FranchiseVerdict
The Port of Peri Peri logo
FV-02694·MODERATEExcellent86

The Port of Peri Peri

Food & Beverage - Full ServiceFranchising since 2019Website
Investment
$127K – $500K
9th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
22
55th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $127K – $500K including a $35K franchise fee, 5.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 62/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
  • System growing at 33.3% CAGR over 3 years with 22 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Peri Peri Holdings LLC
Parent company
Iqbal LTD Co.
Incorporated in
Delaware
HQ
100 East Roosevelt Road, Villa Park, Illinois 60181
Auditor
Schultz & Chez, L.L.P.
Audited financials
Franchisor revenue
$1.0M
vs $1.3M prior 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 The Port of Peri Peri 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: $127K–$500K
Working capital
$
FDD reports $24K–$35K

Unlevered ROIC · per unit

31%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$105K
EBITDA margin
14.0%
Total invested
$343K
Payback
39 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 fast-casual peri-peri chicken restaurants, managing food preparation, customer service, and daily operations in protected territories. The business model centers on flame-grilled or saucy peri-peri chicken with sides and beverages, competing in the QSR casual-dining segment.

CEO
Syed Naveed Pasha
Founded
2019
FDD year
2025
States available
11

Item 7 · what it costs

The Vitals

Total investment
$127K – $500K
All-in to open one unit
Liquid capital
$24K – $35K
Cash you must have on hand
Franchise fee
$35K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
4.0%
typical 3–5%
Total fee load
9.0%
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
22
Opened
4
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
2
Corporate units in the system
% franchised
91%
vs corporate-owned
Net growth (yr3)
+25.0%
Net unit change last year
3-yr CAGR
+33.3%
Compounded over last 3 years
2023
20+4
Franchised units
2024
16
Franchised units
2025
15
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 7 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 · 7 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
2
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

62
Risk · 0-100
MODERATE62 / 100

This franchise presents meaningful risks due to franchisor going concern issues, prior litigation involving fraud allegations, complete absence of unit economics disclosure, and insufficient scale to validate growth claims.

Score breakdown · what drove the 62 / 100 rating

  1. 01HIGHGoing Concern status is FALSE — indicates potential financial instability at franchisor level
  2. 02HIGHLitigation history: Fraud and breach of contract allegations settled for $67,000 in 2020 — suggests operational or disclosure issues
  3. 03MEDAverage Revenue and Net Income not disclosed in FDD Item 19 — impossible to validate ROI or unit economics
  4. 04MEDHigh investment range ($127,400–$500,000) with no disclosed profitability data creates severe due diligence gap
  5. 05MINOR25% YoY unit growth appears strong but based on only 22 units — small absolute growth (5–6 units) in micro-chain may not be sustainable
  6. 06MED5% royalty on undisclosed revenue — cannot assess cash flow impact for franchisees

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
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Illinois

Item 11

Training & Operations

Classroom training
10 hrs
On-the-job training
47 hrs
POS system
Clover POS
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

21 numbers

Locked
(469) 372-••••
TX
(213) 576-••••
CA
(630) 854-••••
IL

One-time purchase · CSV download · Validation questions included

FDD download

The Port of Peri Peri · FDD (2025) PDF

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