FranchiseVerdict
AMERICA’S DOG & BURGER logo
FV-00127·MODERATEExcellent86

America’s Dog & Burger

Food & Beverage - Full ServiceFranchising since 2016Website
Investment
$290K – $694K
34th pct Full Service
Avg revenue
$1.6M
33rd pct Full Service
Royalty
5.0%
15th pct Full Service
Units
3
16th pct Full Service
SBA default

Bottom line

  • Total investment $290K – $694K including a $30K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $1.6M/year (median $1.6M).
  • Rated MODERATE with a risk score of 60/100.
  • 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
America’s Dog Franchise Systems, LLC
Incorporated in
Illinois
HQ
700 E. Grand Avenue, Suite 121, Chicago, Illinois 60611
Auditor
A&G, LLP
Audited financials
Franchisor revenue
$1K
vs $23K prior year
⚠ Going-concern note
Disclosed in FDD 2024
Status as of 2024; may have been resolved in a later filing we don't yet have.

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 AMERICA’S DOG & BURGER unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,565,488
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: $290K–$694K
Working capital
$
FDD reports $20K–$40K

Unlevered ROIC · per unit

48%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$250K
EBITDA margin
16.0%
Total invested
$522K
Payback
25 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 AMERICA’S DOG & BURGER units return on equity?

Edit assumptions

Equity IRR · 5-yr

35.7%

4.60× MOIC

Year-1 DSCR

2.30×

EBITDA ÷ debt service

Equity required

$4.9M

on $14.1M purchase

Total debt

$9.2M

SBA $5.0M + senior + seller note

SBA 7(a) request ($7.0M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Franchisees operate quick-service restaurant concepts serving gourmet hot dogs and premium burgers, managing daily food preparation, inventory, customer service, and staff operations. Revenue averages ~$1.57M annually from dine-in, takeout, and potentially delivery channels across single or multi-unit locations.

CEO
Manolis D. Alpogianis
Founded
2015
FDD year
2024
States available
1

Item 7 · what it costs

The Vitals

Total investment
$290K – $694K
All-in to open one unit
Liquid capital
$20K – $40K
Cash you must have on hand
Franchise fee
$30K
Royalty
5.0%
Gross Revenues · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.6M
Per unit, per year
Median gross sales
$1.6M
Item 19 type
Gross Revenue
Sample size
3 units
vs category median 15 · small
Range (low → high)
$200K$2.9M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank33th
vs Food & Beverage - Full Service peers
Investment cost rank34th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank16th
vs Food & Beverage - Full Service peers
Risk score rank40th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
3
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
2
Corporate units in the system
% franchised
33%
vs corporate-owned
2022
1+1
Franchised units
2023
0
Franchised units
2024
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 3 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 · 3 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

60
Risk · 0-100
MODERATE60 / 100

Early-stage micro-franchise with unproven unit economics, no earnings disclosure, zero territorial protection, and minimal system scale—unsuitable for risk-averse investors seeking established franchise stability.

Score breakdown · what drove the 60 / 100 rating

  1. 01MINOROnly 3 units in system with unknown/likely stagnant growth trajectory raises sustainability concerns
  2. 02MEDNet income not disclosed in FDD Item 19 prevents accurate ROI validation and profitability assessment
  3. 03MINORNo territorial protection allows franchisor or competitors to saturate franchisee's market
  4. 04MINORWide investment range ($289K-$694K) suggests inconsistent unit economics or undefined buildout standards
  5. 05MEDMicro-system size (3 units) indicates limited operational track record and high execution risk
  6. 06MINORUnproven franchise model with minimal comparable unit performance data available

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Protected territory
No
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Illinois

Item 11

Training & Operations

Classroom training
16 hrs
On-the-job training
132 hrs
POS system
Silverware POS System
Operating tech stack

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

3 numbers

Locked
(678) 485-••••
GA
(312) 593-••••
IL
(972) 238-••••
TX

One-time purchase · CSV download · Validation questions included

FDD download

AMERICA’S DOG & BURGER · FDD (2024) PDF

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