Chiddy’s Cheesesteaks
Bottom line
- Total investment $167K – $397K including a $30K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100.
- 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
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 Chiddy’s Cheesesteaks unit return on the cash you put in?
Unlevered ROIC · per unit
38%
In Yale's "attractive" band (30–60%)
Overview
About
Franchisees operate quick-service cheesesteak restaurants, likely managing food preparation, inventory, staffing, and customer service in a limited-menu format. Day-to-day operations involve prep work, order fulfillment, point-of-sale management, and maintaining food safety standards in a small footprint.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
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
Early-stage, under-scaled QSR franchise with zero financial transparency, unprotected territory, and gross-based royalties — suitable only for investors with strong due diligence and risk tolerance.
Score breakdown · what drove the 65 / 100 rating
- 01MINORNo Item 19 financial disclosure — cannot verify if $167k-$397k investment generates positive ROI
- 02MINOROnly 5 units system-wide with unknown growth trajectory suggests minimal scale and unproven model
- 03MINORUnprotected territory creates risk of direct competition from other franchisees in same market
- 04MINOR6% royalty on gross sales (not net) means franchisee pays during unprofitable periods
- 05MINORWide investment range ($230k spread) indicates inconsistent build-out costs or hidden variables
- 06MEDNo disclosed average revenue or net income — transparency concerns typical of early-stage franchises
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
2 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Chiddy’s Cheesesteaks · FDD (2025) PDF