Corndogs by Mr. CowFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Corndogs by Mr. Cow franchise requires a total initial investment of $144K – $262K, including a $25K franchise fee and an ongoing 4.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $144K – $262K
- 16th pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 4.0%
- 3rd pct Service Resta…
- Units
- 19
- 46th pct Service Resta…
- SBA default
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-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
Franchised units fell from 19 to 0 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $144K – $262K including a $25K franchise fee, 4.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict D (Below Average) with a risk score of 70/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- 1st R. Trading, LLC
- CEO title
- Chief Executive Officer and Manager
- Yun Ho Kim
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- GA
- HQ
- 3362 Hartford Mill Place, Duluth, Georgia 30097
- Auditor
- PNJK Partners, LLP
- Audited financials
- Franchisor revenue
- $497K
- vs $534K prior year
Overview
About
Franchisees operate quick-service food stands or kiosks specializing in corndogs and related fried snacks. Daily operations include food preparation, inventory management, customer service, and facility maintenance. Revenue model relies on high-volume, low-margin transactions typical of limited-menu food concepts.
- CEO
- Yun Ho Kim
- Headquarters
- GA
- Founded
- 2021
- FDD year
- 2026
- States available
- 8
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $25K | $25K |
| Working capital (3–6 mo) | $15K | $25K |
| Equipment, build-out, other | $104K | $212K |
| Total initial investment | $144K | $262K |
Source: Corndogs by Mr. Cow 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $144K – $262K
- Better than avg vs category
- Liquid capital req'd
- $15K – $25K
- Better than avg vs category
- Franchise fee
- $25K – $25K
- Better than avg vs category
- Royalty
- 4.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 5.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 4.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Training fee | $2K |
| Transfer fee | $8K |
| Renewal fee | $1K |
| Total fee load | 5.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Quick-Service Restaurants averages
How Corndogs by Mr. Cow Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 19
- Opened
- 4
- Last reporting year
- Closed
- 2
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 1
- Term expired, not renewed (per Item 20)
- Turnover rate
- 10.5%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 9.5%
- Net growth (yr3)
- +11.8%
- Net unit change last year
- 3-yr CAGR
- +26.7%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 1
- Projected new
- 4
- Franchisor's next-year forecast
- Transfer rate
- 5.3%
- Owners selling to other franchisees
- Termination rate
- 5.3%
- Franchisor-initiated terminations
- Ceased ops
- 10.5%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 11 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
High-risk investment in micro-franchise with undisclosed financials, questionable franchisor stability, and minimal system scale — profitability claims cannot be validated.
Litigation (Item 3)
No litigation is required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · PNJK Partners, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 70 / 100 rating
- 01MINORNo Item 19 financial disclosure (avg revenue and net income not provided) — impossible to assess actual profitability or ROI on $144k-$262k investment
- 02HIGHGoing Concern status is FALSE, indicating potential financial instability or uncertainty at franchisor level
- 03MEDModest unit growth of 11.8% YoY with only 19 total units suggests limited brand traction and scale
- 04MED4% royalty structure with no disclosed revenue benchmarks makes it difficult to model break-even scenarios
- 05MINORSmall franchise system (19 units) increases operational fragility and support quality concerns
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 | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | Radius or Geographical Area |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Los Angeles County, California |
| Jury trial waiver | Yes |
| Governing law | Georgia |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 68 hrs
- Training location
- On-site and corporate
- Time to open
- 9 mo
- From signing to launch
- POS system
- Clover
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Clover
Item 20 · call current owners
Franchisee Contacts
17 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Corndogs by Mr. Cow · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Corndogs by Mr. Cow franchise?
The total investment to open a Corndogs by Mr. Cow franchise ranges from $144K – $262K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Corndogs by Mr. Cow franchise owners earn?
Corndogs by Mr. Cow 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 Corndogs by Mr. Cow's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Corndogs by Mr. Cow (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 Corndogs by Mr. Cow franchise locations are there?
As of their most recent FDD filing, Corndogs by Mr. Cow has 19 total units in the United States, including 19 franchised units and 0 company-owned units. 4 new units were opened in the latest reporting year.
Is Corndogs by Mr. Cow a good franchise to buy?
FranchiseVerdict rates Corndogs by Mr. Cow as a D-grade franchise with a risk score of 70 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.
For franchisors
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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.