FranchiseVerdict
Chronic Tacos logo
FV-00534·MODERATEExcellent91

Chronic Tacos

Food & Beverage - Full ServiceFranchising since 2006Website
Investment
$284K – $884K
33rd pct Full Service
Avg revenue
$858K
14th pct Full Service
Royalty
Units
31
63rd pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $284K – $884K including a $30K franchise fee.
  • Average unit revenue of $858K/year (median $781K).
  • Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 18 loans (below the industry average).
  • System contracting at -35.6% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Chronic Tacos Enterprises, Inc.
Parent company
Calivan, Inc.
Incorporated in
California
HQ
95 Enterprise, Suite 320, Aliso Viejo, California 92656
Auditor
DNJ & ASSOCIATES
Audited financials
Franchisor revenue
$2.1M
vs $2.0M 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 Chronic Tacos unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $858,045
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: $284K–$884K
Working capital
$
FDD reports $20K–$50K

Unlevered ROIC · per unit

21%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$129K
EBITDA margin
15.0%
Total invested
$619K
Payback
58 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 Chronic Tacos units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.4M

on $6.9M purchase

Total debt

$5.5M

SBA $3.4M + senior + seller note

Overview

About

Franchisees operate fast-casual taco restaurants serving customizable tacos, burritos, and related Mexican-inspired fare. Day-to-day operations include food preparation, customer service, inventory management, and local marketing while adhering to Chronic Tacos' brand standards and recipes. Franchisees manage 5-20 employees and handle P&L responsibility under a royalty-based model.

CEO
Michael Mohammed
Founded
2006
FDD year
2024
States available
7

Item 7 · what it costs

The Vitals

Total investment
$284K – $884K
All-in to open one unit
Liquid capital
$20K – $50K
Cash you must have on hand
Franchise fee
$30K
Royalty
Greater of 6% of Gross Sales or $600
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$858K
Per unit, per year
Median gross sales
$781K
Item 19 type
Gross Sales
Sample size
24 units
vs category median 15
Range (low → high)
$292K$1.9M
Cohort dispersion
Transparency
6 / 5
vs category median 4 / 5 · above
Revenue rank14th
vs Food & Beverage - Full Service peers
Investment cost rank33th
Lower investment ranks lower (better)
Royalty rate rank93th
Lower royalty = lower percentile (better)
Unit count rank63th
vs Food & Beverage - Full Service peers
Risk score rank51th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
31
Opened
1
Last reporting year
Closed
8
Turnover rate
25.8%
Company-owned
2
Corporate units in the system
% franchised
94%
vs corporate-owned
Multi-unit owners
1.0%
Net growth (yr3)
-19.4%
Net unit change last year
3-yr CAGR
-35.6%
Compounded over last 3 years
2022
29-6
Franchised units
2023
36
Franchised units
2024
45
Franchised units

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

Item 20 · 21 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 · 21 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.

Total loans
18
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

63
Risk · 0-100
MODERATE63 / 100

Chronic Tacos presents HIGH RISK due to accelerating unit decline, missing financial disclosures, and unclear profitability metrics that prevent proper due diligence on a $284K-$884K investment.

Score breakdown · what drove the 63 / 100 rating

  1. 01MEDUnit count declined 19.4% YoY (31 units) indicating system contraction and potential franchisee dissatisfaction
  2. 02MEDNet income not disclosed in Item 19 prevents ROI analysis and suggests franchisor may be hiding unfavorable profitability data
  3. 03MEDHigh investment range ($284K-$884K) combined with undisclosed net income creates unclear payback period and return visibility
  4. 04MINORRoyalty structure with $600 monthly minimum may be burdensome for underperforming locations, especially given average revenue of $858K
  5. 05MINOR10-year term is lengthy given system instability; difficult to exit if brand continues declining
  6. 06HIGHGoing Concern status is FALSE, which may indicate financial viability concerns at franchisor level

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
10 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
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
California

Item 11

Training & Operations

Classroom training
43 hrs
On-the-job training
157 hrs
POS system
Auphan
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

51 numbers

Locked
(949) 366-••••
The franchisor is Chronic Tacos Enterprises, Inc., located at
CA
(251) 981-••••
AL
(814) 881-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

Chronic Tacos · FDD (2024) PDF

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