Myungrang Korean Hot Dog Shop Franchise Cost, Revenue & Review 2026
- Investment
- $196K – $525K
- Disclosed sales
- not disclosed
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Myungrang Korean Hot Dog Shop is a quick-service franchise serving Korean-style corn dogs with fusion toppings. Franchisees run compact shops, managing made-to-order frying, staffing, and counter service.
FranchiseVerdict summary · 2026
A Myungrang Korean Hot Dog Shop franchise requires a total initial investment of $196K – $525K, including a $35K franchise fee and an ongoing 4.0% royalty[2]. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored3 of 5 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $196K – $525K
- 21st pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 4.0%
- 3rd pct Service Resta…
- Units
- 10
- 37th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $196K – $525K including a $35K franchise fee, 4.0% ongoing royalty.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict B (Above average), verdict score 56/100 (higher is better).
- GROWTHNegative: net -4 franchised outlets in the latest year (1 opened, 4 closed); 1 signed but not yet open (Item 20).
- DATAThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Myungrang America, LLC
- Parent company
- Myungrang Sidae Restaurant Youth Cooperative Association
- FDD Item 1, page 8 of the 2025 FDD
- CEO title
- Manager
- Andrew Joh
- CEO experience
- 9 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- CA
- HQ
- 22632 Golden Springs Dr. #105, Diamond Bar, CA 91765
- Auditor
- Ocean Crest Advisors
- Audited financials
- Franchisor revenue
- $555K
- vs $583K prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
- CEO
- Andrew Joh
- Headquarters
- CA
- Founded
- 2019
- FDD year
- 2025
- States available
- 7
Can you afford it, and what does the money buy?
Entry cost runs 26% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown24 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial subfranchise fee | $35K | $35K | |
| Subfranchise Agreement security deposit | $5K | $5K | |
| Real property lease security deposit and one month rent and common area maintenance charges | $8K | $24K | |
| Leasehold Improvements | $60K | $300K | |
| Furniture | $850 | $2K | |
| Furnishings | $2K | $4K | |
| Equipment | $25K | $30K | |
| Small wares | $600 | $1K | |
| Décor Item | $200 | $500 | |
| Uniforms | $600 | $1K | |
| Computer, point of sale system, credit card processor, and two printers | $1K | $3K | |
| Opening inventory of nonproprietary food products, ingredients, and components, paper goods (including plates, cups with lids, napkins, and straws), utensils, and cleaning supplies | $4K | $7K | |
| Opening inventory of proprietary food products and ingredients (including hot dog powder, cheddar cheese sauce, cheese mustard sauce, and breadcrumbs) | $6K | $10K | |
| Branded or proprietary paper goods and food packaging (including bamboo sticks, hot dog inner bags and trays, and paper and plastic bags) | $2K | $3K | |
| Two specified size Smart Televisions for digital menu displays | $3K | $3K | |
| Interior Signs | $2K | $5K | |
| Exterior Signs | $3K | $5K | |
| Governmental permits and licenses | $2K | $5K | |
| Utility deposits | $2K | $2K | |
| Insurance premiums | $400 | $700 | |
| Total initial investment | $196K | $525K |
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $196K – $525K
- Top 40% of category vs category
- Liquid capital req'd
- $30K – $60K
- Middle of category vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 4.0%
- typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 4.0% of gross sales |
| Marketing / ad fund | 0.0% |
| Transfer fee | $20K |
| Renewal fee | $15K |
| Inventory (initial) | $11K – $20K |
| Total fee load | 6.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Myungrang Korean Hot Dog Shop makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Myungrang Korean Hot Dog Shop unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Quick-Service Restaurants median of 7.5%.
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
Net unit growth of +42.9% over 3 years (1 opened, 4 closed).
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants medians
How Myungrang Korean Hot Dog Shop Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 10
- Opened
- 1
- Last reporting year
- Closed
- 4
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- N/A
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +42.9%
- Net unit change over 3 years
- 3-yr CAGR
- -16.7%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 1
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 1
- 0.10 per open outlet · Item 20 Table 5
- Projected new
- 1
- Franchisor's next-year forecast
- Transfer rate
- 10.0%
- Owners selling to other franchisees
- Ceased ops
- 40.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 6 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.
Available to sell in · Item 12
- California
- Hawaii
- Michigan
- Minnesota
- North Dakota
- Rhode Island
- South Dakota
States where the franchisor is registered to sell new franchises (FDD registration filings).
Where the owners are · Item 20 owner list
11 current owners across 6 states.
- CA 6
- AZ 1
- CO 1
- MI 1
- NV 1
- OH 1
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation required to be disclosed in Item 3. Settlement agreement between parent MS and LTK (not a formal litigation) noted in Item 1.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Ocean Crest Advisors
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
FY2024 total revenues of $554,712 comprised Sales $287,560 (product purchases by franchisees), Royalty income $125,527, and Sub-franchise fee income $141,625. Other income of $30,141 is reported below operating expenses. Franchisor recorded a net loss of $(43,682) for FY2024.
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 56 / 100 verdict
- 01MEDSystem contracting sharply: 28.6% unit decline YoY (10 units remaining) suggests franchisee dissatisfaction or poor unit economics
- 02MINORNo territory protection: Franchisees vulnerable to cannibalization; franchisor can open competing units nearby without restriction
- 03MINORWeak franchise fee ($35k) relative to total investment suggests front-loaded costs borne by franchisee, not franchisor
- 04MINOR10-year term with 28.6% attrition indicates poor unit retention and potential franchisee ROI challenges
- 05MEDSpecialty product (Korean hot dogs) has narrow addressable market and limited menu diversification
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | No territory protection |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 3 years |
| Non-compete (miles)ℹ | 3 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination groundsℹ | 4 |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | No |
| Arbitration location | Los Angeles County, California |
| Jury trial waiver | No |
| Governing law | CA |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3. Settlement agreement between parent MS and LTK (not a formal litigation) noted in Item 1.
Items 10, 11
Training & Operations
- Classroom training
- 5 hrs
- On-the-job training
- 8 hrs
- Training location
- Buena Park Shop and franchisee's Myungrang Shop
- Ongoing training
- Optional
- Time to open
- 6 mo
- From signing to launch
- Site selection
- franchisor approval required
- Franchisor financing
- Not offered
- Item 10
- POS system
- VelaPOS / Cocard
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: VelaPOS / Cocard
Item 20 · call current owners
Franchisee Contacts
11 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Myungrang Korean Hot Dog Shop franchise?
The total investment to open a Myungrang Korean Hot Dog Shop franchise ranges from $196K – $525K, 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 Myungrang Korean Hot Dog Shop franchise owners earn?
Myungrang Korean Hot Dog Shop makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Myungrang Korean Hot Dog Shop?
Myungrang Korean Hot Dog Shop is franchised by Myungrang America, LLC. Its parent company is Myungrang Sidae Restaurant Youth Cooperative Association. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Myungrang Korean Hot Dog Shop FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Myungrang Korean Hot Dog Shop FDD and qualifies whose outlets they describe.
What is Myungrang Korean Hot Dog Shop's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Myungrang Korean Hot Dog Shop (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 Myungrang Korean Hot Dog Shop franchise locations are there?
As of their most recent FDD filing, Myungrang Korean Hot Dog Shop has 10 total units in the United States, including 10 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is Myungrang Korean Hot Dog Shop a good franchise to buy?
FranchiseVerdict rates Myungrang Korean Hot Dog Shop as a B-grade franchise with a verdict score of 56 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.
For franchisors
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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.