Wateria
Bottom line
- Total investment $134K – $203K including a $30K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 75/100. SBA loan default rate of 0.0% across 1 loans (below the industry average).
- 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
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 Wateria unit return on the cash you put in?
Unlevered ROIC · per unit
29%
Below typical band (30–60%)
Overview
About
Wateria franchisees operate water vending stations or delivery routes selling purified and alkaline water to retail/consumer customers. Day-to-day operations include station maintenance, water quality monitoring, customer acquisition/retention, delivery logistics, and payment processing. Revenue depends on gallon volume sold across two product lines with drastically different royalty structures.
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 · 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).
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
Wateria presents HIGH RISK due to going concern status, zero transparent unit data, missing financial disclosures (Item 19), and unsustainably high tiered royalties that may render franchises unprofitable at typical volumes.
Score breakdown · what drove the 75 / 100 rating
- 01HIGHGoing Concern status indicates franchisor financial distress or viability questions
- 02MEDZero disclosed unit count with unknown growth trajectory suggests system collapse, startup phase, or data concealment
- 03MEDNo average revenue or net income disclosure (missing Item 19) prevents ROI validation and profitability assessment
- 04MINORTiered royalty structure on alkaline water (35% down to 25%) is extraordinarily high and may be unsustainable at lower volumes
- 05MINORModest initial investment ($134K-$203K) contradicts complex royalty model, suggesting potential underfunding or aggressive unit economics
- 06MINOR5-year term is shorter than industry standard (10 years), indicating either high franchisor confidence issues or franchisee protections concerns
- 07HIGHNo litigation disclosed but going concern status raises questions about hidden disputes or regulatory issues
- 08MINORPurified water royalty (2 cents/gallon) lacks context on volume thresholds or profitability floors
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
3 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Wateria · FDD (2024) PDF