CrunCheese Korean Hot DogFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A CrunCheese Korean Hot Dog franchise requires a total initial investment of $190K – $653K, including a $40K franchise fee and an ongoing 5.0% royalty[2]. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $190K – $653K
- 29th pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 5.0%
- 13th pct Service Resta…
- Units
- 16
- 43rd 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 12 to 0 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $190K – $653K including a $40K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict F (Bottom Quintile) with a risk score of 82/100.
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- MHDGA, LLC
- CEO title
- Director
- Choong Kyun “Mike” Kim
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- NV
- HQ
- 10175 W. Twain Ave., Suite 130, Las Vegas, NV, 89147
- Auditor
- Bush & Associates CPA
- Audited financials
- Franchisor revenue
- $158K
- vs $316K prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
Franchisees operate quick-service food counters or kiosks specializing in Korean-style hot dogs (typically cheese-filled and breaded). Day-to-day operations include food preparation, inventory management, point-of-sale transactions, and customer service in high-traffic locations like food courts, malls, or street-front storefronts.
- CEO
- Choong Kyun “Mike” Kim
- Founded
- 2021
- FDD year
- 2024
- States available
- 7
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $40K | $40K |
| Working capital (3–6 mo) | $30K | $50K |
| Equipment, build-out, other | $120K | $563K |
| Total initial investment | $190K | $653K |
Source: CrunCheese Korean Hot Dog 2024 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
- $190K – $653K
- Better than avg vs category
- Liquid capital req'd
- $30K – $50K
- Below avg, review vs category
- Franchise fee
- $15K – $40K
- Below avg, review vs category
- Royalty
- 5.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $400 |
| Transfer fee | $5K |
| Renewal fee | $50 |
| Inventory (initial) | $7K – $20K |
| Total fee load | 6.0% 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 CrunCheese Korean Hot Dog Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 16
- Opened
- 9
- 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
- 4
- Corporate units in the system
- % franchised
- 75%
- vs corporate-owned
- Net growth (yr3)
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 1
- Franchisor's next-year forecast
- Ceased ops
- 6.3%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 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.
Available to sell in · Item 12
- California
- Maryland
- Michigan
- Virginia
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 22
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage, high-growth brand with undisclosed financials, unprotected territories, and going concern issues presents elevated risk despite no litigation history.
Litigation (Item 3)
No litigation disclosure provided in Item 3
Bankruptcy (Item 4)
Disclosed in last 7 years
TC Westshore, LLC (dba Rathaus Las Vegas) filed voluntary Chapter 11 bankruptcy petition on June 15, 2016 (Case No. 16-13277-led) in the United States District Court for the District of Nevada. Order for relief entered August 4, 2016. Case dismissed and closed August 19, 2021. Bankruptcy was due to lease termination.
Audited financials (Item 21)
Yes · Bush & Associates CPA
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 82 / 100 rating
- 01MINORNo financial performance disclosure (Item 19) — cannot validate the $190K-$652K investment ROI claims
- 02MINORExplosive 300% YoY unit growth with only 16 units suggests either rapid unsustainable expansion or inflated growth metrics from very small baseline
- 03HIGHGoing Concern = False indicates potential franchisor financial instability or operational uncertainty
- 04MINORUnprotected territory creates direct competition risk — franchisees could cannibalize each other's sales in same market
- 05MINORWide investment range ($462,450 spread) without corresponding revenue/profit disclosure raises transparency concerns
- 06MEDEarly-stage brand maturity — 16 units is extremely small system with limited operational track record to validate model
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 | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Clark County, Nevada |
| Jury trial waiver | Yes |
| Governing law | Nevada |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation disclosure provided in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 31 hrs
- On-the-job training
- 31 hrs
- Training location
- franchisor location and on-site
- Ongoing training
- Required
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
22 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
CrunCheese Korean Hot Dog · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a CrunCheese Korean Hot Dog franchise?
The total investment to open a CrunCheese Korean Hot Dog franchise ranges from $190K – $653K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do CrunCheese Korean Hot Dog franchise owners earn?
CrunCheese Korean Hot Dog 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 CrunCheese Korean Hot Dog's franchise failure rate?
SBA 7(a) loan charge-off data is not available for CrunCheese Korean Hot Dog (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 CrunCheese Korean Hot Dog franchise locations are there?
As of their most recent FDD filing, CrunCheese Korean Hot Dog has 16 total units in the United States, including 12 franchised units and 4 company-owned units. 9 new units were opened in the latest reporting year.
Is CrunCheese Korean Hot Dog a good franchise to buy?
FranchiseVerdict rates CrunCheese Korean Hot Dog as a F-grade franchise with a risk score of 82 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
Are you the franchisor?
If you represent CrunCheese Korean Hot Dog, you can request corrections or provide updated information.
Claim this brandOther Quick-Service Restaurants franchises
Compare similar franchise opportunities in the Quick-Service Restaurants category
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.