Surfin' Chicken
Bottom line
- Total investment $58K – $522K including a $30K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 69/100.
- 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
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 Surfin' Chicken unit return on the cash you put in?
Unlevered ROIC · per unit
35%
In Yale's "attractive" band (30–60%)
Overview
About
Franchisees operate casual quick-service restaurant locations serving chicken-focused menu items (likely seafood/coastal themed based on brand). Day-to-day operations include food preparation, staff management, inventory control, customer service, and marketing within their local market.
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 · 5 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
Surfin' Chicken presents caution-level risk due to micro-scale operations (5 units), absent financial disclosure, unprotected territories, and unclear growth trajectory—typical of early-stage concepts with unproven unit economics.
Score breakdown · what drove the 69 / 100 rating
- 01MEDOnly 5 units system-wide indicates extremely limited scale and unproven model replicability
- 02MEDNo average revenue or net income disclosure (missing Item 19) prevents ROI assessment and suggests weak performance data
- 03MINORZero territory protection creates direct competition risk from other franchisees and company-owned locations
- 04MINORWide investment range ($57.6K–$522.3K) suggests inconsistent unit economics or poorly defined requirements
- 05MED5–8% royalty range is high-end for QSR without disclosed profitability benchmarks to justify it
- 06MINORUnknown unit growth trajectory over franchise term raises sustainability questions for such a small system
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
5 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Surfin' Chicken · FDD (2022) PDF