Fish & Chips Gordon Ramsay
Formerly known as GRN (Global Recruiters Network)
Bottom line
- Total investment $1.5M – $2.4M including a $50K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 72/100.
- 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
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 Fish & Chips Gordon Ramsay unit return on the cash you put in?
Unlevered ROIC · per unit
6%
Below typical band (30–60%)
Overview
About
Franchisees operate fast-casual or quick-service restaurants branded under Gordon Ramsay's name, serving fish and chips as the primary menu offering. Day-to-day operations include managing food preparation, inventory, staffing, customer service, and point-of-sale activities while adhering to brand standards and paying 5% royalties on all revenue.
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 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).
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
High-investment, ultra-early-stage concept with unproven unit economics, zero territory protection, and franchisor financial uncertainty masking significant franchisee risk.
Score breakdown · what drove the 72 / 100 rating
- 01MINOROnly 5 units in system with unknown growth trajectory suggests minimal brand traction and scaling issues
- 02MINORNo average revenue or net income disclosure (Item 19) prevents ROI validation and creates opacity around profitability
- 03HIGHGoing concern status is FALSE, indicating potential financial instability or operational uncertainty at franchisor level
- 04MINORUnprotected territory creates direct competition risk — multiple franchisees could saturate same market
- 05MEDHigh investment range ($1.5M–$2.4M) paired with undisclosed financials creates extreme payback period uncertainty
- 06MINORExtremely small unit count (5 total) suggests brand is pre-growth stage with unproven franchisee success model
- 07MINORCelebrity-backed brands (Gordon Ramsay) often rely on licensing fees rather than operational profitability, creating franchisor incentive misalignment
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
3 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Fish & Chips Gordon Ramsay · FDD (2026) PDF