On the Hook Fish and Chips Food Truck Franchise Cost & 2025 FDD Data
53/100
Second tier
53 this brand51 Quick-Service Restaurants medianlikely 38–68: narrower with more SBA loans (low confidence)
Higher is better · an editorial assessment, not investment advice
#1,545 of 3,068 graded brands
Why a B: Helped by financial health, legal record and transparency. Held back by scale. See all six factors
- Total investment
- $359K – $701K
- Avg gross sales
- not extracted
- SBA charge-off
- Not SBA-matched
Data from the FDD filing. Analysis by FranchiseVerdict · Methodology · Website · Report an error · Franchisor? Claim this listing
FranchiseVerdict summary · 2025 FDD
Per the 2025 FDD, a On the Hook Fish and Chips Food Truck franchise requires a total initial investment of $359K – $701K, including a $35K franchise fee. Once open, the ongoing royalty is 7.0%. The 2025 FDD on file does not yield a unit-revenue figure we can publish. Verdict grade: B (Second tier), an editorial assessment, not investment advice.
Sources: 2025 FDD · What one unit could make and lose →
Limited operating history: franchising since 2024. A system this young has fewer than three years of Item 20 outlet history and rarely enough SBA loans for a charge-off rate, so its grade rests on less evidence than an established system's. Read its Item 20 tables and talk to its first franchisees before relying on the grade.
Sources, dates and evidence
FDD issued: · Last cited check: · Staleness risk: medium (issued 12 to 24 months ago; a newer filing is likely on file)
Evidence for the headline figures: thin✓ 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 scored4 of 4 headline figures on this page cite a page of the filing.
Overview
Quick verdict · vs Quick-Service Restaurants median
Top edge: green = better than the Quick-Service Restaurants median by more than 10%, red = worse by more than 10%, gray = within 10% or no benchmark. Source: FDD filings + SBA 7(a).
Data from public FDD filings and SBA records. Methodology
Bottom line
- RETURNSNo Item 19 gross sales figure is on file for this brand. We have not established what its FDD discloses.
- GROWTHIn the latest Item 20 year, the number of franchised outlets grew by 3 (3 opened, 0 closed).
AT STAKEOne unit at the Item 7 midpoint: $69K a year in payments on assumed SBA 7(a)-style terms.You put in about $106K of your own cash and personally guarantee a $424K loan. Assumptions are labeled in Sales; not investment advice.See what one unit could make and lose
Things to check before you sign (2)
- The franchisor keeps the right to compete inside your territory (Item 12, territory).
- An owner must run the business personally (Item 15, owner participation). Ask whether a trained manager can ever stand in.
Checked and clear: no auditor doubt that the franchisor can keep operating, no lawsuit naming the franchisor in Item 3, no jury-trial waiver, no supplier rebates to the franchisor and the full filing on file. Not on file here, so ask: unit trend and SBA charge-off rate against the category median.
What to do next
Step 1: Read the FDD itself.
Free: the franchisor must give it to you at least 14 days before you sign or pay. Or look it up in a state registry (Wisconsin, Minnesota, California). What to read first.
Step 2: Talk to current and former owners.
Free: Item 20 of the FDD lists every current owner and those who left last year, most with a phone number. Questions to ask.
Step 3: Talk to an SBA lender.
Free: the SBA's Lender Match. Ask what you would personally guarantee and what the monthly payment would be. If you plan to use retirement savings, ask a CPA about the rules for that first.
Step 4: Have a franchise attorney review the FDD and agreement.
Free: your state bar's lawyer referral service can name franchise lawyers, and many offer a short first consultation. Bring the checks listed above.
Research steps, not investment or legal advice.
Can you afford it, and what does the money buy?
Entry cost (the Item 7 midpoint) is near the Quick-Service Restaurants median ($487K).
Source: FDD 2025 · Items 5–7 (fees and startup costs)
Do you qualify? The filing states no minimum net worth or liquid capital. Ask OTH Franchising LLC (Item 1: 3717 Cherrywood West Loop, Laramie, Wyoming 82070) and your lender what they require, and keep living costs for the first year outside the deal.
Full Item 7 breakdown16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $35K | $35K | |
| Your Training Expenses | $4.66K | $11K | |
| Premises Deposits | $10K | $20K | |
| Professional Design | $8K | $25K | |
| Leasehold Improvements | $20K | $120K | |
| Premises Rent Payments | $8K | $60K | |
| Furniture, Fixtures & Equipment | $16K | $30K | |
| Vehicle | $0 | $16K | |
| Food Truck & Customization | $200K | $275K | |
| Computer Systems | $1.2K | $1.6K | |
| Initial Inventory – Batter, Sauces | $8K | $8K | |
| Initial Inventory – Other | $15K | $20K | |
| Professional Fees | $5K | $15K | |
| Licenses and Permits | $1K | $4K | |
| Insurance | $2.5K | $20K | |
| Additional Funds – 3 months | $25K | $40K | |
| Total initial investment | $359K | $701K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. The total row is the total as printed in Item 7. Actual costs may fall outside this range depending on market and build-out scope.
Item 6 · what you pay once you are open
Ongoing fees
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross revenues |
| Marketing / ad fund | 1.0% |
Technology feeThe filing's detailInternal Systems Fee: currently $40/month, subject to increase. Covers new/improved technology including phone numbers, email addresses, franchise portal, benchmarking platform and other operations/communications systems. | $40/month |
| Transfer fee | $0 |
| Renewal fee | $0 |
| Total fee loadabove the Quick-Service Restaurants median of 7.0% (heavy) | 8.0% of sales |
Items 6 (other fees), 7 (startup costs) and 19 (sales and earnings) · assumptions labeled
What you could make and lose: one unit
What one On the Hook Fish and Chips Food Truck unit would ask of you, from the filing's Item 7 total and labeled assumptions.
How these figures are worked out
- Loan (assumption): 80% of the $530K Item 7 midpoint is a $424K loan, paid over 10 years at 10.5%: $69K a year. SBA 7(a)-style terms on a long-term rate; your lender sets yours.
What you put at risk
Your own cash in: about $106K Assumption (the part the loan does not cover of the $530K Item 7 midpoint), plus whatever anything Item 7 leaves out (its notes say what). The loan is $424K.
Personal guarantee. SBA 7(a) loans require a personal guarantee from anyone who owns 20% or more of the business. If the unit cannot pay, the lender can collect from you personally, which can include your savings and your home. The worst case is losing the cash you put in and still owing the rest of the loan.
Gross sales are not profit, and none of these figures is take-home pay until tax and every operating cost are paid. The assumptions are ours, not the filing's. Not investment advice.
Returns modelOne unit · several units · editable
No Item 19 gross sales figure for On the Hook Fish and Chips Food Truck is on file. The return models need one gross sales figure to start from, plus the operating costs that turn gross sales into a profit. Enter your own and the calculator runs on your assumptions; nothing here is modelled until you do.
Returns model · one unit
What would one On the Hook Fish and Chips Food Truck unit leave you each year after the loan payment?
Not disclosed in Item 19. Enter your own gross sales assumption
Gross sales, not profit: the costs below decide what is left.
No Item 19 figures are on file for this brand. Enter your own costs from a lease quote, a payroll plan and calls with current owners.
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.
Item 7 midpoint of $359K to $701K
Item 7's $30K to $50K additional funds are already in the total
Left after the loan payment · per year
The unit's EBITDA minus the assumed loan payment. Before tax, depreciation and any cost your inputs leave out (insurance, accounting and legal, licenses, technology fees): not take-home pay.
Gross sales are not profit. Neither the filing nor a stated assumption on this page supplies annual revenue, COGS, labor, rent / occupancy and other operating costs. Enter your own (a lease quote, owner calls) and the model runs on it.
Loan of $424K at 10.5% over 10 years, an assumption, not a quote. Return and payback are before tax, depreciation and the costs above. The loan usually needs your personal guarantee.
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 · filed by OTH Franchising LLC
Financial performance
We have not established what this franchisor's Item 19 says. The FDD on file either has no locatable Item 19 or could not be read, so no figure is published here.
Item 19 covers the parent format. The filing's Item 19 groups describe On the Hook Fish and Chips, not this format, so they are printed on the On the Hook Fish and Chips page.
vs Quick-Service Restaurants medians
How On the Hook Fish and Chips Food Truck 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.
System figures: see On the Hook Fish and Chips
System figures: see On the Hook Fish and Chips
Government records
SBA loan data
Matched to this brand from SBA 7(a) and 504 FOIA loan records.
No SBA loan data available for this brand.
What are the risks?
Main risk in the grade: scale. The reasons are below.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Verdict grade + FDD Items 3 (litigation), 4 (bankruptcy), 8 (required suppliers), 16 (what you may sell), 21 (audited financials)
Risk and legal
Grade B: Second tier, 53/100 (category median 51); the full grade is at the top of the page.
How the grade is built
Why a B, factor by factor
- Financial health HelpsAudited financials; no going-concern doubt; franchisor net income positive; early-stage franchisor
- Unit economics NeutralNo Item 19 sales figure to set against the investment, so neutral
- Unit growth NeutralTurnover 0.0%
- Scale Weighs on it, weakest dimensionFranchising since 2024
- Legal HelpsNo litigation naming the franchisor in Item 3
- Transparency HelpsItem 19 status not confirmed (neither credit nor penalty); audited financials
- Adjustments after the six dimensions (+1 point)Rounding: the score is kept as a whole number, which moved it by 1 point.
From the six scored dimensions, an editorial assessment, not investment advice. How the score is built
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Renisha Lane, CPA PLLC
Franchisor revenue (Item 21)
The revenue figures are in the Franchisor tab, under The franchisor.
Franchisor entity revenue (not unit-level)
Total Income for period ended December 31, 2024 (company formed January 17, 2024; only one audited period available). Comprises Franchise Income $81,125, Franchise Royalties $145,111, Brand Marketing Income $20,728.
Supplier relationship · Items 8 & 16
Ask what the franchisor earns on the supplies it sells you or the rebates it takes (Item 8).
- Franchisor sells you products: Yes
- Franchisor takes supplier rebates: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
System figures: see On the Hook Fish and Chips
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before your own operating costs.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12 (territory), 15 (owner participation) and 17 (renewal, termination and disputes)
Contract and territory detail
| Allowed renewals | 2 |
|---|---|
| Protected territory | Yes |
| Exclusive territory | Yes |
| Territory population | 125,000 |
| Franchisor can compete | Yes |
| Who runs it (Item 15) | Owner must run it |
| Non-compete (years) | 2 years |
| Non-compete (miles) | 25 mi |
| Right of first refusal | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 5 days |
| Mandatory arbitration | Yes |
| Arbitration location | Wyoming |
| Jury trial waiver | No |
| Governing law | WY |
Items 10 (financing), 11 (training and support)
Training and operations
- On-the-job training
- 97 hrs
- Ongoing training
- Required
- Site selection
- Franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Square
- Operating tech stack
Items 5 (initial fees) & 11 (training and support)
Franchisor support
Franchisee contacts
We hold no owner list for this brand. Item 20 of the FDD lists the current and former owners; the free FDD is the source.
Frequently asked questions
How much does it cost to open a On the Hook Fish and Chips Food Truck franchise?
Per the 2025 FDD, the total investment to open a On the Hook Fish and Chips Food Truck franchise ranges from $359K to $701K, with an initial franchise fee of $35K. This is the Item 7 total in the Franchise Disclosure Document (FDD): the startup costs the franchisor lists, such as build-out, equipment, inventory and working capital. It usually leaves out buying land or a building; Item 7's notes say what is excluded.
What do On the Hook Fish and Chips Food Truck franchise owners earn?
No average owner earnings figure for On the Hook Fish and Chips Food Truck is on file. Item 19, where a franchisor may disclose what its outlets earn, is voluntary under the FTC Franchise Rule, and we have not established what this brand's FDD says. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns On the Hook Fish and Chips Food Truck?
On the Hook Fish and Chips Food Truck is franchised by OTH Franchising LLC. Its parent company is Ocean 5 Enterprises, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the On the Hook Fish and Chips Food Truck 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 On the Hook Fish and Chips Food Truck FDD and qualifies whose outlets they describe.
What is On the Hook Fish and Chips Food Truck's franchise failure rate?
There is no published franchise failure rate, and On the Hook Fish and Chips Food Truck has too few resolved SBA 7(a) loans on file (fewer than 10) to show an SBA charge-off rate that would mean anything. The SBA charge-off rate is the share of a brand's resolved SBA 7(a) loans to its franchisees that the SBA wrote off, including purchased guarantees. Resolved means paid in full or charged off; active loans are excluded because their outcome is not yet known. It is a lending outcome, not a count of closed businesses. Review the turnover and closure figures in Item 20 of the FDD and speak with current and former franchisees.
Is On the Hook Fish and Chips Food Truck a good franchise to buy?
FranchiseVerdict gives On the Hook Fish and Chips Food Truck a B Verdict grade (Second tier) with a verdict score of 53 out of 100 (higher is better), an editorial assessment, not investment advice. Helped by financial health (audited financials), legal record and transparency. Held back by scale (franchising since 2024). The “Why a B” section on this page lists all six dimensions and any adjustment. Speak with current franchisees before making any investment decision.
Other Quick-Service Restaurants franchises
Similar investment first, then by grade
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.