FranchiseVerdict
Angry Chickz logo
FV-00141·MODERATEExcellent91

Angry Chickz

Food & Beverage - Full ServiceFranchising since 2023Website
Investment
$603K – $1.3M
74th pct Full Service
Avg revenue
$2.1M
44th pct Full Service
Royalty
6.0%
54th pct Full Service
Units
28
61st pct Full Service
SBA default

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).
  • Rated MODERATE with a risk score of 62/100.
  • Emerging franchise — only 3 years of franchising with 28 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
ANGRY CHICKZ FRANCHISING LLC
Parent company
Angry Chickz Inc.
Incorporated in
California
HQ
15301 VENTURA BOULEVARD, BUILDING B SUITE 250, SHERMAN OAKS, CALIFORNIA 91403
Auditor
Moss Adams
Audited financials
Franchisor revenue
$0
vs $210K prior year

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 Angry Chickz unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $2,101,594
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: $603K–$1.3M
Working capital
$
FDD reports $20K–$55K

Unlevered ROIC · per unit

32%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$315K
EBITDA margin
15.0%
Total invested
$1.0M
Payback
38 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 Angry Chickz units return on equity?

Edit assumptions

Equity IRR · 5-yr

32.0%

4.01× MOIC

Year-1 DSCR

2.52×

EBITDA ÷ debt service

Equity required

$6.8M

on $16.8M purchase

Total debt

$10.0M

SBA $5.0M + senior + seller note

SBA 7(a) request ($8.4M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

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
Founded
2023
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$603K – $1.3M
All-in to open one unit
Liquid capital
$20K – $55K
Cash you must have on hand
Franchise fee
$50K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

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 15
Range (low → high)
$576K$3.6M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank44th
vs Food & Beverage - Full Service peers
Investment cost rank74th
Lower investment ranks lower (better)
Royalty rate rank54th
Lower royalty = lower percentile (better)
Unit count rank61th
vs Food & Beverage - Full Service peers
Risk score rank45th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
28
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
27
Corporate units in the system
% franchised
4%
vs corporate-owned
2023
1+1
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 20 · 6 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 · 6 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

62
Risk · 0-100
MODERATE62 / 100

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.

Score breakdown · what drove the 62 / 100 rating

  1. 01MINORNo net income disclosure (Item 19) prevents ROI validation despite $2.1M average revenue claim
  2. 02HIGHGoing Concern status is FALSE — indicates potential financial instability or operational distress at corporate level
  3. 03MINOROnly 28 units with unknown growth trajectory — insufficient scale to validate unit economics or system health
  4. 04MEDHigh capital requirement ($603K-$1.32M) paired with undisclosed profitability creates significant downside risk
  5. 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

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
California

Item 11

Training & Operations

Classroom training
80 hrs
On-the-job training
70 hrs

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

8 numbers

Locked
(808) 586-••••
HI
(213) 576-••••
NY
(217) 782-••••
IL

One-time purchase · CSV download · Validation questions included

FDD download

Angry Chickz · FDD (2025) PDF

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