Angry ChickzFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Angry Chickz franchise requires a total initial investment of $603K – $1.3M, including a $50K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $2.1M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $603K – $1.3M
- 37th pct Service Resta…
- Avg gross sales
- $2.1M
- 22nd pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 28
- 31st pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2023. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $603K – $1.3M including a $50K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $2.1M/year (median $2.1M).
- Verdict A (Top Quintile) with a risk score of 44/100.
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- ANGRY CHICKZ FRANCHISING LLC
- Parent company
- Angry Chickz Inc.
- CEO title
- Chief Executive Officer
- David Mkhitaryan
- CEO experience
- 2018 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- CA
- HQ
- 15301 VENTURA BOULEVARD, BUILDING B SUITE 250, SHERMAN OAKS, CALIFORNIA 91403
- Auditor
- Moss Adams
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Angry Chickz franchisees operate quick-service chicken restaurants, likely managing food preparation, customer service, inventory, and staff operations across a single or multi-unit location. Day-to-day activities include food ordering/prep, POS management, customer transactions, and maintenance of brand standards across a small footprint.
- CEO
- David Mkhitaryan
- Headquarters
- CA
- Founded
- 2023
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 19 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $50K | $50K | |
| Construction and Leasehold Improvements | $240K | $500K | |
| Architectural/Engineering | $7K | $20K | |
| Accountant and Attorney | $3K | $4K | |
| Equipment | $80K | $214K | |
| Furniture & Fixtures | $50K | $140K | |
| Signage | $17K | $65K | |
| Opening Inventory, Uniforms and Supplies | $37K | $63K | |
| Smallwares | $11K | $14K | |
| Computer Equipment & Information Systems | $9K | $20K | |
| Security System | $10K | $15K | |
| Grand Opening Support Fee & Market Introduction Program | $35K | $55K | |
| Prepaid Expenses, Licenses and Permits | $3K | $7K | |
| Wages, Travel and Living Expenses During Training | $15K | $50K | |
| Rescheduling/Training Feenot refundable | $0 | $5K | |
| Site Review Kits, Site Visit Costsnot refundable | $0 | $1K | |
| Rent / Lease Deposit | $15K | $40K | |
| Insurance and Utility Deposits | $2K | $5K | |
| Additional Funds - 3 Months | $20K | $55K | |
| Total initial investment | $603K | $1.3M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$210K
10.0% margin
Unlevered ROIC
21%
EBITDA / total invested capital
Payback
4.8 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $603K – $1.3M
- Better than avg vs category
- Liquid capital req'd
- $20K – $55K
- Better than avg vs category
- Franchise fee
- $50K – $50K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $0 |
| Training fee | $5K |
| Transfer fee | $13K |
| Renewal fee | $13K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $2.1M
- Per unit, per year
- Median gross sales
- $2.1M
- Item 19 type
- Affiliate Owned Stores
- Sample size
- 24 units
- vs category median 13
- Range (low → high)
- $576K→$3.6M
- Cohort dispersion (min → max)
- Quartile band
- $1.1M→$3.1M
- Bottom 25% → top 25%
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Angry Chickz Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 28
- Opened
- 1
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 27
- Corporate units in the system
- % franchised
- 4%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 10
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Angry Chickz presents elevated risk due to undisclosed profitability metrics, unclear unit growth, and corporate going concern issues that undermine confidence in franchise sustainability and franchisee ROI potential.
Litigation (Item 3)
No litigation required to be disclosed in Item 3
Bankruptcy (Item 4)
Disclosed in last 7 years
David Mkhitaryan, Chief Executive Officer and founder, filed for Chapter 7 Bankruptcy in the US Bankruptcy Court Central District of California (San Fernando Valley) Case Number: 1:19-bk-12181vk on August 29, 2019. Case was discharged on December 9, 2019.
Audited financials (Item 21)
Yes · Moss Adams
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 44 / 100 rating
- 01MINORNo net income disclosure (Item 19) prevents ROI validation despite $2.1M average revenue claim
- 02HIGHGoing Concern status is FALSE — indicates potential financial instability or operational distress at corporate level
- 03MINOROnly 28 units with unknown growth trajectory — insufficient scale to validate unit economics or system health
- 04MEDHigh capital requirement ($603K-$1.32M) paired with undisclosed profitability creates significant downside risk
- 05MINOR6% royalty on $2.1M average revenue = $126K annual corporate take, insufficient to support franchise infrastructure if system is struggling
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 80 hrs
- On-the-job training
- 70 hrs
- Training location
- on-site at restaurant
- Ongoing training
- Required
- Field support
- 40 hrs/yr
- On-site visits per year
- Time to open
- 10 mo
- From signing to launch
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
4 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Angry Chickz · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Angry Chickz franchise?
The total investment to open a Angry Chickz franchise ranges from $603K – $1.3M, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Angry Chickz franchise owners earn?
According to Item 19 of the Angry Chickz FDD, the average gross sales per unit is $2.1M. The median is $2.1M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Angry Chickz's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Angry Chickz (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Angry Chickz franchise locations are there?
As of their most recent FDD filing, Angry Chickz has 28 total units in the United States, including 1 franchised units and 27 company-owned units. 1 new units were opened in the latest reporting year.
Is Angry Chickz a good franchise to buy?
FranchiseVerdict rates Angry Chickz as a A-grade franchise with a risk score of 44 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.