Two Hands Corn Dogs Franchise Cost, Revenue & Review 2026
- Investment
- $231K – $453K
- Disclosed sales
- not disclosed
- SBA charge-off
- Under 10 loans (3)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Two Hands Corn Dogs is a quick-service franchise serving Korean-style corn dogs and street-food snacks. Franchisees run compact retail shops, handling made-to-order frying, service, and takeout in high-traffic locations.
FranchiseVerdict summary · 2026
A Two Hands Corn Dogs franchise requires a total initial investment of $231K – $453K, including a $35K franchise fee and an ongoing 5.0% royalty[2]. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: high - issued more than two years ago
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored5 of 5 headline figures on this page cite a page of the filing.
Overview
- Investment
- $231K – $453K
- 32nd pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 5.0%
- 12th pct Service Resta…
- Units
- 69
- 71st 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 median · 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 $231K – $453K including a $35K franchise fee, 5.0% ongoing royalty.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict A (Strongest tier), verdict score 71/100 (higher is better).
- GROWTHPositive: net +22 franchised outlets in the latest year (23 opened, 1 closed) (Item 20).
- GROWTHSystem growing at 313.3% CAGR over 3 years with 69 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Two Hands America, Inc.
- Parent company
- OFD America, LLC (affiliate via acquisition; Old Ferry Donut)
- FDD Item 1, page 7 of the 2024 FDD
- CEO title
- CEO and Director
- Donghun Yoo
- Incorporated in
- CA
- HQ
- 3483 Satellite Blvd., Suite 302S, Duluth, GA 30096
- Auditor
- JNK Accountancy Group, LLP
- Audited financials
- Franchisor revenue
- $5.7M
- Most recent fiscal year
Overview
About
- CEO
- Donghun Yoo
- Headquarters
- GA
- Founded
- 2019
- FDD year
- 2024
- States available
- 17
Can you afford it, and what does the money buy?
Entry cost runs 30% below the typical quick-service restaurants franchise.
Source: FDD 2024 · Items 5–7
The filing's Item 7 TOTAL row prints $230,500 to $453,000. Its own line items add to $230,500 to $469,000. The total is shown as the franchisor printed it; the lines are listed as printed. Single Item 7 table (p15 header, p16 body; TOTAL BASIC PACKAGE $230,500-$453,000 = headline), 11 lines, every cell verified against the rendered page image.
Full Item 7 breakdown11 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $35K | $35K | |
| Real Estate Security/ Deposits and Initial Rent | $10K | $50K | |
| Construction and Design/Architectural Expenses | $125K | $250K | |
| Equipment, Furniture and Fixtures | $25K | $45K | |
| Opening Inventory | $2K | $5K | |
| Insurance | $2K | $5K | |
| Opening Promotion and Grand Opening | $5K | $13K | |
| Cash Registers/Other Office Equipment | $2K | $5K | |
| Initial Training Expenses | $4K | $9K | |
| Business Licenses, Utility Deposits, Prepaid Fees | $1K | $3K | |
| Additional Funds - 3 months | $20K | $50K | |
| Total initial investment | $231K | $469K |
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $231K – $453K
- Top 40% of category vs category
- Liquid capital req'd
- $20K – $50K
- Top 40% of category vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 5.0%
- typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Training fee | $4K |
| Transfer fee | $3K |
| Renewal fee | $20K |
| Inventory (initial) | $2K – $5K |
| Total fee load | 6.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Two Hands Corn Dogs makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Two Hands Corn Dogs unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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: 2024 FDD
Financial Performance
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
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 median of 7.5%.
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
System expanding at 313.3% CAGR over 3 years across 69 units — operators are staying and new ones are joining.
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 medians
How Two Hands Corn Dogs Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 69
- Opened
- 23
- Last reporting year
- Closed
- 1
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Turnover rate
- 1.4%
- Company-owned
- 7
- Corporate units in the system
- % franchised
- 90%
- vs corporate-owned
- Net growth (3-yr)
- Outlier (see FDD)
- Likely small-sample artifact
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
Last fiscal year · Item 20 exits and transfers
- Terminated
- 1
- Transferred
- 6
- Termination rate
- 14.3%
- Franchisor-initiated terminations
- Ceased ops
- 14.3%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 20 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.
Where the owners are · Item 20 owner list
81 current owners across 23 states.
- CA 26
- AZ 15
- TX 12
- NY 4
- MI 3
- GA 2
- NV 2
- VA 2
- AK 1
- AR 1
- CO 1
- FM 1
- +11 more states
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
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 3 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 3
- Loan volume
- $1.2M
- Median loan
- $402K
- average
- Charge-off rate
- Under 10 loans (3)
- Insufficient SBA coverage: 3 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (3)
- 5-yr charge-off
- Under 10 loans (3)
- Loans approved 2021+
- Active lenders
- 3
- 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
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
One prior civil action (2LB Brothers, Inc. v. Link International, LLC, et al., San Diego Superior Court, filed Oct 2020, breach of contract/fraud over the 'Myungrang Hot Dog' license; settled April 2021 for $45,000). Two California administrative consent orders (May 2024) with the Dept. of Financial Protection and Innovation: one against Link International/Donghun Yoo for selling 13 unregistered franchises ($35,000 penalty), and one against Two Hands America, Inc. and Donghun Yoo for failure to timely notify/disclose the 2LB lawsuit ($5,000 penalty).
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · JNK Accountancy Group, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 71 / 100 verdict
- 01HIGHRegulatory violations in California: unregistered franchise sales and failure to disclose litigation demonstrates compliance failures and investor risk
- 02MEDNo disclosed average revenue or net income (Item 19) — impossible to evaluate unit economics or ROI
- 03HIGHTrademark misuse litigation ($45k settlement) suggests brand integrity and IP protection concerns
- 04MINORUnprotected territory creates direct competition risk from other franchisees or franchisor
- 05MINORHigh unit growth rate (55% YoY) is unsustainable and may indicate aggressive recruitment over franchisee success
- 06MINOR5-year term is relatively short with no renewal guarantees mentioned
- 07MINORAdministrative penalties totaling $40k indicate systemic disclosure and governance issues
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 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | No territory protection |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Territory radius | 5 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 15 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Georgia |
| Jury trial waiver | Yes |
| Governing law | GA |
| Litigation count | 3 |
View Item 3 litigation summary
One prior civil action (2LB Brothers, Inc. v. Link International, LLC, et al., San Diego Superior Court, filed Oct 2020, breach of contract/fraud over the 'Myungrang Hot Dog' license; settled April 2021 for $45,000). Two California administrative consent orders (May 2024) with the Dept. of Financial Protection and Innovation: one against Link International/Donghun Yoo for selling 13 unregistered franchises ($35,000 penalty), and one against Two Hands America, Inc. and Donghun Yoo for failure to timely notify/disclose the 2LB lawsuit ($5,000 penalty).
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 24 hrs
- Training location
- Franchisee's Outlet or franchisor corporate headquarters in Duluth, GA
- Ongoing training
- Required
- Site selection
- franchisor
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
81 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Two Hands Corn Dogs franchise?
The total investment to open a Two Hands Corn Dogs franchise ranges from $231K – $453K, 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 Two Hands Corn Dogs franchise owners earn?
Two Hands Corn Dogs makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Two Hands Corn Dogs?
Two Hands Corn Dogs is franchised by Two Hands America, Inc.. Its parent company is OFD America, LLC (affiliate via acquisition; Old Ferry Donut). Source: FDD Item 1, 2024 filing.
What is Item 19 in the Two Hands Corn Dogs 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 Two Hands Corn Dogs FDD and qualifies whose outlets they describe.
What is Two Hands Corn Dogs's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Two Hands Corn Dogs (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 Two Hands Corn Dogs franchise locations are there?
As of their most recent FDD filing, Two Hands Corn Dogs has 69 total units in the United States, including 62 franchised units and 7 company-owned units. 23 new units were opened in the latest reporting year.
Is Two Hands Corn Dogs a good franchise to buy?
FranchiseVerdict rates Two Hands Corn Dogs as a A-grade franchise with a verdict score of 71 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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
Are you the franchisor?
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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.