Tribos Peri Peri Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Tribos Peri Peri is a fast-casual franchise serving flame-grilled peri-peri chicken and Portuguese-inspired dishes. Franchisees run the restaurants, managing food prep, staffing, and counter service.
FranchiseVerdict summary · 2026
A Tribos Peri Peri franchise requires a total initial investment of $301K – $733K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $301K – $733K
- 49th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 6.0%
- 46th pct Service Resta…
- Units
- 8
- 33rd pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $301K – $733K including a $35K franchise fee, 6.0% ongoing royalty.
- RETURNSNo Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- RISKVerdict C (Average), verdict score 39/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- TPP Express, LLC
- CEO title
- Managing Member
- Mohammad Jafar Ismail
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- New Jersey
- HQ
- 156 Ames Avenue, Leonia, NJ 07605
- Auditor
- Muhammad Zubairy, CPA PC
- Audited financials
- Franchisor revenue
- $220K
- vs $291K prior year
Overview
About
- CEO
- Mohammad Jafar Ismail
- Founded
- 2019
- FDD year
- 2025
- States available
- 4
Can you afford it, and what does the money buy?
Entry cost runs 21% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $50K | $75K |
| Equipment, build-out, other | $216K | $623K |
| Total initial investment | $301K | $733K |
Source: Tribos Peri Peri 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $301K – $733K
- Middle of category vs category
- Liquid capital req'd
- $50K – $75K
- Bottom third — review vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 6.0%
- Weekly · typical 6–8%
- Ad fund
- -n/d
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Training fee | $200 |
| Transfer fee | $10K |
| Total fee load | 6.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Tribos Peri Peri did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Tribos Peri Peri unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
17%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Tribos Peri Peri Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 8
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 12.5%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 3
- Franchisor's next-year forecast
- Termination rate
- 12.5%
- Franchisor-initiated terminations
- Ceased ops
- 25.0%
- Units that stopped operating
Last reporting year only, multi-year history not disclosed in this brand's FDD.
Item 20 · 8 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.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $250K
- Median loan
- $250K
- 50th percentile
- Charge-off rate
- N/A
- limited sample (1 loan) — rate not shown below 10
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
- 1
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Very small restaurant system (6 units) with negative franchisor net worth (-$4,520) and financial_distress flagged, plus 2 litigation matters — a meaningful count for a 6-unit brand. Net income is barely positive ($2,731) on $290,829 revenue; no bankruptcy or going-concern, audited, no Item 19.
Litigation (Item 3)
Case 1 (Pending): Kunal Sethi v. Mohammed Jafar Ismail and Lubna Ismail - Arbitration filed February 9, 2024 before American Arbitration Association. Claims include breach of partnership agreement, breach of fiduciary duties, breach of covenant of good faith and fair dealing, unjust enrichment, and minority shareholder oppression. Plaintiff seeks $1,200,000+ in damages. Arbitration scheduled for February 10, 2025. Defendants deny allegations and filed counterclaim seeking $75,966.36. Case 2 (Concluded): Mohammad Jafar Ismail and Lubna Ismail v. Dabeeruddin Khaja, Sangmesh Jabshetty, Sajir A. Mir, and Fozia Mir - Arbitration filed November 17, 2022. Claims involved dissolution, fraud, conversion, breach of contract, breach of fiduciary duty, tortious interference, and unjust enrichment related to AAJL LLC membership. Arbitration hearing May-June 2023. Arbitrator ruled July 17, 2023 that both parties breached duties under Operating Agreement due to unilateral actions and conflicts of interest. Remedy offered buyout option or dissolution (dissolution ongoing).
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Muhammad Zubairy, CPA PC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 39 / 100 verdict
- 01MINORNegative franchisor net worth -$4,520; financial_distress = true
- 02HIGH2 litigation matters against a tiny 6-unit system
- 03MINORThin revenue $290,829, near-zero net income $2,731
- 04MINORNo Item 19 disclosure
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius or population |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 5 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Leonia, New Jersey |
| Jury trial waiver | Yes |
| Governing law | New Jersey |
| Litigation count | 2 |
View Item 3 litigation summary
Case 1 (Pending): Kunal Sethi v. Mohammed Jafar Ismail and Lubna Ismail - Arbitration filed February 9, 2024 before American Arbitration Association. Claims include breach of partnership agreement, breach of fiduciary duties, breach of covenant of good faith and fair dealing, unjust enrichment, and minority shareholder oppression. Plaintiff seeks $1,200,000+ in damages. Arbitration scheduled for February 10, 2025. Defendants deny allegations and filed counterclaim seeking $75,966.36. Case 2 (Concluded): Mohammad Jafar Ismail and Lubna Ismail v. Dabeeruddin Khaja, Sangmesh Jabshetty, Sajir A. Mir, and Fozia Mir - Arbitration filed November 17, 2022. Claims involved dissolution, fraud, conversion, breach of contract, breach of fiduciary duty, tortious interference, and unjust enrichment related to AAJL LLC membership. Arbitration hearing May-June 2023. Arbitrator ruled July 17, 2023 that both parties breached duties under Operating Agreement due to unilateral actions and conflicts of interest. Remedy offered buyout option or dissolution (dissolution ongoing).
Items 10, 11
Training & Operations
- Classroom training
- 55 hrs
- On-the-job training
- 34 hrs
- Training location
- On-site at franchisee's restaurant
- Ongoing training
- Required
- Time to open
- 8 mo
- From signing to launch
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
12 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Tribos Peri Peri · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Tribos Peri Peri franchise?
The total investment to open a Tribos Peri Peri franchise ranges from $301K – $733K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Tribos Peri Peri franchise owners earn?
Tribos Peri Peri does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Tribos Peri Peri FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Tribos Peri Peri FDD and qualifies whose outlets they describe.
What is Tribos Peri Peri's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Tribos Peri Peri (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 Tribos Peri Peri franchise locations are there?
As of their most recent FDD filing, Tribos Peri Peri has 8 total units in the United States, including 6 franchised units and 2 company-owned units.
Is Tribos Peri Peri a good franchise to buy?
FranchiseVerdict rates Tribos Peri Peri as a C-grade franchise with a verdict score of 39 out of 100 (higher is better), 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.
For franchisors
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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.