Peri Peri Original or Kallisto Steakhouse Franchise Cost, Revenue & Review 2026
- Investment
- $242K – $737K
- Disclosed sales
- not extracted
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Peri Peri Original / Kallisto Steakhouse is a casual-dining franchise serving flame-grilled peri-peri chicken and steakhouse fare. Franchisees run the restaurants, managing the kitchen, service, and staffing.
FranchiseVerdict summary · 2026
A Peri Peri Original or Kallisto Steakhouse franchise requires a total initial investment of $242K – $737K and an ongoing 6.0% royalty[2]. The 2025 FDD on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Limited operating history: franchising since 2025. 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. Other new franchisors
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months
Evidence: partial✓ 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 scored2 of 4 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $242K – $737K
- 10th pct Service Resta…
- Avg gross sales
- N/A
- 0 outlets
- Royalty
- 6.0%
- 25th pct Service Resta…
- Units
- 0
- 0th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Full-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 $242K – $737K, 6.0% ongoing royalty.
- RETURNSNo Item 19 revenue figure is on file for this brand. We have not established what its FDD discloses.
- RISKVerdict D (Below average), verdict score 34/100 (higher is better).
- GROWTHFlat: no net change in franchised outlets in the latest year (0 opened, 0 closed) (Item 20).
- DATANo Item 19 revenue figure is on file. We have not established what this brand's FDD discloses, so unit economics will have to come from existing franchisees (Item 20 lists them).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- PPO Franchising Corp.
- CEO title
- CEO
- Muhammad Abbasi
- Incorporated in
- VA
- HQ
- 24876 Helms Terrace, Aldie, VA 20105
- Auditor
- Smith, Buzzi & Associates, LLC
- Audited financials
Affiliated brands
- Crunchy Bite
- Original DMV
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Muhammad Abbasi
- Headquarters
- VA
- Founded
- 2024
- FDD year
- 2025
- States available
- 2
Can you afford it, and what does the money buy?
Entry cost runs 28% below the typical full-service restaurants franchise.
Source: FDD 2025 · Items 5–7
The filing does not state an initial franchise fee.
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Equipment, build-out, other | $242K | $737K |
| Total initial investment | $242K | $737K |
Source: Peri Peri Original or Kallisto Steakhouse 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $242K – $737K
- Top 40% of category vs category
- Liquid capital req'd
- N/A
- Cash you must have on hand
- Franchise fee
- N/A
- Fee not disclosed
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 7.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.5% of gross sales |
| Technology fee | $50 |
| Training fee | $500 |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Total fee load | 7.5% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for Peri Peri Original or Kallisto Steakhouse is on file. 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 Peri Peri Original or Kallisto Steakhouse 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, other operating costs and working capital, 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
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.
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 7.5% (near the Full-Service Restaurants median).
Disclosure
No Item 19 revenue figure is on file, and we have not established what this brand's FDD discloses. Item 20 lists current and former franchisees, the usual source for unit economics.
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 Full-Service Restaurants medians
How Peri Peri Original or Kallisto Steakhouse Compares
Category median of published Full-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
- 0
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Company-owned
- 0
- Corporate units in the system
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 0
- Item 20 Table 5
- Projected new
- 2
- Franchisor's next-year forecast
- Continuity rate
- 85.7%
- Units that stayed open
- Termination rate
- 25.0%
- Franchisor-initiated terminations
- Ceased ops
- 50.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 2 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
2
states with franchisees (per FDD Item 12)
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
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.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
Three administrative proceedings: (1) MD Securities Commissioner Case 2024-0475 against affiliates Original DMV Inc. and Crunchy Bite LLC for failing to comply with MD Franchise Laws; consent order Oct 29, 2025, civil penalty $5,000; (2) MD Securities Commissioner Case 2024-0476 against affiliates Crunchy Bite, Original DMV, and Nash & Smash; consent order Apr 2, 2025, civil penalty $1,500; (3) Virginia SCC Sec-2025-00008 against affiliates for failing to comply with VA Retail Franchising Act; settlement order Apr 20, 2025, civil penalty $5,000.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Smith, Buzzi & Associates, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Audited financial statements consist solely of an opening/startup balance sheet as of January 11, 2025 (PPO Franchising Corp., a Virginia corporation formed November 2024). No income statement or statement of operations is included, so there is no reported revenue or net income. Total assets $50,000 (cash); total liabilities $0; total stockholders' equity $50,000 (common stock $100, paid-in capital $49,900, retained earnings $0). Auditor: Smith, Buzzi & Associates, LLC (Miami, FL); opinion dated January 14, 2025.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 34 / 100 verdict
- 01MINORZero operating units with unknown growth trajectory — no proven system, no reference franchisees, impossible to validate concept
- 02MEDHistory 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
- 03MEDHigh investment range ($242K–$737K) with no disclosed average revenue or net income — impossible to calculate ROI or payback period
- 04MED6% royalty on undisclosed revenue streams creates hidden cost structure; franchisees cannot model profitability
- 05HIGHLitigation 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
What are you signing up for?
Ongoing fees run about 7.5% 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 | 10 years |
| Territory type | Exclusive territory |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 3 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Arbitration location | Virginia (near franchisor headquarters in Aldie, VA) |
| Jury trial waiver | Yes |
| Governing law | VA |
| Litigation count | 3 |
View Item 3 litigation summary
Three administrative proceedings: (1) MD Securities Commissioner Case 2024-0475 against affiliates Original DMV Inc. and Crunchy Bite LLC for failing to comply with MD Franchise Laws; consent order Oct 29, 2025, civil penalty $5,000; (2) MD Securities Commissioner Case 2024-0476 against affiliates Crunchy Bite, Original DMV, and Nash & Smash; consent order Apr 2, 2025, civil penalty $1,500; (3) Virginia SCC Sec-2025-00008 against affiliates for failing to comply with VA Retail Franchising Act; settlement order Apr 20, 2025, civil penalty $5,000.
Items 10, 11
Training & Operations
- Classroom training
- 6 hrs
- On-the-job training
- 34 hrs
- Training location
- Affiliate outlet in Herndon, VA or other designated franchise training center
- Ongoing training
- Required
- Time to open
- 7 mo
- From signing to launch
- Franchisor financing
- Not offered
- Item 10
- POS system
- Clover POS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Clover POS
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Peri Peri Original or Kallisto Steakhouse franchise?
The total investment to open a Peri Peri Original or Kallisto Steakhouse franchise ranges from $242K – $737K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Peri Peri Original or Kallisto Steakhouse franchise owners earn?
No average owner earnings figure for Peri Peri Original or Kallisto Steakhouse 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 Peri Peri Original or Kallisto Steakhouse?
Peri Peri Original or Kallisto Steakhouse is franchised by PPO Franchising Corp.. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Peri Peri Original or Kallisto Steakhouse 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 Peri Peri Original or Kallisto Steakhouse FDD and qualifies whose outlets they describe.
What is Peri Peri Original or Kallisto Steakhouse's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Peri Peri Original or Kallisto Steakhouse (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.
Is Peri Peri Original or Kallisto Steakhouse a good franchise to buy?
FranchiseVerdict rates Peri Peri Original or Kallisto Steakhouse as a D-grade franchise with a verdict score of 34 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
Are you the franchisor?
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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.