FranchiseVerdict
Hawaiian Bros Island Grill logo
FV-01167·Minimal10

Hawaiian Bros Island Grill

Food & Beverage - Quick ServiceFranchising since 2022Website
Investment
$1.2M – $4.1M
97th pct Quick Service
Avg revenue
$2.5M
54th pct Quick Service
Royalty
6.0%
46th pct Quick Service
Units
52
58th pct Quick Service
SBA default
—

Bottom line

  • Total investment $1.2M – $4.1M including a $50K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $2.5M/year (median $2.4M).
  • Insufficient data to generate a risk assessment.

Item 1 · who you're contracting with

The Franchisor

Legal entity
HAWAIIAN BROS FRANCHISING, LLC
Parent company
Hawaiian Bros Inc.
Incorporated in
Missouri
HQ
720 Main Street, Kansas City, Missouri 64105
Auditor
Moss Adams, LLP
Audited financials
Franchisor revenue
$2.6M
vs $4.1M 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 Hawaiian Bros Island Grill unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $2,484,936
Franchisor take · royalty + ad fund
Royaltytyp 6–8%
%
Ad fundtyp 3–5%
%
Operating costs · category default: qsr
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $1.2M–$4.1M
Working capital
$
FDD reports $114K–$277K

Unlevered ROIC · per unit

11%

Below typical band (30–60%)

0%30–60% Yale band80%
Store EBITDA · annual
$323K
EBITDA margin
13.0%
Total invested
$2.8M
Payback
105 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Hawaiian Bros Island Grill units return on equity?

Edit assumptions

Equity IRR · 5-yr

34.4%

4.38× MOIC

Year-1 DSCR

2.37×

EBITDA ÷ debt service

Equity required

$5.4M

on $14.9M purchase

Total debt

$9.5M

SBA $5.0M + senior + seller note

SBA 7(a) request ($7.5M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

A restaurant trade name and business system that serves the traditional Hawaiian plate lunch and other fresh, high quality Hawaiian cuisine in a Hawaiian-themed atmosphere.

CEO
Scott Ford
Founded
2018
FDD year
2025
States available
9

Item 7 · what it costs

The Vitals

Total investment
$1.2M – $4.1M
All-in to open one unit
Liquid capital
$114K – $277K
Cash you must have on hand
Franchise fee
$50K
Royalty
6.0%
Percentage · typical 6–8%
Ad fund
3.0%
typical 3–5%

Item 19

Financial Performance

Avg gross sales
$2.5M
Per unit, per year
Median gross sales
$2.4M
Item 19 type
Historical Gross Sales
Sample size
41 units
vs category median 37
Range (low → high)
$1.1M→$4.0M
Cohort dispersion
Revenue rank54th
vs Food & Beverage - Quick Service peers
Investment cost rank97th
Lower investment ranks lower (better)
Royalty rate rank46th
Lower royalty = lower percentile (better)
Unit count rank58th
vs Food & Beverage - Quick Service peers
Risk score rank100th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
52
Opened
14
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
21
Corporate units in the system
Multi-unit owners
1.0%
2023
31+11
Franchised units
2024
18
Franchised units
2025
0
Franchised units

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

Item 20 · 9 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 · 9 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

—
Risk · 0-100

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

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
15 years
Renewal term
15 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
No
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Missouri

Item 11

Training & Operations

Classroom training
194 hrs
On-the-job training
202 hrs
POS system
Toast
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

36 numbers

Locked
(816) 569-••••
The franchisor is Hawaiian Bros Franchising, LLC, located at
MO
(720) 320-••••
The franchise seller for this offering is Grant Kreutzer, located at
CO
(402) 282-••••
NE

One-time purchase · CSV download · Validation questions included

FDD download

Hawaiian Bros Island Grill · FDD (2025) PDF

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

Includes AI-generated validation questions · CSV download