FranchiseVerdict
Warabimochi Kamakura logo
FV-02926·CAUTIONStandard62

Warabimochi Kamakura

Food & Beverage - Ice Cream & DessertsFranchising since 2025Website
Investment
$89K – $227K
5th pct Ice Cream & D…
Avg revenue
59th pct Ice Cream & D…
Royalty
40.0% (?)
Likely extraction error
Units
0
0th pct Ice Cream & D…
SBA default

Bottom line

  • Total investment $89K – $227K including a $69K franchise fee, 40.0% 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
KBM-USA CO., LTD.
Parent company
K&S Co., Ltd.
Incorporated in
Japan
HQ
B1 Higashi ward office, 1 4 1 Shimokido, Higashi ward, Niigata city, Niigata prefecture, Japan
Auditor
J-Bridge International Audit Firm
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 Warabimochi Kamakura 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: $89K–$227K
Working capital
$
FDD reports $20K–$40K

Unlevered ROIC · per unit

-100%

Negative

0%30–60% Yale band80%

Store EBITDA · annual
$-188K
EBITDA margin
-25.0%
Total invested
$188K
Payback
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

Warabimochi Kamakura franchisees operate specialty Japanese mochi dessert shops selling traditional warabi mochi and related confections, likely in retail storefronts or kiosks. Day-to-day operations involve food preparation, inventory management, point-of-sale transactions, and customer service in a food service environment with perishable products and potentially complex recipes.

CEO
Shinji Tanaka
Founded
2025
FDD year
2025
States available
0

Item 7 · what it costs

The Vitals

Total investment
$89K – $227K
All-in to open one unit
Liquid capital
$20K – $40K
Cash you must have on hand
Franchise fee
$69K
Royalty
40.0%
percentage of fees collected from subfranchisees · typical 6–8%
Ad fund
n/d
Total fee load
40.0%
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
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.

Item 20 · 15 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 · 15 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

75
Risk · 0-100
CAUTION75 / 100

Going concern status, zero operating units, missing financial disclosures, and unusually high royalty structure on subfranchisee fees indicate a high-risk, potentially pre-revenue or distressed franchisor with unproven unit economics.

Score breakdown · what drove the 75 / 100 rating

  1. 01HIGHGoing concern warning indicates potential financial distress or viability questions at franchisor level
  2. 02MINORZero operating units with unknown growth trajectory suggests either pre-launch or system collapse/reboot
  3. 03MEDNo average revenue or net income disclosure (missing Item 19) prevents ROI validation and profitability assessment
  4. 04MINORExtremely high royalty structure (40% of subfranchisee fees) is unusual and may indicate franchisor dependency on recruitment rather than operational support
  5. 05MINORHigh initial investment ($88,883–$226,667) combined with non-disclosure of returns creates significant financial risk
  6. 06HIGHUnknown franchise term viability and no disclosed litigation history raises transparency concerns
  7. 07MEDJapanese specialty food concept (mochi) has limited market appeal and operational complexity in Western markets

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
exclusive territory defined by state boundaries
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
No
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
No
Non-compete
3 yrs
Post-termination restriction
Owner-operator
Required

Item 11

Training & Operations

Classroom training
0 hrs
On-the-job training
0 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

15 numbers

Locked
(608) 266-••••
WI
(217) 782-••••
IL
(651) 296-••••
MN

One-time purchase · CSV download · Validation questions included

FDD download

Warabimochi Kamakura · FDD (2025) PDF

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