FranchiseVerdict
FV-02924·MODERATEExcellent81

Wanpo

Formerly known as Aim Mail Centers

Food & Beverage - Coffee & TeaFranchising since 2018
Investment
$110K – $196K
4th pct Coffee & Tea
Avg revenue
49th pct Coffee & Tea
Royalty
3.0%
4th pct Coffee & Tea
Units
11
52nd pct Coffee & Tea
SBA default

Bottom line

  • Total investment $110K – $196K including a $40K franchise fee, 3.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 62/100.
  • 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
AIM GOOD USA CORPORATION
Parent company
AIM GOOD International Co., Ltd. ("Aim Good Taiwan")
Incorporated in
Delaware
HQ
919 North Market Street, Suite 950, Wilmington, DE 19801
Auditor
Chen & Fan Accountancy Corporation
Audited financials
Franchisor revenue
$0
vs $54K 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 WANPO 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: restaurant
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $110K–$196K
Working capital
$
FDD reports $20K–$50K

Unlevered ROIC · per unit

48%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$90K
EBITDA margin
12.0%
Total invested
$188K
Payback
25 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

WANPO franchisees operate [BUSINESS MODEL NOT DISCLOSED IN PROVIDED DATA]. Day-to-day operations likely involve [customer service/product sales/service delivery], supported by franchisor-provided systems and training. Territory is protected, but specific operational scope is unclear without full FDD disclosure.

CEO
Ting-Wei Chang
Founded
2020
FDD year
2025
States available
5

Item 7 · what it costs

The Vitals

Total investment
$110K – $196K
All-in to open one unit
Liquid capital
$20K – $50K
Cash you must have on hand
Franchise fee
$40K
Royalty
3.0%
Gross Monthly Sales · typical 6–8%
Ad fund
n/d
Total fee load
3.0%
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
11
Opened
6
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+120.0%
Net unit change last year
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2023
11+6
Franchised units
2024
5
Franchised units
2025
2
Franchised units

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

Item 20 · 3 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 · 3 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

62
Risk · 0-100
MODERATE62 / 100

WANPO presents a CAUTION-to-HIGH RISK profile due to recent regulatory violations, complete financial opacity (no Item 19), going concern issues, and rapid growth with minimal operational history.

Score breakdown · what drove the 62 / 100 rating

  1. 01MINORRecent regulatory violations in two states (CA and NY) for illegal franchise sales without registration—demonstrates compliance failures and regulatory risk exposure
  2. 02MEDNo Item 19 financial disclosures (Avg Revenue and Net Income not disclosed)—impossible to validate ROI claims or unit profitability; high opacity risk
  3. 03HIGHGoing Concern status is FALSE—potential financial instability of franchisor raises questions about long-term support and system viability
  4. 04MINORRapid unit growth of 120% YoY with only 11 total units—suggests aggressive scaling with minimal track record; vulnerable to market correction
  5. 05MINORRelatively high initial investment ($109.6K–$196.3K) paired with no financial transparency—unfavorable risk-to-reward ratio
  6. 06MINOR3% royalty on gross (not net) sales—franchisees pay royalties even during unprofitable periods, increasing financial stress

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
3 years
Renewal term
3 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Non-compete
3 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Washington

Item 11

Training & Operations

Classroom training
26 hrs
On-the-job training
38 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

14 numbers

Locked
(808) 586-••••
WA
(669) 600-••••
CA
(360) 902-••••
WA

One-time purchase · CSV download · Validation questions included

FDD download

WANPO · FDD (2025) PDF

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