Ivan Ramen

What were the specific operational or financial challenges that led to the closure of the unit in 2024?

Can you provide the financial performance data (Item 19 disclosure) for the remaining operating unit and the closed unit to understand unit-level profitability?

How does the franchisor support franchisees given the System Health score of 0 out of 100, particularly in light of the recent unit closure?

What specific training and support services justify the Support & Training score of 100 when the system is contracting?

Why does the franchise agreement contain 25 termination causes (above the typical 15-20 range), and how many of these are considered non-curable defaults?

Can you explain the rationale for the $0 monthly technology fee when comparable franchises typically charge $75-$300? What technology systems are provided, and are there any hidden technology costs?

What is the investment recovery timeline, and how does the current unit's performance align with franchise fee and ongoing costs of $35,000 upfront plus 6.5% ongoing royalties and ad fund?

How many franchisees have failed to renew their agreements, and what are the typical reasons for non-renewal given the 8 specified renewal conditions?

Since only 1 unit currently operates, what is the franchisor's growth strategy and timeline for unit expansion?

Can you provide a detailed breakdown of the 30 non-curable defaults that would trigger immediate termination without a cure period?

What protection exists against franchisor encroachment, given that territorial exclusivity is granted but encroachment protection is noted as false?

Are the 5 proprietary products (noodles, dashi, specialty ingredients) marked up from franchisor cost, and what is the gross margin compared to approved alternative suppliers?

What is the historical relationship between the closed unit and the franchisor—was there any dispute resolution or litigation prior to closure?

How are the $35,000 renewal fees and required restaurant remodeling costs calculated, and what happens if a franchisee cannot afford the remodel to renew?

What are the payment default cure periods (5 days for payment, 30 days for others), and how many units have triggered default notices in the past 3 years?

Can you provide references to current and former franchisees, particularly the owner of the closed unit, to discuss their experiences?

Given the Risk Factors score of 5 out of 100, what specific risks should prospective franchisees be aware of?

What is the actual average unit volume and average unit profit for the remaining operating unit compared to franchisor projections?