Franchise Model Execution RiskAn asset-light franchised model drives rapid scale but limits direct store control, raising persistent risks around quality, consistency, and franchisee profitability. Long-term brand value and margins depend on governance, training, and supply enforcement across thousands of outlets.
Narrow Product ConcentrationDependence on beverage and ice-cream categories concentrates exposure to shifting consumer tastes, seasonality, and input-cost swings. Limited product diversification can magnify revenue volatility and constrain resilience if category demand weakens over several quarters.
Limited Valuation DisclosureAbsence of common valuation metrics and peer-comparison data hampers objective benchmarking of capital efficiency and return expectations. For investors and management planning, this limits transparency around long-term capital allocation and relative performance assessments.