FranchiseVerdict
Holy Burger logo
FV-01202·MODERATEExcellent81

Holy Burger

Formerly known as Holy Cow! Burgers

Food & Beverage - Full ServiceFranchising since 2022Website
Investment
$96K – $313K
5th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
26
60th pct Full Service
SBA default

Bottom line

  • Total investment $96K – $313K including a $30K 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 62/100.
  • System growing at 900.0% CAGR over 3 years with 26 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Holy Cow Franchise LLC
Incorporated in
New York
HQ
240-09 Linden Blvd., Elmont, NY 11003
Auditor
Metwally CPA PLLC
Audited financials
Franchisor revenue
$12K
vs $319K 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 Holy Burger 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: $96K–$313K
Working capital
$
FDD reports $12K–$36K

Unlevered ROIC · per unit

56%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$128K
EBITDA margin
17.0%
Total invested
$229K
Payback
22 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

Holy Burger franchisees operate quick-service burger restaurants, managing daily food prep, customer service, inventory, and staffing. They handle point-of-sale operations, maintain food safety standards, and execute the brand's menu offerings while generating revenue subject to a 5% royalty to the franchisor.

CEO
Adil Palwala
Founded
2022
FDD year
2026
States available
3

Item 7 · what it costs

The Vitals

Total investment
$96K – $313K
All-in to open one unit
Liquid capital
$12K – $36K
Cash you must have on hand
Franchise fee
$30K
Royalty
5.0%
Gross Revenues · 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
26
Opened
8
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
14
Corporate units in the system
% franchised
46%
vs corporate-owned
Net growth (yr3)
+100.0%
Net unit change last year
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2024
10+10
Franchised units
2025
5
Franchised units
2026
1
Franchised units

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

Item 20 · 18 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 · 18 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

62
Risk · 0-100
MODERATE62 / 100

Holy Burger presents elevated risk due to missing financial disclosure (Item 19), going concern warning, and unproven unit economics despite 100% growth claims.

Score breakdown · what drove the 62 / 100 rating

  1. 01MEDNo average revenue or net income disclosed (Item 19 missing) — impossible to validate ROI on $95.6K-$313.4K investment
  2. 02HIGHGoing Concern status is FALSE — suggests franchisor may have solvency or operational sustainability issues
  3. 03MINOR100% YoY unit growth from only 26 units is statistically unreliable and may indicate new system with unproven model
  4. 04MINORWide investment range ($218K spread) suggests inconsistent unit economics or undefined support costs
  5. 05MED5% royalty on undisclosed revenues creates earnings opacity — franchisees cannot estimate net profit margins
  6. 06HIGHNo litigation disclosed but combined with going concern status raises questions about financial stability and franchisor support

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Radius or Population
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Granted
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
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
New York

Item 11

Training & Operations

Classroom training
16 hrs
On-the-job training
29 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

19 numbers

Locked
(808) 586-••••
HI
(605) 773-••••
SD
(317) 232-••••
IN

One-time purchase · CSV download · Validation questions included

FDD download

Holy Burger · FDD (2026) PDF

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