investors willing to essentially beta-test an unvalidated concept.
Score breakdown · what drove the 72 / 100 rating
- 01MINOROnly 2 units in system with unknown/stagnant growth trajectory suggests minimal market validation and scalability concerns
- 02MINORNo Item 19 (Average Revenue/Net Income) disclosure means no transparency on actual franchisee profitability—critical red flag for $246k-$554k investment
- 03HIGHGoing Concern status is FALSE, indicating potential financial instability at franchisor level and risk of system collapse
- 04MEDWide investment range spread ($308k delta) with no disclosed average revenues makes ROI projection impossible and suggests inconsistent unit economics
- 05MINOROnly 2 operating units provide no meaningful sample size to validate the business model's viability or franchisee success rates
- 06MINORMicro-franchise system with minimal brand recognition limits economies of scale, supply chain leverage, and marketing ROI
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
THE EMPANADA MAKER · FDD (2024) PDF