FranchiseVerdict
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FV-02784·CAUTIONStandard71

Trapped

OtherFranchising since 2025Website
Investment
$538K – $958K
85th pct Other
Avg revenue
50th pct Other
Royalty
7.5%
49th pct Other
Units
0
0th pct Other
SBA default

Bottom line

  • Total investment $538K – $958K including a $35K franchise fee, 7.5% 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
Trapped US Franchise, Inc.
Parent company
Trapped Franchise Holdco, Inc.
Incorporated in
Delaware
HQ
614 N. DuPont Hwy, Suite 210, Dover, DE 19901
Auditor
DA Advisory Group PLLC
Audited financials
Franchisor revenue
$0
Most recent fiscal 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 Trapped 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: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $538K–$958K
Working capital
$
FDD reports $75K–$100K

Unlevered ROIC · per unit

13%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$109K
EBITDA margin
14.5%
Total invested
$836K
Payback
92 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

Franchisees operate escape room entertainment venues where customers solve puzzles and complete challenges to 'escape' themed rooms within time limits. Day-to-day operations include managing game sessions, customer service, facility maintenance, staff scheduling, and marketing to drive bookings.

CEO
Vic Zhou
Founded
2024
FDD year
2025
States available
0

Item 7 · what it costs

The Vitals

Total investment
$538K – $958K
All-in to open one unit
Liquid capital
$75K – $100K
Cash you must have on hand
Franchise fee
$35K
Royalty
7.5%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
8.5%
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
0
Opened
0
Last reporting year
Closed
0
Company-owned
0
Corporate units in the system
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

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

Trapped franchise presents extreme risk: going concern status, zero disclosed units, absent financial disclosures, and high capital requirements create a scenario where franchisees cannot validate returns or system health.

Score breakdown · what drove the 75 / 100 rating

  1. 01HIGHGoing Concern status is FALSE — indicates franchisor financial distress or instability
  2. 02MEDZero disclosed franchise units with unknown growth trajectory — impossible to validate system viability
  3. 03MEDNo average revenue or net income disclosed (no Item 19) — cannot assess ROI or profitability benchmarks
  4. 04MINORHigh initial investment ($538K–$958K) paired with unproven unit economics creates severe ROI uncertainty
  5. 05MED7.5% royalty on undisclosed revenue base makes ongoing cost assessment impossible
  6. 06MINOR10-year term locks franchisee into commitment with unvalidated business model

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 or Boundary
Protected territory
Yes
Initial term
10 years
Renewal term
5 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
Delaware

Item 11

Training & Operations

Classroom training
24 hrs
On-the-job training
48 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

20 numbers

Locked
(519) 513-••••
(778) 819-••••
(289) 296-••••

One-time purchase · CSV download · Validation questions included

FDD download

Trapped · FDD (2025) PDF

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