FranchiseVerdict
Fried Chicken Master logo
FV-01005·CAUTIONStandard71

Fried Chicken Master

Formerly known as Master Franchisee

Food & Beverage - Quick ServiceFranchising since 2019Website
Investment
$239K – $381K
46th pct Quick Service
Avg revenue
60th pct Quick Service
Royalty
4.0%
2nd pct Quick Service
Units
0
0th pct Quick Service
SBA default

Bottom line

  • Total investment $239K – $381K including a $50K franchise fee, 4.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 75/100.
  • 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
A QIN LLC
Parent company
Super Qin Private Ltd.
Incorporated in
California
HQ
2055 Junction Avenue, Suite 100, San Jose, California 95131
Auditor
DLEE Accountancy, Inc.
Audited financials
Franchisor revenue
$30K
vs $31K 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 Fried Chicken Master 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: qsr
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $239K–$381K
Working capital
$
FDD reports $30K–$60K

Unlevered ROIC · per unit

36%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$128K
EBITDA margin
17.0%
Total invested
$355K
Payback
33 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

Franchisees operate quick-service fried chicken restaurants, managing food preparation, inventory, staffing, customer service, and point-of-sale operations. Daily activities include food sourcing, kitchen operations, front-of-house management, delivery/takeout coordination, and adherence to brand standards and 4% royalty payment obligations.

CEO
Ching-Lun Chou
Founded
2019
FDD year
2026
States available
0

Item 7 · what it costs

The Vitals

Total investment
$239K – $381K
All-in to open one unit
Liquid capital
$30K – $60K
Cash you must have on hand
Franchise fee
$50K
Royalty
4.0%
Percentage of Gross Revenues · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
5.0%
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
0
Opened
0
Last reporting year
Closed
0
Company-owned
0
Corporate units in the system
2024
0±0
Franchised units
2025
0
Franchised units
2026
0
Franchised units

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

Item 20 · 13 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 · 13 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

75
Risk · 0-100
CAUTION75 / 100

Zero-unit franchise system with undisclosed financials, going concern issues, and unproven business model represents extremely high execution risk for franchisees with no operating comparables to validate investment thesis.

Score breakdown · what drove the 75 / 100 rating

  1. 01MINORZero existing franchise units indicates brand has never successfully scaled or is newly launched with unproven model
  2. 02MINORNo average revenue or net income disclosure (Item 19) prevents realistic ROI assessment and suggests franchisor may lack performance data
  3. 03HIGHGoing Concern status is FALSE, indicating potential financial instability or operational uncertainty at corporate level
  4. 04MINORHigh investment range ($239K-$381K) relative to unknown revenue potential creates asymmetric risk
  5. 05MINOR5-year term is shorter than industry standard (10 years), suggesting either experimental concept or franchisor risk mitigation
  6. 06MINORInability to validate claims against existing franchisee performance data

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Metropolitan area to an entire state
Protected territory
Yes
Initial term
5 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
Required
Governing law
California

Item 11

Training & Operations

Classroom training
32 hrs
On-the-job training
80 hrs
POS system
REVEL POS System
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

17 numbers

Locked
(217) 782-••••
IL
(410) 576-••••
MD
(608) 261-••••
WI

One-time purchase · CSV download · Validation questions included

FDD download

Fried Chicken Master · FDD (2026) PDF

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