Bottom line
- Total investment $432K – $725K including a $35K franchise fee, 5.5% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 72/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
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 Noble Chicken unit return on the cash you put in?
Unlevered ROIC · per unit
18%
Below typical band (30–60%)
Overview
About
Noble Chicken franchisees operate fast-casual or QSR chicken concepts, likely focused on prepared chicken entrees and related sides. Day-to-day operations include food preparation, inventory management, staff scheduling, customer service, and point-of-sale management within a protected 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 · 8 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
Pre-revenue franchise with zero operating units, active CEO litigation alleging fraud, and undisclosed financials—extreme risk unsuitable for most investors.
Score breakdown · what drove the 72 / 100 rating
- 01MINORZero operating units with unknown growth trajectory—no proven franchise system or track record
- 02HIGHGoing Concern status is FALSE, indicating potential financial instability or viability questions at corporate level
- 03HIGHActive litigation involving President/CEO (Masadeh) with allegations of fraudulent inducement and breach of fiduciary duty—directly relevant to franchisee protection
- 04MEDNo Item 19 financial performance disclosure (Avg Revenue and Net Income not disclosed)—impossible to validate ROI or unit economics
- 05MEDHigh initial investment ($432K-$725K) paired with 5.5% royalty on undisclosed revenue creates profitability uncertainty
- 06HIGHLitigation involves operational/distribution disputes that could foreshadow franchisee-franchisor conflict
- 07MINORBrand is pre-launch or extremely early-stage with no franchisee reference pool to validate claims
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
8 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Noble Chicken · FDD (2025) PDF