FranchiseVerdict
Cowboy Jack’s logo
FV-00648·MODERATEStandard76

Cowboy Jack’s

Formerly known as AMG Franchises

Food & Beverage - Full ServiceFranchising since 2025Website
Investment
$1.5M – $6.1M
94th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
10
41st pct Full Service
SBA default

Bottom line

  • Total investment $1.5M – $6.1M including a $45K franchise fee, 5.0% 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.
  • 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
AMG Franchises LLC
Parent company
Ciao Hospitality Group LLC
Incorporated in
Minnesota
HQ
7575 Golden Valley Rd, Ste 340, Golden Valley, MN 55427
Auditor
Schechter Dokken Kanter Andrews & Selcer Ltd.
Audited financials

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 Cowboy Jack’s unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
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: $1.5M–$6.1M
Working capital
$
FDD reports $101K–$202K

Unlevered ROIC · per unit

3%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$128K
EBITDA margin
17.0%
Total invested
$3.9M
Payback
371 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.

Overview

About

Cowboy Jack's franchisees operate casual dining or quick-service restaurant concepts with a Western/cowboy theme. Day-to-day operations likely include food preparation, customer service, inventory management, and facility maintenance, with support from a small 10-unit franchisor network.

CEO
Jeff Crivello
Founded
2007
FDD year
2025
States available
3

Item 7 · what it costs

The Vitals

Total investment
$1.5M – $6.1M
All-in to open one unit
Liquid capital
$101K – $202K
Cash you must have on hand
Franchise fee
$45K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical

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

Total units
10
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
5
Corporate units in the system
% franchised
50%
vs corporate-owned
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
+0.0%
Compounded over last 3 years
2023
5±0
Franchised units
2024
5
Franchised units
2025
5
Franchised units

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

Item 20 · 3 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 · 3 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

65
Risk · 0-100
MODERATE65 / 100

Cowboy Jack's presents substantial caution-level risk due to undisclosed financial performance data, minimal system size, questionable franchisor financial health, and unclear unit economics despite significant capital requirements.

Score breakdown · what drove the 65 / 100 rating

  1. 01MEDNo Item 19 (Average Revenue/Net Income) disclosed — impossible to assess unit economics or ROI potential
  2. 02MEDOnly 10 units system-wide indicates minimal scale, limited support infrastructure, and unproven model
  3. 03HIGHGoing Concern status is FALSE — suggests potential financial instability or operational concerns at franchisor level
  4. 04MINORWide investment range ($1.45M–$6.13M) with no revenue disclosure makes unit profitability assessment impossible
  5. 05MINORMinimum royalty of $2,300/month ($27,600/year) creates high fixed cost burden even for underperforming locations
  6. 06MINORUnknown unit growth trajectory — no clarity on system expansion, franchisee retention, or franchisee success rates
  7. 07MINORMinimal franchise fee ($45K) relative to total investment suggests franchisor may rely heavily on royalties for revenue

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Circle 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
Optional

Item 11

Training & Operations

Classroom training
8 hrs
On-the-job training
20 hrs
POS system
Toast POS
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

13 numbers

Locked
(952) 595-••••
MN
(952) 955-••••
ND
(952) 856-••••
MN

One-time purchase · CSV download · Validation questions included

FDD download

Cowboy Jack’s · FDD (2025) PDF

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