FranchiseVerdict
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FV-02656·CAUTIONExcellent81

The Ivy Review

Education - Tutoring & Test PrepFranchising since 2014Website
Investment
$18K – $43K
3rd pct Tutoring & Te…
Avg revenue
55th pct Tutoring & Te…
Royalty
8.0%
27th pct Tutoring & Te…
Units
8
31st pct Tutoring & Te…
SBA default

Bottom line

  • Total investment $18K – $43K including a $9K franchise fee, 8.0% 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

Legal entity
Yabez, Inc.
Incorporated in
California
HQ
900 E Hamilton Avenue, Suite 100, Campbell, California 95008
Auditor
Bernard M. Valek, MBA, CPA
Audited financials
Franchisor revenue
$336K
vs $416K prior year

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 Ivy Review unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: education
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $18K–$43K
Working capital
$
FDD reports $1K–$3K

Unlevered ROIC · per unit

230%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$75K
EBITDA margin
10.0%
Total invested
$33K
Payback
5 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

The Ivy Review appears to be an education/test preparation franchise, likely offering tutoring, college admissions consulting, or standardized test prep services. Franchisees would manage client relationships, deliver instruction or consulting services, potentially manage staff, and handle local marketing to build a client base within their protected territory.

CEO
Alexander Benjamin Hull
Founded
2013
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$18K – $43K
All-in to open one unit
Liquid capital
$1K – $3K
Cash you must have on hand
Franchise fee
$9K
Royalty
8.0%
Percentage of Revenue · typical 6–8%
Ad fund
5.0%
typical 3–5%
Total fee load
43.0%
vs 9–13% typical

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

Total units
8
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
88%
vs corporate-owned
Multi-unit owners
50.0%
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
+0.0%
Compounded over last 3 years
2023
7±0
Franchised units
2024
7
Franchised units
2025
7
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 5 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 5 states
Not registered

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

75
Risk · 0-100
CAUTION75 / 100

The Ivy Review presents HIGH RISK due to Going Concern status, extreme underdeveloped system size (8 units), missing financial disclosures, and unclear unit growth—all indicators of a struggling or early-stage franchise with unproven unit economics.

Score breakdown · what drove the 75 / 100 rating

  1. 01HIGHGoing Concern status indicates franchisor financial distress or operational instability
  2. 02MINOROnly 8 units systemwide with unknown growth trajectory suggests minimal scale and market validation
  3. 03MEDNo average revenue or net income disclosure (missing Item 19) prevents ROI assessment and comparison
  4. 04MINORExtremely low unit count relative to 10-year franchise term indicates failure to scale or recent contraction
  5. 05MINORMinimal franchise fee ($9,000) combined with unclear profitability model suggests potential survival risk
  6. 06MINOR8% royalty on 'Royalty Income' is ambiguously defined—may not correlate to actual revenue
  7. 07HIGHNo litigation disclosed but Going Concern status suggests underlying financial/operational crises

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
California

Item 11

Training & Operations

Classroom training
30 hrs
On-the-job training
10 hrs
POS system
College Planner Pro
Operating tech stack

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

8 numbers

Locked
(805) 991-••••
CA
(608) 266-••••
WI
(212) 416-••••
NY

One-time purchase · CSV download · Validation questions included

FDD download

The Ivy Review · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above