Two Hands Corn DogsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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]. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $231K – $453K
- 40th pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 5.0%
- 13th pct Service Resta…
- Units
- 69
- 68th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-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
Franchised units fell from 62 to 15 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $231K – $453K including a $35K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict D (Below Average) with a risk score of 74/100.
- System growing at 313.3% CAGR over 3 years with 69 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Two Hands America, Inc.
- 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
- $3.1M
- vs $5.7M prior year
Overview
About
Franchisees operate quick-service corn dog restaurants, likely featuring fried corn dog products as core menu items. Day-to-day operations involve food preparation, customer service, inventory management, and point-of-sale transactions in small-to-medium format locations. Revenue model depends on foot traffic, average ticket price, and operational efficiency within 5% royalty structure.
- CEO
- Donghun Yoo
- Headquarters
- GA
- Founded
- 2019
- FDD year
- 2024
- States available
- 17
FDD Item 7 · 2024 filing · 11 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| Real Estate Security/Deposits and Initial Rentnot refundable | $10K | $50K | |
| Construction and Design/Architectural Expensesnot refundable | $125K | $250K | |
| Equipment, Furniture and Fixturesnot refundable | $25K | $45K | |
| Opening Inventorynot refundable | $2K | $5K | |
| Insurancenot refundable | $2K | $5K | |
| Opening Promotion and Grand Openingnot refundable | $5K | $13K | |
| Cash Registers/Other Office Equipmentnot refundable | $2K | $5K | |
| Initial Training Expensesnot refundable | $4K | $9K | |
| Business Licenses, Utility Deposits, Prepaid Feesnot refundable | $1K | $3K | |
| Additional Funds - 3 monthsnot refundable | $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
- Near category avg vs category
- Liquid capital req'd
- $20K – $50K
- Near category avg vs category
- Franchise fee
- $35K – $35K
- Near category avg vs category
- Royalty
- 5.0%
- Gross Sales · 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 | $100 |
| Transfer fee | $15K |
| Renewal fee | $20K |
| Inventory (initial) | $2K – $5K |
| Total fee load | 6.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Quick-Service Restaurants averages
How Two Hands Corn Dogs Compares
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 (yr3)
- +55.0%
- Net unit change last year
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Opened (3yr)
- 2
- Transfers (3yr)
- 6
- Projected new
- 11
- Franchisor's next-year forecast
- 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 · 22 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.
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
- 0.0%
- rates vary by category · see methodology
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
- 0.0%
- Loans approved 2021+
- Active lenders
- 3
- 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
Two Hands Corn Dogs presents HIGH RISK due to going concern uncertainty, regulatory violations, undisclosed financials, trademark litigation, and aggressive growth masking potential unit quality issues.
Litigation (Item 3)
2LB Brothers, Inc. v. Link International, LLC settled April 21, 2021 for $45,000 (breach of contract, fraud, negligent misrepresentation, franchise law violation). Two administrative consent orders with California Department of Financial Protection and Innovation: (1) Link International and Donghun Yoo for selling 13 unregistered franchises 2018-2020, $35,000 penalty; (2) Two Hands America, Inc. and Donghun Yoo for failure to disclose October 2020 lawsuit to Department and franchisees until March 2021, $5,000 penalty.
Largest disclosed settlement: $45,000
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: No
- 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 74 / 100 rating
- 01HIGHGoing concern status is FALSE — fundamental viability question about franchisor operations
- 02HIGHRegulatory violations in California: unregistered franchise sales and failure to disclose litigation demonstrates compliance failures and investor risk
- 03MEDNo disclosed average revenue or net income (Item 19) — impossible to evaluate unit economics or ROI
- 04HIGHTrademark misuse litigation ($45k settlement) suggests brand integrity and IP protection concerns
- 05MINORUnprotected territory creates direct competition risk from other franchisees or franchisor
- 06MINORHigh unit growth rate (55% YoY) is unsustainable and may indicate aggressive recruitment over franchisee success
- 07MINOR5-year term is relatively short with no renewal guarantees mentioned
- 08MINORAdministrative penalties totaling $40k indicate systemic disclosure and governance issues
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 | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Territory radius | 1 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 |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Georgia |
| Jury trial waiver | Yes |
| Governing law | Georgia |
| Litigation count | 3 |
View Item 3 litigation summary
2LB Brothers, Inc. v. Link International, LLC settled April 21, 2021 for $45,000 (breach of contract, fraud, negligent misrepresentation, franchise law violation). Two administrative consent orders with California Department of Financial Protection and Innovation: (1) Link International and Donghun Yoo for selling 13 unregistered franchises 2018-2020, $35,000 penalty; (2) Two Hands America, Inc. and Donghun Yoo for failure to disclose October 2020 lawsuit to Department and franchisees until March 2021, $5,000 penalty.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 24 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- Site selection
- franchisor
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
85 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Two Hands Corn Dogs · FDD (2024) PDF
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 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 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 D-grade franchise with a risk score of 74 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.
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.