Danafranchise due diligence
Dana DD rubric

Criteria, weights, auto-fails, benchmarks

Rubric is versioned in code (lib/ddCriteria.ts). Edit weights there to recalibrate all future scores.

Individual dimensions (100 weight)

Financial capacity
weight 20
Liquid capital, net worth, clean source of funds, runway to absorb ramp-up.
Sub-criteria
  • Liquid capital vs. brand minimum
  • Net worth vs. brand minimum
  • Source-of-funds verification / AML clearance
  • Debt-to-net-worth ratio
  • Runway for 24+ months of ramp
Red flags
  • Vague or inconsistent source of funds
  • Heavy reliance on borrowed capital or third-party guarantees
  • Recent personal bankruptcy or serial cash shortfalls
Operator fit
weight 15
Ability and willingness to operate the unit(s), not just invest.
Sub-criteria
  • Years operating businesses
  • Hands-on vs absentee intent
  • Industry experience (F&B, retail, service, etc.)
  • P&L ownership history
  • Team leadership experience
Red flags
  • Pure passive investor where brand requires hands-on
  • No prior P&L ownership and no recruited operator
  • Unrealistic time commitment (<20 hrs/week for single unit launch)
Market knowledge
weight 10
Understanding of target market demand, demographics, regulation, channels.
Sub-criteria
  • Local language + cultural fluency
  • Customer demographics insight
  • Regulatory awareness (license, labor, import)
  • Channel and supply-chain knowledge
  • Competitive landscape grasp
Red flags
  • No locally-resident operator
  • Underestimates regulatory complexity
  • Generic 'growing market' thesis with no data
Cultural & brand alignment
weight 10
Values, motivation, long-term orientation, fit with brand DNA.
Sub-criteria
  • Long-term (≥7 yrs) vs short-term intent
  • Motivation beyond pure ROI
  • Values match with brand
  • Willingness to follow the system
  • Relationship orientation (esp. APAC cross-border)
Red flags
  • Primarily flipping / short-term ROI focus
  • History of modifying/violating prior franchisor systems
  • Misaligned values (e.g., premium brand vs. budget operator mindset)
Legal & regulatory clearance
weight 15
Criminal, civil, bankruptcy, sanctions, PEP, tax — clean record.
Sub-criteria
  • Criminal record (esp. financial crime, fraud, ML)
  • Personal bankruptcy (discharged vs undischarged)
  • Civil litigation as defendant
  • Sanctions / PEP exposure
  • Tax compliance
Red flags
  • Any financial-crime or fraud conviction (last 10 yrs) — AUTO-FAIL
  • Undischarged bankruptcy — AUTO-FAIL
  • Active major civil suit threatening solvency
  • Unconsented PEP / sanctions match — AUTO-FAIL
Reputation
weight 10
Media footprint, social presence, community standing, references.
Sub-criteria
  • Media and news sentiment
  • Professional social profile integrity
  • Peer and supplier references
  • Community / industry standing
  • Online reviews / complaints
Red flags
  • Pattern of disputes with partners or suppliers
  • Negative news coverage or regulator warnings
  • Declines to provide references
Psychological fit
weight 8
Risk tolerance, resilience, decision style, coachability.
Sub-criteria
  • Risk tolerance vs. investment profile
  • Resilience under stress
  • Decision-making style
  • Coachability / willingness to follow system
  • Realistic expectations
Red flags
  • Overconfidence about timeline to profitability
  • Refuses or resents system-mandated training
  • History of conflict under pressure
Personal stability
weight 7
Family, health, time availability — the human layer.
Sub-criteria
  • Family support for the commitment
  • Health / capacity for multi-year effort
  • Geographic stability
  • Weekly hours available
Red flags
  • Active divorce with unresolved asset split
  • Health condition incompatible with operator role
  • Undisclosed competing commitments
Growth capacity
weight 5
Ability to expand beyond unit 1 — capital runway + operating depth.
Sub-criteria
  • Capital for additional units
  • Bench of operators to grow with
  • Appetite for multi-unit (if brand model requires it)
Red flags
  • All-in on unit 1 with no growth capital
  • No ability to recruit additional operators

Corporate dimensions (100 weight)

Structure & ownership
weight 12
Entity type, UBO transparency, shareholder quality, jurisdiction.
Sub-criteria
  • Clear UBO disclosure
  • Clean corporate chain (no obscuring shell layers)
  • Quality of co-shareholders
  • Jurisdiction reputation (FATF, CPI)
  • Shareholder agreements
Red flags
  • Opaque UBO or refusal to disclose
  • Multiple offshore layers with no commercial rationale
  • High-risk jurisdictions (FATF grey/black list)
Financial health
weight 20
Audited financials, profitability, cash flow, debt, liquidity.
Sub-criteria
  • Audited financials (Big 4 or reputable firm)
  • Revenue trend (3-yr)
  • EBITDA margin and trend
  • Free cash flow
  • Debt-to-EBITDA and covenant status
  • Cash runway
Red flags
  • No audit or unqualified auditor
  • Declining revenue + rising debt
  • Covenant breach risk
  • Material going-concern note
Operational track record
weight 15
Existing businesses, franchise portfolio performance, unit economics.
Sub-criteria
  • Years operating franchise/brand portfolio
  • Unit-level AUV vs brand target
  • Churn / unit-closure rate
  • Franchisee satisfaction scores (if applicable)
  • Operational KPIs discipline
Red flags
  • High unit churn in current portfolio
  • History of terminated franchise agreements
  • No KPI dashboards
Leadership & governance
weight 10
Board quality, C-suite depth, succession, internal controls.
Sub-criteria
  • CEO tenure and track record
  • C-suite depth and bench
  • Board independence and expertise
  • Succession plan
  • Internal audit / control environment
Red flags
  • Founder-dependent with no succession
  • Recent C-suite turnover
  • Weak or captive board
Legal & compliance
weight 12
Litigation, regulator actions, sanctions, ABC/FCPA posture.
Sub-criteria
  • Material pending litigation
  • Regulator enforcement history
  • Sanctions / export control exposure
  • ABC / FCPA / UKBA program
  • Data protection compliance
Red flags
  • Active regulator enforcement — AUTO-FAIL on severe categories
  • Sanctions exposure of entity or UBO — AUTO-FAIL
  • Recent major settlement implying systemic failure
Market position
weight 8
Share, competitive standing, customer base, pricing power.
Sub-criteria
  • Market share in core segments
  • Brand equity / NPS
  • Customer concentration
  • Pricing power
Red flags
  • High customer concentration (>30% single customer)
  • Eroding share
Portfolio & brand alignment
weight 8
Existing brands don't conflict, dilute, or cannibalize.
Sub-criteria
  • Direct competitor brands in portfolio
  • Operational bandwidth across brands
  • Shared infrastructure logic
  • Brand-positioning compatibility
Red flags
  • Active franchise of direct competitor — AUTO-FAIL if exclusivity breach
  • Portfolio already stretched beyond ops capacity
Geographic development capacity
weight 8
Real estate pipeline, HR, supply chain, local execution muscle.
Sub-criteria
  • Real estate pipeline (signed LOIs, broker network)
  • Recruiting and training capacity
  • Supply chain / logistics capability
  • Speed of prior rollouts
Red flags
  • No identified real estate pipeline
  • Untested HR capacity for the growth rate promised
Technology & systems
weight 4
IT readiness for franchisor POS, reporting, CRM, supply systems.
Sub-criteria
  • POS / ERP capability
  • Data reporting maturity
  • Integration capability with franchisor stack
Red flags
  • Paper-based operations at scale
  • Refuses required tech stack
ESG & reputation
weight 3
Sustainability, labor, community, public reputation.
Sub-criteria
  • Labor practices
  • Sustainability commitments
  • Community / public reputation
  • Press sentiment
Red flags
  • Labor violations / exploitation findings
  • Environmental enforcement history

Auto-fail triggers

  • Active sanctions match (OFAC / EU / UN / UK HMT) against candidate or UBO
  • Unconsented PEP match without remediation plan
  • Conviction for financial crime, fraud, or money laundering in the last 10 years
  • Undischarged bankruptcy
  • Failed source-of-funds verification
  • Active franchise agreement with a direct competitor (exclusivity breach)
  • Material misstatement in intake (detected post-research)
  • Refusal to provide KYC / KYB fundamentals
  • Active severe regulator enforcement (license revocation, freezing order)

Global franchisor benchmarks

BrandLiquid (USD)Net worth (USD)Operator profile
McDonald's$500,000$1,000,000Hands-on required, no absentee
Subway$30,000$80,000Operator-led
7-Eleven$50,000$150,000Hands-on
KFC / YUM$1,500,000$1,500,000Multi-unit experience for developers
Domino's$75,000$250,000Prior restaurant ops
Marriott (select service)$5,000,000$10,000,000Multi-unit hotel dev experience
Hilton (Hampton/HGI)$5,000,000$10,000,000Hotel ops
IHG$3,000,000$6,000,000Hotel dev experience
Anytime Fitness$100,000$300,000Owner-operator preferred
Burger King / RBI$500,000$1,500,000Multi-unit preferred
Pizza Hut$700,000$1,000,000QSR ops
Jollibee$1,000,000$2,000,000APAC multi-unit preferred
Dunkin'$250,000$500,000Multi-unit preferred
UPS Store$75,000$150,000Owner-operator
RE/MAX$35,000$150,000Real estate license + brokerage
Benchmarks are indicative, drawn from publicly disclosed franchisor requirements. Always check the current FDD or equivalent for exact figures.