The Yard Milkshake Bar
Bottom line
- Total investment $242K – $835K including a $45K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 46/100. SBA loan default rate of 0.0% across 40 loans (below the industry average).
- System growing at 216.7% CAGR over 3 years with 23 total units — strong expansion trajectory.
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 Yard Milkshake Bar unit return on the cash you put in?
Unlevered ROIC · per unit
20%
Below typical band (30–60%)
Overview
About
Franchisees operate small-format milkshake and beverage bars, focusing on high-margin drink sales in high-traffic locations (malls, entertainment districts, etc.). Daily operations include beverage preparation, inventory management, staff scheduling, and point-of-sale operations with minimal food preparation.
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 · 9 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
Early-stage milkshake concept with immature unit count, undisclosed financials, and unclear franchisor stability presents moderate-to-high investment risk without transparent unit economics.
Score breakdown · what drove the 46 / 100 rating
- 01MEDNo Item 19 (Average Unit Volume) disclosed — impossible to assess ROI or payback period against $242k-$835k investment
- 02MINOREarly-stage system with only 23 units (35.7% YoY growth is volatile; system too immature to validate model stability)
- 03MINORWide investment range ($593k spread) suggests inconsistent unit economics or unclear cost structure
- 04MINORFranchise fee ($45k) relatively high for a beverage-only concept with unproven unit economics
- 05HIGHGoing Concern status 'False' requires clarification — suggests potential franchisor financial instability or recent restructuring
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
13 numbers
One-time purchase · CSV download · Validation questions included
FDD download
The Yard Milkshake Bar · FDD (2023) PDF