Angry Chickz Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Angry Chickz is a fast-casual franchise specializing in Nashville hot chicken tenders and sandwiches with sides. Franchisees run the restaurants, managing food prep, staffing, and counter service.
FranchiseVerdict summary · 2026
A Angry Chickz franchise requires a total initial investment of $611K – $1.5M, including a $50K franchise fee and an ongoing 6.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2026 FDD issuance
Overview
- Investment
- $611K – $1.5M
- 83rd pct Service Resta…
- Avg gross sales
- N/A
- Company-owned only
- Royalty
- 6.0%
- 46th pct Service Resta…
- Units
- 34
- 59th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $611K – $1.5M including a $50K franchise fee, 6.0% ongoing royalty.
- RETURNSItem 19 covers 27 AFFILIATE-owned locations open at least twelve months (printed p.44). No franchised data is disclosed: 'No franchised stores are included because our first franchised store opened in calendar year 2024 and we do not have adequate data to include for that store' (printed p.45).
- RISKVerdict A (Strongest tier), verdict score 59/100 (higher is better).
- FLAGBankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- 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
- California
- HQ
- 15301 Ventura Boulevard, Building B Suite 250, Sherman Oaks, California 91403
- Auditor
- Moss Adams
- Audited financials
- Franchisor revenue
- $210K
- vs $279K prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
- CEO
- David Mkhitaryan
- Headquarters
- California
- Founded
- 2023
- FDD year
- 2026
- States available
- 1
Can you afford it, and what does the money buy?
Entry cost runs 61% above the typical quick-service restaurants franchise.
Source: FDD 2026 · Items 5–7
Full Item 7 breakdown19 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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $611K – $1.5M
- Bottom third — review vs category
- Liquid capital req'd
- $20K – $55K
- Top 40% of category vs category
- Franchise fee
- $50K – $50K
- Bottom third — review vs category
- Royalty
- 6.0%
- percentage · 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 | $600 |
| Training fee | $5K |
| Transfer fee | $13K |
| Renewal fee | $13K |
| Inventory (initial) | $37K – $63K |
| Total fee load | 8.0% of rev |
What do units actually make?
Source: FDD 2026 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Angry Chickz did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Angry Chickz unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
10%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
Item 19 covers 27 AFFILIATE-owned locations open at least twelve months (printed p.44). No franchised data is disclosed: 'No franchised stores are included because our first franchised store opened in calendar year 2024 and we do not have adequate data to include for that store' (printed p.45).
Company-owned outlets only - not franchisee performance
- Item 19 type
- historical
- Sample size
- 27
- vs category median 20
- Range (low → high)
- $752K→$6.8M
- Cohort dispersion (min → max)
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 782 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 8.0% (near the Quick-Service Restaurants average).
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Angry Chickz Compares
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 34
- Opened
- 6
- 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
- 32
- Corporate units in the system
- % franchised
- 6%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 6
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- 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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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)
There is no litigation required to be disclosed in Item 3.
Bankruptcy (Item 4)
Disclosed in last 7 years
CEO David Mkhitaryan filed Chapter 7 personal bankruptcy in US Bankruptcy Court, Central District of California (Case No. 1:19-bk-12181-vk) on August 29, 2019; discharged 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: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 59 / 100 verdict
- 01HIGHGoing Concern status is FALSE — indicates potential financial instability or operational distress at corporate level
- 02MINOROnly 28 units with unknown growth trajectory — insufficient scale to validate unit economics or system health
- 03MEDHigh capital requirement ($603K-$1.32M) paired with undisclosed profitability creates significant downside risk
- 04MINOR6% 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
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 3 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 19 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Within 25 miles of the franchisor's principal business address, at a location chosen by the arbitrator |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
There is 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
- Angry Chickz headquarters (Sherman Oaks/Thousand Oaks, California) and designated training restaurant
- Ongoing training
- Required
- Field support
- 40 hrs/yr
- On-site visits per year
- Time to open
- 12 mo
- From signing to launch
- Site selection
- Franchisee identifies proposed site; franchisor reviews and approves/rejects under its then-current site standards
- Franchisor financing
- Not offered
- Item 10
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 (2026) 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 $611K – $1.5M, 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?
Angry Chickz does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Angry Chickz FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Angry Chickz FDD and qualifies whose outlets they describe.
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 34 total units in the United States, including 2 franchised units and 32 company-owned units. 6 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 verdict score of 59 out of 100 (higher is better), 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.
For franchisors
Are you the franchisor?
If you represent Angry Chickz, you can request corrections or provide updated information.
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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.