Mad for ChickenFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Mad for Chicken franchise requires a total initial investment of $437K – $917K, including a $35K franchise fee and an ongoing 5.0% royalty[2]. Per the 2022 FDD, average unit revenue was $2.5M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2022 FDD issuance
Overview
- Investment
- $437K – $917K
- 29th pct Service Resta…
- Avg gross sales
- $2.5M
- 24th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 9
- 20th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 3.7x in gross revenue, well above the typical 1.5-2.5x range.
Bottom line
- Total investment $437K – $917K including a $35K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $2.5M/year.
- Verdict A (Top Quintile) with a risk score of 33/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Mad for Chicken Franchise Inc.
- CEO title
- Co-Chief Executive Officer
- Sean Cho
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- NY
- HQ
- 1035 Old Country Road, Westbury, New York 11590
- Auditor
- Akiva Manne, CPA
- Audited financials
- Franchisor revenue
- $7K
- vs $149K prior year
Overview
About
Mad for Chicken franchisees operate quick-service chicken restaurants, likely handling daily operations including food preparation, customer service, inventory management, and staff scheduling. Revenue averages $2.71M annually per unit, though actual net profitability remains undisclosed.
- CEO
- Sean Cho
- Headquarters
- NY
- Founded
- 2019
- FDD year
- 2022
- States available
- 2
FDD Item 7 · 2022 filing · 42 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee (Express Model) | $35K | $35K | |
| Training Expenses (Express Model) | $3K | $6K | |
| Lease & Utilities Deposits (Express Model) | $8K | $23K | |
| Architectural Plans (Express Model) | $10K | $15K | |
| Leasehold Improvements, Construction and/or Remodeling (Express Model) | $128K | $170K | |
| Furniture, Fixtures and Equipment (Express Model) | $150K | $175K | |
| Signage (Express Model) | $6K | $10K | |
| Business Licenses and Permits (Express Model) | $3K | $5K | |
| POS System (Express Model) | $800 | $2K | |
| Initial Inventory (Express Model) | $14K | $28K | |
| Professional Fees (Express Model) | $3K | $7K | |
| Grand Opening Advertising (Express Model) | $15K | $15K | |
| Insurance (Express Model) | $3K | $3K | |
| Operating Expenses / Additional Funds - 3 months (Express Model) | $60K | $155K | |
| Initial Franchise Fee (Full Restaurant) | $35K | $35K | |
| Training Expenses (Full Restaurant) | $3K | $6K | |
| Lease & Utilities Deposits (Full Restaurant) | $21K | $43K | |
| Architectural Plans (Full Restaurant) | $10K | $20K | |
| Leasehold Improvements, Construction and/or Remodeling (Full Restaurant) | $170K | $340K | |
| Furniture, Fixtures and Equipment (Full Restaurant) | $175K | $200K | |
| Total initial investment | $1.4M | $2.5M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$302K
12.0% margin
Unlevered ROIC
37%
EBITDA / total invested capital
Payback
32 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $437K – $917K
- Better than avg vs category
- Liquid capital req'd
- $60K – $205K
- Near category avg vs category
- Franchise fee
- $35K – $35K
- Better than avg vs category
- Royalty
- 5.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $1 |
| Transfer fee | $10K |
| Renewal fee | $3K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $2.5M
- Per unit, per year
- Median gross sales
- N/A
- Item 19 type
- Historic financial performance of affiliate-owned outlets
- Sample size
- 4 units
- vs category median 13 · small
- Range (low → high)
- $1.3M→$3.8M
- Cohort dispersion (min → max)
- Transparency
- 3 / 5
- vs category median 4 / 5 · below
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Mad for Chicken Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 9
- Opened
- 5
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 56%
- vs corporate-owned
- Multi-unit owners
- 1.0%
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 3
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $640K
- Median loan
- $640K
- 50th percentile
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Mad for Chicken's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Caution-to-High Risk: A micro-franchise (9 units) with going concern issues, undisclosed profitability, and incomplete financial transparency makes ROI validation impossible despite favorable royalty terms.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Akiva Manne, CPA
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 33 / 100 rating
- 01HIGHGoing Concern status is FALSE — indicates potential financial instability or undisclosed operational challenges at corporate level
- 02MEDNet Income not disclosed in Item 19 — impossible to validate actual profitability despite $2.71M average revenue claim
- 03MINOROnly 9 units system-wide — extremely small franchise network raises questions about scalability, support infrastructure, and corporate viability
- 04MINORWide investment range ($436K–$917K spread of 110%) — suggests inconsistent unit economics or lack of standardized build-outs
- 05MEDNo disclosed unit growth trajectory — cannot assess whether the 9 units are stable, growing, or declining
- 06MINOR5% royalty on gross revenue — favorable rate masks inability to evaluate net unit economics without profit disclosure
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius or zip codes |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 5 mi |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 5 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | New York |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 25 hrs
- On-the-job training
- 153 hrs
- Training location
- affiliate- or franchised-owned outlet
- Ongoing training
- Required
- Field support
- 80 hrs/yr
- On-site visits per year
- Time to open
- 12 mo
- From signing to launch
- POS system
- RPOWER POS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: RPOWER POS
Item 20 · call current owners
Franchisee Contacts
18 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Mad for Chicken · FDD (2022) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Mad for Chicken franchise?
The total investment to open a Mad for Chicken franchise ranges from $437K – $917K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Mad for Chicken franchise owners earn?
According to Item 19 of the Mad for Chicken FDD, the average gross sales per unit is $2.5M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Mad for Chicken's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Mad for Chicken (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Mad for Chicken franchise locations are there?
As of their most recent FDD filing, Mad for Chicken has 9 total units in the United States, including 5 franchised units and 4 company-owned units. 5 new units were opened in the latest reporting year.
Is Mad for Chicken a good franchise to buy?
FranchiseVerdict rates Mad for Chicken as a A-grade franchise with a risk score of 33 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.