FranchiseVerdict
TKK Fried Chicken logo
FV-02752·MODERATEStandard76

TKK Fried Chicken

Food & Beverage - Quick ServiceFranchising since 2018Website
Investment
$192K – $698K
33rd pct Quick Service
Avg revenue
60th pct Quick Service
Royalty
5.0%
14th pct Quick Service
Units
29
49th pct Quick Service
SBA default

Bottom line

  • Total investment $192K – $698K including a $38K 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.
  • System growing at 50.0% CAGR over 3 years with 29 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
TKK Franchising LLC
Parent company
TKK USA Inc.
Incorporated in
New York
HQ
589 8th Ave., 17th Floor, New York, NY 10018
Auditor
PKF O'CONNOR DAVIES LLP
Audited financials
Franchisor revenue
$224K
vs $282K 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 TKK Fried Chicken 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: qsr
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $192K–$698K
Working capital
$
FDD reports $10K–$40K

Unlevered ROIC · per unit

24%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$113K
EBITDA margin
15.0%
Total invested
$470K
Payback
50 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 quick-service fried chicken restaurants, managing food preparation, customer service, inventory, and staffing. Daily operations include managing a kitchen team to prepare chicken products, handling point-of-sale transactions, maintaining food safety standards, and driving local marketing to build customer traffic in their protected territory.

CEO
Andrew Lee
Founded
2018
FDD year
2025
States available
16

Item 7 · what it costs

The Vitals

Total investment
$192K – $698K
All-in to open one unit
Liquid capital
$10K – $40K
Cash you must have on hand
Franchise fee
$38K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
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
29
Opened
7
Last reporting year
Closed
4
Turnover rate
13.8%
Company-owned
2
Corporate units in the system
% franchised
93%
vs corporate-owned
Net growth (yr3)
+12.5%
Net unit change last year
3-yr CAGR
+50.0%
Compounded over last 3 years
2023
27+3
Franchised units
2024
24
Franchised units
2025
18
Franchised units

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

Item 20 · 21 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 · 21 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

62
Risk · 0-100
MODERATE62 / 100

TKK Fried Chicken presents elevated risk due to franchisor financial concerns, complete absence of performance data disclosure, small system size, and unclear unit economics across a wide investment range.

Score breakdown · what drove the 62 / 100 rating

  1. 01HIGHGoing Concern status is FALSE — indicates potential financial distress or structural issues with franchisor
  2. 02MEDAverage revenue and net income not disclosed — impossible to validate ROI on $192k-$698k investment
  3. 03MEDSmall unit count (29 locations) with modest 12.5% YoY growth — limited scale and unclear market validation
  4. 04MINORWide investment range ($506k spread) suggests inconsistent unit economics or undefined build-out standards
  5. 05MINORNo Item 19 (Financial Performance Representations) — franchisees cannot benchmark expected returns
  6. 06MINORHigh initial franchise fee ($37,500) relative to total unit count suggests heavy reliance on recruitment over unit profitability

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
0
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
New York

Item 11

Training & Operations

Classroom training
0 hrs
On-the-job training
80 hrs
POS system
Revel
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

43 numbers

Locked
(805) 218-••••
CA
(443) 630-••••
MD
(212) 416-••••
NY

One-time purchase · CSV download · Validation questions included

FDD download

TKK Fried Chicken · FDD (2025) PDF

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