NHC Nashville Hot Chicken
Bottom line
- Total investment $252K – $497K including a $45K 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 65/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
- 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 NHC Nashville Hot Chicken unit return on the cash you put in?
Unlevered ROIC · per unit
27%
Below typical band (30–60%)
Overview
About
Franchisees operate fast-casual Nashville hot chicken restaurants, handling daily food preparation, customer service, inventory management, and staffing. Operations include managing a limited menu focused on spiced chicken sandwiches and sides, managing front-of-house and kitchen staff, and driving local marketing within their unprotected territory.
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 · 7 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
Contracting franchise system with unproven unit economics, no territory protection, and missing financial disclosure data creates material investment risk.
Score breakdown · what drove the 65 / 100 rating
- 01MEDUnit count declined 11.1% year-over-year (8 units total) — indicates system contraction and weak franchisee retention
- 02MEDNo average revenue or net income disclosure (missing Item 19) — prevents ROI validation and profitability assessment
- 03MINORNo protected territory — franchisees face cannibalization risk and direct competition from other franchisees
- 04MEDSmall system size (8 units) with declining growth — limited proof of concept and operational stability
- 05MEDHigh initial investment range ($252k-$496k) combined with undisclosed profitability metrics creates uncertainty on payback period
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
13 numbers
One-time purchase · CSV download · Validation questions included
FDD download
NHC Nashville Hot Chicken · FDD (2026) PDF