Tiger Sugar
Bottom line
- Total investment $307K – $550K including a $85K franchise fee, 7.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 59/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
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 Tiger Sugar unit return on the cash you put in?
Unlevered ROIC · per unit
15%
Below typical band (30–60%)
Overview
About
Tiger Sugar franchisees operate bubble tea retail locations serving specialty drinks featuring brown sugar toppings and premium tea ingredients. Day-to-day operations include drink preparation, inventory management of tea and tapioca supplies, customer service, and point-of-sale transactions in high-traffic retail spaces.
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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Tiger Sugar presents caution-level risk: declining unit growth, regulatory compliance issues, non-transparent financials, and high capital requirements with unclear returns.
Score breakdown · what drove the 59 / 100 rating
- 01MINORUnit count declining 2.2% year-over-year suggests market saturation or underperformance
- 02MINORNo average revenue or net income disclosure in FDD Item 19 prevents ROI validation
- 03MED2021 Maryland Securities Commissioner consent order reveals compliance failures and regulatory risk
- 04MEDHigh initial investment ($307k-$550k) combined with undisclosed profitability creates significant downside exposure
- 05MINOR5-year term is shorter than industry standard, creating renewal uncertainty and reduced payback horizon
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
29 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Tiger Sugar · FDD (2025) PDF