Kyochon
Formerly known as Drenched Fitness
Bottom line
- Total investment $544K – $1.1M including a $40K franchise fee, 4.5% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100.
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
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 Kyochon unit return on the cash you put in?
Unlevered ROIC · per unit
13%
Below typical band (30–60%)
Overview
About
Kyochon franchisees operate Korean fried chicken quick-service restaurants, managing food preparation, inventory, staffing, and customer service. Day-to-day responsibilities include quality control of signature chicken recipes, kitchen operations, delivery/takeout order fulfillment, and building local brand awareness in competitive fast-casual segments.
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 · 11 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
Kyochon presents meaningful risk due to an underdeveloped 5-unit system, absent financial transparency, high capital requirements relative to unknown returns, and unprotected territory—making validation with existing franchisees critical before investment.
Score breakdown · what drove the 65 / 100 rating
- 01MEDOnly 5 units system-wide suggests extremely limited operating history and unproven scalability
- 02MEDNo average revenue or net income disclosure (missing Item 19) prevents realistic ROI assessment
- 03MEDHigh investment range ($543.5K–$1.09M) with no disclosed earnings creates payback period uncertainty
- 04MINORUnprotected territory creates direct competition risk from other franchisees in same market
- 05MINOR3-year term is unusually short and may indicate franchisor uncertainty or franchisee protection concerns
- 06MINORMinimal unit count makes it impossible to validate franchise model viability or franchisee satisfaction rates
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
12 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Kyochon · FDD (2025) PDF