Bottom line
- Total investment $392K – $728K including a $35K franchise fee, 5.5% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
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 Wushiland Boba unit return on the cash you put in?
Unlevered ROIC · per unit
12%
Below typical band (30–60%)
Overview
About
Franchisees operate quick-service boba tea shops, managing inventory of tea bases, tapioca pearls, and toppings while preparing made-to-order beverages. Day-to-day responsibilities include staff scheduling, POS operations, customer service, local marketing, and maintaining brand standards across a protected territory.
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 · 8 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
Early-stage boba franchise with explosive growth claims but opaque unit economics, undisclosed profitability, and heavy capital requirements warrant cautious investigation.
Score breakdown · what drove the 52 / 100 rating
- 01MINORNo Average Unit Volume (AUV) or net income disclosure limits ROI transparency and makes $392k-$728k investment assessment difficult
- 02MINORExtremely rapid unit growth (133.3% YoY) with only 21 total units suggests early-stage franchise with unproven scalability and retention
- 03MINORHigh initial investment relative to franchise fee ($35k fee vs $392k-$728k total) indicates heavy buildout costs with unclear payback period
- 04MINOR5.5% royalty on gross (not net) sales creates cash flow pressure, especially problematic if AUV is below $500k annually
- 05MINORNascent franchise system (21 units) provides minimal performance data for due diligence and peer benchmarking
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
16 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Wushiland Boba · FDD (2026) PDF