Tikka Shack / Masala WokFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Tikka Shack / Masala Wok franchise requires a total initial investment of $499K – $722K, including a $40K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $1.1M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $499K – $722K
- 33rd pct Service Resta…
- Avg gross sales
- $1.1M
- 11th pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 23
- 28th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- Total investment $499K – $722K including a $40K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.1M/year (median $1.0M).
- Verdict A (Top Quintile) with a risk score of 30/100.
- System growing at 70.0% CAGR over 3 years with 23 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- TikkaShack, LLC
- Parent company
- Masalawok Holdings, GP
- Incorporated in
- TX
- HQ
- 8404 Preston Road, Suite 230, Plano, Texas 75024
- Auditor
- Malnory, McNeal & COMPANY, PC
- Audited financials
- Franchisor revenue
- $312K
- vs $375K prior year
Affiliated brands
- Masalawok Franchise L
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Franchisees operate fast-casual Indian and Asian fusion restaurants (Tikka Shack and Masala Wok brands), managing front-of-house service, food prep execution, inventory, staff scheduling, and local marketing. Day-to-day involves order fulfillment, food quality control, vendor management, and driving foot traffic in protected territories while remitting 6% of gross sales to the franchisor.
- CEO
- Pramod Prodduturi
- Headquarters
- TX
- Founded
- 2015
- FDD year
- 2025
- States available
- 6
FDD Item 7 · 2025 filing · 13 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $40K | $40K | |
| Rent and Security and Utility Deposits | $8K | $10K | |
| Leasehold Improvements | $200K | $350K | |
| Furniture, Fixtures, and Equipment | $175K | $225K | |
| Liquor License and Other Business Licenses and Permits | $3K | $5K | |
| Initial Training Costs | $5K | $10K | |
| Opening Assistance Expenses | $5K | $10K | |
| POS Computer Hardware and Software | $3K | $5K | |
| Initial Inventory/Supplies | $8K | $10K | |
| Professional Services | $2K | $3K | |
| Grand Opening Promotional Expenses | $10K | $12K | |
| Insurance | $2K | $2K | |
| Additional Funds for three months | $40K | $40K | |
| Total initial investment | $499K | $722K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$108K
10.0% margin
Unlevered ROIC
17%
EBITDA / total invested capital
Payback
6.0 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $499K – $722K
- Better than avg vs category
- Liquid capital req'd
- $40K – $40K
- Better than avg vs category
- Franchise fee
- $40K – $40K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $1.1M
- Per unit, per year
- Median gross sales
- $1.0M
- Item 19 type
- gross_sales
- Sample size
- 9 units
- vs category median 13
- Range (low → high)
- $654K→$1.5M
- Cohort dispersion (min → max)
- Quartile band
- $654K→$1.4M
- Bottom 25% → top 25%
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Tikka Shack / Masala Wok Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 23
- Opened
- 6
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 74%
- vs corporate-owned
- Net growth (yr3)
- +54.5%
- Net unit change last year
- 3-yr CAGR
- +70.0%
- Compounded over last 3 years
3-year detail · Item 20
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 6 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Washington
States where the franchisor is registered to sell new franchises (FDD registration filings).
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 8 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 8
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Rapid unit expansion in a young system with undisclosed profitability, concerning Going Concern status, and missing financial transparency data presents material risk despite healthy average revenue figures.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $40,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Malnory, McNeal & COMPANY, PC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 30 / 100 rating
- 01MEDNo Item 19 (Average Unit Volume) disclosed despite $1.08M average revenue claim — cannot verify profitability or validate ROI claims
- 02HIGHGoing Concern status is FALSE — indicates potential financial instability at franchisor level, raising questions about support, marketing, and system sustainability
- 03MINORExplosive 54.5% YoY unit growth (9 units added to 23-unit system) may indicate unsustainable recruitment over profitability; typical mature franchises grow 10-15% annually
- 04MEDHigh investment range ($498.5K–$721.5K) paired with undisclosed net income creates opacity on break-even timeline and actual ROI
- 05HIGHNo litigation disclosed is neutral but combined with Going Concern status suggests either poor disclosure or genuine operational distress
- 06MINOR6% royalty is reasonable but becomes problematic if franchisees cannot achieve $1.08M in revenue consistently across the growing system
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 3 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 99 hrs
- Training location
- On-site and corporate
- POS system
- Square
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Square
Item 20 · call current owners
Franchisee Contacts
11 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Tikka Shack / Masala Wok · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Tikka Shack / Masala Wok franchise?
The total investment to open a Tikka Shack / Masala Wok franchise ranges from $499K – $722K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Tikka Shack / Masala Wok franchise owners earn?
According to Item 19 of the Tikka Shack / Masala Wok FDD, the average gross sales per unit is $1.1M. The median is $1.0M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Tikka Shack / Masala Wok's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Tikka Shack / Masala Wok (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.
How many Tikka Shack / Masala Wok franchise locations are there?
As of their most recent FDD filing, Tikka Shack / Masala Wok has 23 total units in the United States, including 10 franchised units and 6 company-owned units. 6 new units were opened in the latest reporting year.
Is Tikka Shack / Masala Wok a good franchise to buy?
FranchiseVerdict rates Tikka Shack / Masala Wok as a A-grade franchise with a risk score of 30 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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.
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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.