FranchiseVerdict
Peri Peri Original or Kallisto Steakhouse logo
FV-01920·CAUTIONStandard76

Peri Peri Original or Kallisto Steakhouse

Formerly known as Preferred Provider Organization

Food & Beverage - Full ServiceFranchising since 2025Website
Investment
$242K – $737K
25th pct Full Service
Avg revenue
57th pct Full Service
Royalty
6.0%
54th pct Full Service
Units
0
0th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $242K – $737K including a $30K franchise fee, 6.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 75/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
  • 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

Legal entity
PPO Franchising Corp.
Incorporated in
Virginia
HQ
24876 Helms Terrace, Aldie, VA 20105
Auditor
Smith, Buzzi & Associates, LLC
Audited financials
Franchisor revenue
$0
Most recent fiscal year

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 Peri Peri Original or Kallisto Steakhouse unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $242K–$737K
Working capital
$
Item 7 didn't break this out — defaulted to ~10% of annual revenue

Unlevered ROIC · per unit

21%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$116K
EBITDA margin
15.5%
Total invested
$565K
Payback
58 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Franchisees operate casual dining restaurants serving peri-peri chicken or steakhouse fare, managing daily kitchen operations, inventory, staffing, POS systems, and customer service across a single location within a protected territory.

CEO
Muhammad Abbasi
Founded
2024
FDD year
2025
States available
0

Item 7 · what it costs

The Vitals

Total investment
$242K – $737K
All-in to open one unit
Liquid capital
Cash you must have on hand
Franchise fee
$30K
Royalty
6.0%
Gross Revenues · typical 6–8%
Ad fund
1.5%
typical 3–5%
Total fee load
7.5%
vs 9–13% typical

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

Total units
0
Opened
0
Last reporting year
Closed
0
Company-owned
0
Corporate units in the system
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 16 states
Not registered

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.

Total loans
4
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

75
Risk · 0-100
CAUTION75 / 100

Zero-unit franchise with regulatory violations, going concern status, and zero financial transparency presents extreme risk of system collapse, franchisor insolvency, or failed restaurant concept with no operational track record.

Score breakdown · what drove the 75 / 100 rating

  1. 01HIGHGoing concern status is FALSE — indicates the franchisor may be financially unstable or operationally at risk
  2. 02MINORZero operating units with unknown growth trajectory — no proven system, no reference franchisees, impossible to validate concept
  3. 03MEDHistory of regulatory violations across multiple affiliate entities (Maryland Securities Commissioner and Virginia State Corporation Commission) for unlicensed franchise offerings and failure to register — suggests compliance culture issues
  4. 04MEDHigh investment range ($242K–$737K) with no disclosed average revenue or net income — impossible to calculate ROI or payback period
  5. 05MED6% royalty on undisclosed revenue streams creates hidden cost structure; franchisees cannot model profitability
  6. 06HIGHLitigation settlement orders required rescission offers, indicating prior franchisees/licensees may have had grounds to exit — questions about viability of existing model

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
3
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Virginia

Item 11

Training & Operations

Classroom training
6 hrs
On-the-job training
34 hrs
POS system
Clover POS System
Operating tech stack

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

16 numbers

Locked
(402) 471-••••
NE
(213) 576-••••
CA
(701) 328-••••
ND

One-time purchase · CSV download · Validation questions included

FDD download

Peri Peri Original or Kallisto Steakhouse · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above