Angry Crab Shack
Franchise research report · reviewed 2026 disclosure data
Researching Angry Crab Shack franchise opportunities? Every figure below is cited to the FDD.
Reviewed sources
Angry Crab Shack franchise specializes in Cajun-style seafood served in a casual, hands-on dining environment where guests crack shells and enjoy bold flavors.
Headline figures
Quick facts
- How much does it cost to open an Angry Crab Shack franchise?
- The Angry Crab Shack Franchise Disclosure Document reports separate estimated initial investments by format: $421,800 for total initial investment lower estimate (2026 FDD, Item 7, PDF p. 17); $3 for broker fee typical percent of total lease (2026 FDD, Item 7, PDF p. 18). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Angry Crab Shack charge?
- The disclosed ongoing royalty is 5% (2026 FDD, Item 6, PDF p. 10). The brand or advertising fund contribution is 1% (2026 FDD, Item 6, PDF p. 11). Other recurring fees are listed in Item 6. Details
- Does Angry Crab Shack disclose financial performance (Item 19)?
- Yes. The Angry Crab Shack FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 45). Figures apply only to the locations and period each one covers. Details
- How many Angry Crab Shack locations are there?
- The FDD reports 24 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 54). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $421,800 (Total initial investment lower estimate); $3 (Broker fee typical percent of total lease); several initial fee options apply.
- 2Item 19 covers 45 separate groups: revenue for 1 Company locations; revenue for 1 Company locations; revenue for 1 Company locations; revenue for 1 Company locations; revenue for 1 Company locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; revenue for 23 Five company-owned and eighteen franchise-owned locations; revenue for 20 Five company-owned and eighteen franchise-owned locations; other measures and revenue for 1 Franchised locations; other measures and revenue for 1 Franchised locations; other measures and revenue for 1 Franchised locations; other measures and revenue for 1 Franchised locations; revenue and other measures for 1 Franchised locations; revenue for 1 Franchised locations; other measures and revenue for 1 Franchised locations; other measures and revenue for 1 Franchised locations; other measures for locations; revenue and other measures and costs and profit and EBITDA for 5 Mixed company-owned and franchised locations; revenue and other measures and profit and costs and EBITDA for 6 Mixed company-owned and franchised locations; revenue and other measures and costs and profit and EBITDA for 5 Mixed company-owned and franchised locations; revenue and other measures and costs and EBITDA and profit for 22 Mixed company-owned and franchised locations; revenue and other measures and profit and costs and EBITDA for 6 Mixed company-owned and franchised locations; other measures and revenue for 22 Mixed company-owned and franchised locations; revenue for 1 Franchise locations; revenue for 1 Franchise locations; other measures for 1 Franchise locations; revenue for 19 Five company-owned and eighteen franchise-owned restaurants; other measures and revenue for 1 Franchised locations; revenue for 1 Franchise locations; revenue for 1 Franchised locations; revenue for 1 Franchised locations; other measures for 1 Franchised locations. They are not combined.
- 3Outlets grew by 1 in 2025, to 24 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 2 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose.
- Broker fee typical percent of total leasePDF p. 18$3
- Total initial investment lower estimatePDF p. 17$421,800
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty fee percent of Net SalesMain ongoing fee
35 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
45 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Goodyear
- Period
- 2025
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- East Mesa
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Mesa
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Phoenix
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Peoria
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- North Tucson
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Norterra
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- East Bell
- Period
- 2024
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Yuma
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Surprise
- Period
- 2025
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- San Tan
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Henderson
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Scottsdale
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Orange Beach
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Laveen
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Casa Grande
- Period
- 2024
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Atascocita
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- East Tucson
- Period
- 2024
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Tempe
- Period
- 2023
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 23 locations
- Who is counted
- Historic sales: 19 restaurants 2023; 20 in 2024; 23 in 2025
- Period
- 2025
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 20 locations
- Who is counted
- Historic sales: 19 restaurants 2023; 20 in 2024; 23 in 2025
- Period
- Percent
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1 locations
- Who is counted
- San Tan opened 20-Aug
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1 locations
- Who is counted
- Laveen opened 20-Dec
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1 locations
- Who is counted
- Henderson opened 21-Jan
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1 locations
- Who is counted
- Scottsdale opened 21-Oct
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1 locations
- Who is counted
- Casa Grande opened 22-Feb
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Atascocita opened 22-Apr
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1 locations
- Who is counted
- East Tucson opened 22-May
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1 locations
- Who is counted
- Prescott opened 24-Jul
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- Twelve newer franchise-owned restaurants; first and second generation sites separate
- Excluded
- Twelve pre-August 2020 sites; three unreliable initial investments
- Method
- Averages/medians include franchise fees; actual outlet costs exclude franchise fee.
Locations counted: not stated in the reviewed record
Revenue, costs, profit, EBITDA and other measures · 5 locations
- Who is counted
- Q2
- Period
- Q2
- Excluded
- One unreliable expense report and one shop opened in 2025
- Method
- Unaudited; royalties and advertising imputed for company outlets; EBITDA before interest, taxes, depreciation and amortization.
Locations counted: not stated in the reviewed record
Revenue, profit, costs, EBITDA and other measures · 6 locations
- Who is counted
- Q3
- Period
- Q3
- Excluded
- One unreliable expense report and one shop opened in 2025
- Method
- Unaudited; royalties and advertising imputed for company outlets; EBITDA before interest, taxes, depreciation and amortization.
Locations counted: not stated in the reviewed record
Revenue, costs, profit, EBITDA and other measures · 5 locations
- Who is counted
- Q4
- Period
- Q4
- Excluded
- One unreliable expense report and one shop opened in 2025
- Method
- Unaudited; royalties and advertising imputed for company outlets; EBITDA before interest, taxes, depreciation and amortization.
Locations counted: not stated in the reviewed record
Revenue, costs, EBITDA, profit and other measures · 22 locations
- Who is counted
- All
- Period
- All
- Excluded
- One unreliable expense report and one shop opened in 2025
- Method
- Unaudited; royalties and advertising imputed for company outlets; EBITDA before interest, taxes, depreciation and amortization.
Locations counted: not stated in the reviewed record
Revenue, profit, costs, EBITDA and other measures · 6 locations
- Who is counted
- Q1
- Period
- Q1
- Excluded
- One unreliable expense report and one shop opened in 2025
- Method
- Unaudited; royalties and advertising imputed for company outlets; EBITDA before interest, taxes, depreciation and amortization.
Locations counted: not stated in the reviewed record
Revenue and other measures · 22 locations
- Who is counted
- Five company and seventeen franchised restaurants
- Excluded
- One unreliable expense report and one shop opened in 2025
- Method
- Unaudited; royalties and advertising imputed for company outlets; EBITDA before interest, taxes, depreciation and amortization.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Everett
- Period
- 2025
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Acworth
- Period
- 2025
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Atlantic Station (Atlanta)
- Period
- 2025
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 19 locations
- Who is counted
- Historic sales: 19 restaurants 2023; 20 in 2024; 23 in 2025
- Period
- Percent
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1 locations
- Who is counted
- Tempe opened 22-Nov
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Prescott
- Period
- 2025
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Unaudited historic sales reports; sales less taxes, documented refunds, discounts, credits and allowances.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Everett opened 23-Nov
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Acworth opened 24-Feb
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- West El Paso opened 25-Jul
- Excluded
- Partial years omitted; transferred shop excluded where reported sales unreliable; 2025 new shop excluded
- Method
- Individual costs exclude franchise fee; averages/medians include fee. Pre-August 2020 sites excluded; three unreliable investments omitted. Partial-year sales omitted.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 54
Net +3 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($3 – $421,800) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 23 to 24 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Item 19 — Locations counted not stated in the reviewed record — Goodyear · PDF p. 45
- [2]Item 19 — Locations counted not stated in the reviewed record — East Mesa · PDF p. 45
- [3]Item 19 — Locations counted not stated in the reviewed record — Mesa · PDF p. 45
- [4]Item 19 — Locations counted not stated in the reviewed record — Phoenix · PDF p. 45
- [5]Item 19 — Locations counted not stated in the reviewed record — Peoria · PDF p. 45
- [6]Item 19 — Locations counted not stated in the reviewed record — North Tucson · PDF p. 45
- [7]Item 19 — Locations counted not stated in the reviewed record — Norterra · PDF p. 45
- [8]Item 19 — Locations counted not stated in the reviewed record — East Bell · PDF p. 45
- [9]Item 19 — Locations counted not stated in the reviewed record — Yuma · PDF p. 45
- [10]Item 19 — Locations counted not stated in the reviewed record — Surprise · PDF p. 45
- [11]Item 19 — Locations counted not stated in the reviewed record — San Tan · PDF p. 45
- [12]Item 19 — Locations counted not stated in the reviewed record — Henderson · PDF p. 45
- [13]Item 19 — Locations counted not stated in the reviewed record — Scottsdale · PDF p. 45
- [14]Item 19 — Locations counted not stated in the reviewed record — Orange Beach · PDF p. 45
- [15]Item 19 — Locations counted not stated in the reviewed record — Laveen · PDF p. 45
- [16]Item 19 — Locations counted not stated in the reviewed record — Casa Grande · PDF p. 45
- [17]Item 19 — Locations counted not stated in the reviewed record — Atascocita · PDF p. 45
- [18]Item 19 — Locations counted not stated in the reviewed record — East Tucson · PDF p. 45
- [19]Item 19 — Locations counted not stated in the reviewed record — Tempe · PDF p. 45
- [20]Item 19 — Locations counted not stated in the reviewed record — Historic sales: 19 restaurants 2023; 20 in 2024; 23 in 2025 · PDF p. 45; PDF p. 46
- [21]Item 19 — Locations counted not stated in the reviewed record — Historic sales: 19 restaurants 2023; 20 in 2024; 23 in 2025 · PDF p. 46; PDF p. 45
- [22]Item 19 — Locations counted not stated in the reviewed record — San Tan opened 20-Aug · PDF p. 46
- [23]Item 19 — Locations counted not stated in the reviewed record — Laveen opened 20-Dec · PDF p. 46
- [24]Item 19 — Locations counted not stated in the reviewed record — Henderson opened 21-Jan · PDF p. 46
- [25]Item 19 — Locations counted not stated in the reviewed record — Scottsdale opened 21-Oct · PDF p. 46
- [26]Item 19 — Locations counted not stated in the reviewed record — Casa Grande opened 22-Feb · PDF p. 46
- [27]Item 19 — Locations counted not stated in the reviewed record — Atascocita opened 22-Apr · PDF p. 46
- [28]Item 19 — Locations counted not stated in the reviewed record — East Tucson opened 22-May · PDF p. 46
- [29]Item 19 — Locations counted not stated in the reviewed record — Prescott opened 24-Jul · PDF p. 47
- [30]Item 19 — Locations counted not stated in the reviewed record — Twelve newer franchise-owned restaurants; first and second generation sites sep… · PDF p. 47
- [31]Item 19 — Locations counted not stated in the reviewed record — Q2 · PDF p. 49; PDF p. 51
- [32]Item 19 — Locations counted not stated in the reviewed record — Q3 · PDF p. 49; PDF p. 51
- [33]Item 19 — Locations counted not stated in the reviewed record — Q4 · PDF p. 49; PDF p. 51
- [34]Item 19 — Locations counted not stated in the reviewed record — All · PDF p. 49; PDF p. 51
- [35]Item 19 — Locations counted not stated in the reviewed record — Q1 · PDF p. 49; PDF p. 51
- [36]Item 19 — Locations counted not stated in the reviewed record — Five company and seventeen franchised restaurants · PDF p. 53
- [37]Item 19 — Locations counted not stated in the reviewed record — Everett · PDF p. 45
- [38]Item 19 — Locations counted not stated in the reviewed record — Acworth · PDF p. 45
- [39]Item 19 — Locations counted not stated in the reviewed record — Atlantic Station (Atlanta) · PDF p. 45
- [40]Item 19 — Locations counted not stated in the reviewed record — Historic sales: 19 restaurants 2023; 20 in 2024; 23 in 2025 · PDF p. 46; PDF p. 45
- [41]Item 19 — Locations counted not stated in the reviewed record — Tempe opened 22-Nov · PDF p. 46
- [42]Item 19 — Locations counted not stated in the reviewed record — Prescott · PDF p. 45
- [43]Item 19 — Locations counted not stated in the reviewed record — Everett opened 23-Nov · PDF p. 46
- [44]Item 19 — Locations counted not stated in the reviewed record — Acworth opened 24-Feb · PDF p. 46
- [45]Item 19 — Locations counted not stated in the reviewed record — West El Paso opened 25-Jul · PDF p. 47
- [46]Outlet counts — Item 20, Table 1 · PDF p. 54
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2024 | assets current assets cash and cash equivalents | $243,400 |
| 2024 | accounts receivableMore than one value recorded for this year — open the FDD source before comparing | $146,199 |
| 2024 | prepaid expensesMore than one value recorded for this year — open the FDD source before comparing | $76,170 |
| 2024 | current portion of deferred franchise costs | $32,125 |
| 2024 | total current assets | $541,117 |
| 2024 | property and equipment, net | $16,857 |
| 2024 | operating right-of-use assets | $157,153 |
| 2024 | deposits | $23,945 |
| 2024 | liabilities and members' deficit current liabilities accounts payable | $132,754 |
| 2024 | current portion of deferred franchise revenue | $109,250 |
| 2024 | current portion of lease liability - operating | $24,530 |
| 2024 | total current liabilities | $280,423 |
| 2024 | lease liability - operating, less current portion | $133,030 |
| 2024 | total long-term liabilities | $694,445 |
| 2024 | total liabilities | $974,868 |
| 2024 | total revenue | $1,666,151 |
| 2024 | operating expenses | $1,461,584 |
| 2024 | members' deficit | -$70,347 |
| 2024 | revenue franchise fees | $110,167 |
| 2024 | franchise royalties | $1,244,810 |
| 2024 | other operating revenue | $43,046 |
| 2024 | net income | $204,567 |
| 2024 | members' deficit - end of year | -$70,347 |
| 2024 | noncash lease expense | -$1,832 |
| 2024 | accounts receivableMore than one value recorded for this year — open the FDD source before comparing | -$5,934 |
| 2024 | prepaid expensesMore than one value recorded for this year — open the FDD source before comparing | $8,912 |
| 2024 | accounts payable | $264 |
| 2024 | accrued expensesMore than one value recorded for this year — open the FDD source before comparing | -$755 |
| 2024 | net cash provided | $216,513 |
| 2024 | net | $5,492 |
| 2024 | net cash used by investing activities | -$11,365 |
| 2024 | cash and cash equivalents - beginning of year | $38,252 |
| 2024 | cash and cash equivalents - end of year | $243,400 |
| 2024 | due from related party | $43,223 |
| 2024 | accrued expensesMore than one value recorded for this year — open the FDD source before comparing | $13,889 |
| 2024 | deferred franchise costs | $21,458 |
| 2024 | deferred franchise revenue | -$10,167 |
| 2024 | supplemental disclosure of cash flow information right-of-use asset obtained in exchange for lease liability | $163,544 |
| 2024 | deferred franchise costs, net of current portion | $165,449 |
| 2024 | marketing fees | $268,128 |
| 2024 | cash flows from operating activities net income | $204,567 |
| 2024 | total assets | $904,521 |
| 2024 | cash flows from investing activities property and equipment purchases | -$16,857 |
| 2024 | total liabilities and members' deficit | $904,521 |
| 2024 | members' deficit - beginning of year | -$274,914 |
| 2024 | long-term liabilities deferred franchise revenue, net of current portion | $561,415 |
| 2024 | increase | $205,148 |
| 2023 | assets current assets cash and cash equivalents | $38,252 |
| 2023 | prepaid expensesMore than one value recorded for this year — open the FDD source before comparing | $85,082 |
| 2023 | due from related party | $48,715 |
| 2023 | total current assets | $332,814 |
| 2023 | deferred franchise costs, net of current portion | $198,532 |
| 2023 | operating right-of-use assets | $42,152 |
| 2023 | deposits | $23,945 |
| 2023 | total assets | $597,443 |
| 2023 | liabilities and members' deficit current liabilities accounts payable | $132,490 |
| 2023 | accrued expensesMore than one value recorded for this year — open the FDD source before comparing | $14,644 |
| 2023 | current portion of lease liability - operating | $29,295 |
| 2023 | total current liabilities | $275,679 |
| 2023 | long-term liabilities deferred franchise revenue, net of current portion | $581,582 |
| 2023 | lease liability - operating, less current portion | $15,096 |
| 2023 | total long-term liabilities | $596,678 |
| 2023 | members' deficit | -$274,914 |
| 2023 | total liabilities and members' deficit | $597,443 |
| 2023 | revenue franchise fees | $94,667 |
| 2023 | franchise royalties | $1,142,107 |
| 2023 | marketing fees | $205,091 |
| 2023 | other operating revenue | $23,240 |
| 2023 | net income | $1,902 |
| 2023 | members' deficit - beginning of year | -$176,816 |
| 2023 | distributions to members | -$100,000 |
| 2023 | members' deficit - end of year | -$274,914 |
| 2023 | cash flows from operating activities net income | $1,902 |
| 2023 | noncash lease expense | $323 |
| 2023 | prepaid expensesMore than one value recorded for this year — open the FDD source before comparing | -$41,304 |
| 2023 | accounts payable | $12,069 |
| 2023 | accrued expensesMore than one value recorded for this year — open the FDD source before comparing | $2,012 |
| 2023 | deferred franchise revenue | -$44,667 |
| 2023 | net cash provided | -$42,818 |
| 2023 | net | -$48,715 |
| 2023 | repayments to related party | -$812 |
| 2023 | net cash used by investing activities | -$49,527 |
| 2023 | increase | -$192,345 |
| 2023 | cash and cash equivalents - beginning of year | $230,597 |
| 2023 | cash and cash equivalents - end of year | $38,252 |
| 2023 | accounts receivableMore than one value recorded for this year — open the FDD source before comparing | $140,265 |
| 2023 | deferred franchise costs | $3,833 |
| 2023 | cash flows from financing activities distributions to members | -$100,000 |
| 2023 | current portion of deferred franchise costs | $20,500 |
| 2023 | current portion of deferred franchise revenue | $99,250 |
| 2023 | total liabilities | $872,357 |
| 2023 | operating expenses | $1,463,203 |
| 2023 | accounts receivableMore than one value recorded for this year — open the FDD source before comparing | $23,014 |
| 2023 | total revenue | $1,465,105 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
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Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.