Mad for Chicken
Bottom line
- Total investment $437K – $917K including a $35K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $2.7M/year.
- Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
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 Mad for Chicken unit return on the cash you put in?
Unlevered ROIC · per unit
57%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Mad for Chicken units return on equity?
Equity IRR · 5-yr
26.5%
3.24× MOIC
Year-1 DSCR
3.10×
EBITDA ÷ debt service
Equity required
$14.0M
on $27.1M purchase
Total debt
$13.1M
SBA $5.0M + senior + seller note
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.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
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 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.
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.
Score breakdown · what drove the 64 / 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
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
18 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Mad for Chicken · FDD (2022) PDF