FranchiseVerdict
The Modern Halo logo
FV-02675·CAUTIONExcellent86

The Modern Halo

Food & Beverage - Full ServiceFranchising since 2025Website
Investment
$283K – $648K
32nd pct Full Service
Avg revenue
$931K
16th pct Full Service
Royalty
6.0%
54th pct Full Service
Units
2
11th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $283K – $648K including a $50K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $931K/year. Estimated payback in 2.4 years.
  • Rated CAUTION with a risk score of 70/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
  • Emerging franchise — only 1 year of franchising with 2 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Modern Halo Franchising, LLC
Parent company
Three Scheets Enterprises, LLC
Incorporated in
Texas
HQ
26717 Westheimer Parkway, Suite 402, Katy, Texas 77494-8058

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 Modern Halo unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $931,350
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $283K–$648K
Working capital
$
FDD reports $51K–$128K

Unlevered ROIC · per unit

27%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$149K
EBITDA margin
16.0%
Total invested
$554K
Payback
45 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 The Modern Halo units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.7M

on $8.4M purchase

Total debt

$6.7M

SBA $4.2M + senior + seller note

Overview

About

The Modern Halo appears to be a lifestyle or wellness-focused retail/service concept. Franchisees likely manage day-to-day operations including customer service, inventory/product management, staff coordination, and brand standard compliance across a protected territory. Without disclosed business specifics, the exact operational model (retail, salon, wellness studio, etc.) remains unclear.

CEO
Christina Batson
Founded
2024
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$283K – $648K
All-in to open one unit
Liquid capital
$51K – $128K
Cash you must have on hand
Franchise fee
$50K
Royalty
6.0%
Gross Revenues · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical
Payback period
2.4 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$931K
Per unit, per year
Median gross sales
Item 19 type
Affiliate-owned
Sample size
1 units
vs category median 15 · small
Transparency
7 / 5
vs category median 4 / 5 · above
Revenue rank16th
vs Food & Beverage - Full Service peers
Investment cost rank32th
Lower investment ranks lower (better)
Royalty rate rank54th
Lower royalty = lower percentile (better)
Unit count rank11th
vs Food & Beverage - Full Service peers
Risk score rank81th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
2
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
2
Corporate units in the system
% franchised
0%
vs corporate-owned
2023
0+1
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 20 · 16 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 · 16 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.

Total loans
2
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

70
Risk · 0-100
CAUTION70 / 100

Early-stage franchisor with going concern warning, minimal unit count, undisclosed financial performance data, and unclear expansion viability presents HIGH RISK despite solid unit-level economics.

Score breakdown · what drove the 70 / 100 rating

  1. 01MINOROnly 2 units in system with unknown growth trajectory suggests early-stage or stalled expansion
  2. 02HIGHGoing Concern status is FALSE — potential solvency or operational sustainability issues with franchisor
  3. 03MEDNo Item 19 financial performance data disclosed despite average unit volumes exceeding $930k
  4. 04MEDWide investment range ($282k–$648k) with limited unit data makes ROI projections unreliable
  5. 05MINORMinimal unit count creates high dependency risk — franchisor viability unclear with only 2 franchisees
  6. 06MINOR6% royalty on $931k average revenue = ~$56k annual fee; unclear if sustainable given net income averaging only $192k

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?
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
Texas

Item 11

Training & Operations

Classroom training
25 hrs
On-the-job training
34 hrs

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

16 numbers

Locked
(605) 773-••••
SD
(608) 266-••••
WI
(213) 576-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

The Modern Halo · FDD (2025) PDF

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