Bottom line
- Total investment $171K – $598K including a $20K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 76/100. SBA loan default rate of 0.0% across 51 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 WICH! unit return on the cash you put in?
Unlevered ROIC · per unit
24%
Below typical band (30–60%)
Overview
About
WICH! appears to be a sandwich/quick-service restaurant concept where franchisees operate a storefront preparing and selling made-to-order sandwiches or similar food items. Daily operations would include food prep, customer service, inventory management, and point-of-sale transactions, though without operational units or disclosed AUV, the specific business model remains largely undefined.
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.
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
WICH! presents extreme risk as a zero-unit franchise with unproven economics, undisclosed financials, going concern flag, and royalty escalation clauses—this is either a speculative pre-launch or a failed system attempting relaunch with no franchisee reference base.
Score breakdown · what drove the 76 / 100 rating
- 01MINORZero operating units despite franchise model—indicates either brand-new concept with no track record or failed system
- 02HIGHGoing Concern status is FALSE, suggesting financial viability concerns at franchisor level
- 03MEDNo average revenue or net income disclosed (missing Item 19)—impossible to assess ROI or validate $170k-$598k investment thesis
- 04MINORRoyalty structure allows unilateral increase to 6% of gross sales with only $500/week floor—franchisee has no cost control predictability
- 05MINORTerritory not protected—multi-unit competition within same area could cannibalize sales and franchisee profitability
- 06HIGHNo disclosed litigation but zero units existing—unclear if this is pre-launch or a relaunched/restructured failed concept
- 07MINOR$20,000 franchise fee plus $170k-$598k total investment creates high sunk cost with zero operational precedent to evaluate
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
1 numbers
One-time purchase · CSV download · Validation questions included
FDD download
WICH! · FDD (2022) PDF