FranchiseVerdict
YGF logo
FV-03017·MODERATEStandard76

Ygf

Formerly known as YangGuoFu Malatang

Food & Beverage - Full ServiceFranchising since 2024Website
Investment
$347K – $774K
45th pct Full Service
Avg revenue
57th pct Full Service
Royalty
3.0%
2nd pct Full Service
Units
7
33rd pct Full Service
SBA default

Bottom line

  • Total investment $347K – $774K including a $20K 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 65/100.
  • 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

Legal entity
CAPTAIN BUSINESS MANAGEMENT CO., LIMITED
Parent company
YGF Blessing Pte. Ltd.
Incorporated in
Delaware
HQ
1521 Concord Pike, Suite 201, Wilmington, DE 19803
Auditor
Tang Li & Associates
Audited financials
Franchisor revenue
$13K
Most recent fiscal year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 YGF 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: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $347K–$774K
Working capital
$
FDD reports $80K–$150K

Unlevered ROIC · per unit

11%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$75K
EBITDA margin
10.0%
Total invested
$675K
Payback
108 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

YGF franchisees operate [BUSINESS MODEL NOT PROVIDED IN DATA]. Daily operations likely involve [UNKNOWN WITHOUT DISCLOSURE]. Revenue model depends on [UNCLEAR — no Item 19 financial performance data available].

CEO
Xingyu Yang
Founded
2024
FDD year
2025
States available
5

Item 7 · what it costs

The Vitals

Total investment
$347K – $774K
All-in to open one unit
Liquid capital
$80K – $150K
Cash you must have on hand
Franchise fee
$20K
Royalty
3.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
10.0%
typical 3–5%
Total fee load
13.0%
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
7
Opened
7
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
2023
7+7
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 · 11 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 · 11 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

65
Risk · 0-100
MODERATE65 / 100

YGF is an underdeveloped 7-unit franchise with undisclosed financials, unprotected territories, and unclear royalty terms — insufficient data to validate investment viability.

Score breakdown · what drove the 65 / 100 rating

  1. 01MEDNo average revenue or net income disclosed — impossible to validate ROI or profitability claims
  2. 02MINOROnly 7 units system-wide indicates extremely small, unproven franchise network with minimal scale
  3. 03MINORUnprotected territory creates direct competition risk from other franchisees in same market
  4. 04MEDHigh investment range ($346.6K–$774K) with no disclosed earnings data makes risk/reward assessment impossible
  5. 05MINORDual royalty structure (3% fixed vs. tiered variable) lacks clarity on which applies and actual cost impact
  6. 06MINORUnknown unit growth trajectory suggests no track record of system expansion or franchisee success

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Specific Site
Protected territory
No
Initial term
5 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Delaware

Item 11

Training & Operations

Classroom training
12 hrs
On-the-job training
14 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

13 numbers

Locked
(206) 291-••••
Frice Inc.
CA
(510) 422-••••
Haoyang Zhong
CA
(781) 912-••••
Almighty Brother LLC
MA

One-time purchase · CSV download · Validation questions included

FDD download

YGF · FDD (2025) PDF

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