FranchiseVerdict
Punjabi Chaap Corner logo
FV-02060·MODERATEExcellent81

Punjabi Chaap Corner

Food & Beverage - Full ServiceFranchising since 2023Website
Investment
$421K – $653K
56th pct Full Service
Avg revenue
57th pct Full Service
Royalty
6.0%
54th pct Full Service
Units
2
11th pct Full Service
SBA default

Bottom line

  • Total investment $421K – $653K including a $50K franchise fee, 6.0% 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.
  • 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

Legal entity
PUNJABI CHAAP INC.
Incorporated in
Wyoming
HQ
1603 Capitol Avenue, Suite 413 C1097, Cheyenne, Wyoming, 82001
Auditor
DA Advisory Group PLLC
Audited financials
Franchisor revenue
$43K
vs $273K prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Punjabi Chaap Corner 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: $421K–$653K
Working capital
$
FDD reports $30K–$60K

Unlevered ROIC · per unit

19%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$113K
EBITDA margin
15.0%
Total invested
$582K
Payback
62 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

Punjabi Chaap Corner franchisees operate quick-service Indian/Punjabi restaurants specializing in grilled meat dishes (chaap). Day-to-day operations include food preparation, inventory management, customer service, and maintaining branded restaurant standards across a protected territory.

CEO
Anmol Mahajan
Founded
2023
FDD year
2025
States available
2

Item 7 · what it costs

The Vitals

Total investment
$421K – $653K
All-in to open one unit
Liquid capital
$30K – $60K
Cash you must have on hand
Franchise fee
$50K
Royalty
6.0%
Gross Revenue · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
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
2
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
2023
2+2
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 · 18 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 · 18 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.

No SBA loan data available for this brand.

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

Risk & Legal

65
Risk · 0-100
MODERATE65 / 100

Ultra-early stage franchise with minimal operating units, zero financial transparency, and unproven business model makes this a speculative, high-risk investment suitable only for investors comfortable with startup-level uncertainty.

Score breakdown · what drove the 65 / 100 rating

  1. 01MEDOnly 2 units in system indicates extremely limited operating history and no meaningful growth trajectory to validate
  2. 02MEDNo Item 19 financial performance representations (revenue/net income) disclosed — impossible to assess ROI on $421k-$653k investment
  3. 03MINORHigh initial investment ($50k franchise fee + $421k-$653k total) with unproven unit economics and no earnings data
  4. 04MINOR5-year term is shorter than industry standard (10 years typical), limiting franchisee recoupment window
  5. 05MINORMicro-franchise system (2 units) presents survivability risk — franchisor may lack infrastructure, support systems, and financial stability

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Varies by individual basis (population/demographics)
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
0
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
Wyoming

Item 11

Training & Operations

Classroom training
28 hrs
On-the-job training
282 hrs
POS system
Lightspeed 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

20 numbers

Locked
(360) 902-••••
WA
(317) 232-••••
IN
(410) 576-••••
MD

One-time purchase · CSV download · Validation questions included

FDD download

Punjabi Chaap Corner · FDD (2025) PDF

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