About Mad For Chicken Franchise
Mad For Chicken is a Korean fried chicken restaurant franchise that has been franchising since 2019.
The brand specializes in double fried Korean style chicken served with a variety of signature sauces, along with Korean fusion appetizers, rice bowls, and beer.
Mad For Chicken restaurants offer a casual, fun dining atmosphere that celebrates the bold flavors and crispy textures of Korean fried chicken.
Mad For Chicken Franchise Cost & Fees
Minimum Investment
$437K
Average Investment
$542K
Maximum Investment
$647K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $35,000.00 | One-time payment upon signing |
| Royalty Fee | 5% of weekly Gross Revenue of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Local Marketing and Advertising: A minimum of 1% of monthly Gross Revenue; Brand Fund Contribution: 1% of weekly Gross Revenue, subject to increases not to exceed 2%; Media Marketing Maintenance Fee: 1% of weekly Gross Revenue, subject to increases not to exceed 2%; Advertising Cooperative: 1% of your monthly Gross Revenue, subject to increases not to exceed 2% | National brand fund |
| Total Investment Range | $436,940 – $647,300 | Includes build-out, inventory, working capital |
The investment range of $437K–$647K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5% of weekly Gross Revenue) and marketing fee (Local Marketing and Advertising: A minimum of 1% of monthly Gross Revenue; Brand Fund Contribution: 1% of weekly Gross Revenue, subject to increases not to exceed 2%; Media Marketing Maintenance Fee: 1% of weekly Gross Revenue, subject to increases not to exceed 2%; Advertising Cooperative: 1% of your monthly Gross Revenue, subject to increases not to exceed 2%) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $35,000 | $35,000 |
| Your Training Expenses | $3,000 | $6,000 |
| Lease & Utilities deposits | $8,000 | $22,500 |
| Architectural Plans | $10,000 | $15,000 |
| Leasehold Improvements, Construction and/or Remodeling | $127,500 | $170,000 |
| Furniture, Fixtures and Equipment | $150,000 | $175,000 |
| Signage | $5,500 | $9,500 |
| Business Licenses and Permits | $2,500 | $5,000 |
| POS System | $800 | $1,600 |
| Initial Inventory | $14,250 | $28,200 |
| Professional Fees | $2,500 | $7,000 |
| Grand Opening Advertising | $15,000 | $15,000 |
| Insurance | $2,500 | $2,500 |
| Operating Expenses / Additional Funds – 3 months | $60,390 | $155,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 |
| Renewal Fee | $2,500 |
| Technology Fee | Varies (POS/Software/Applications Fees) |
| Audit Fee | Actual cost of examination plus related expenses |
| Late Charge | $100 |
| Interest Charge | 1.5% per month from due date, or maximum allowed by law |
| Non-Sufficient Funds Fee | $50 |
| Additional Training | $1,000.00 per person (for repeat initial training or additional key personnel) |
| Remedial Training Fee | $300 per day, plus travel and other expenses |
| Interim Management Support Fee | $300 per day, plus travel and other expenses |
| Evaluation Fee | Actual cost of inspection and testing of a proposed item or vendor |
| Quality Review Services | Varies (up to $10,000 Repeated Non-Compliance Fee) |
| Indemnification | Amount of loss or damages plus costs |
| Reimbursement of Cost and Expenses for Non-compliance | Actual costs and expenses |
| Reimbursement of legal fees and expenses | Our costs and expenses, including but not limited to attorneys’ fees |
| Confidential Operating Manual Replacement Fee | $100, or our then-current fee |
| Insurance | Amount paid by us for your insurance obligations |
| Taxes | Amount of taxes |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 14 days initial training + 7-10 days on-site opening assistance |
| Classroom Training | 25 |
| On-the-Job Training | 153 |
| Training Location | Flushing, New York (Initial Management Training Program); Your location (On-site Training) |
| Additional Training | Mandatory or optional additional training programs may be offered. If required, you must participate for up to three (3) days per year at a designated location. A reasonable fee may be imposed for additional training programs, and you are responsible for all incidental expenses (travel, lodging, meals, wages). |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | Minimum 5-mile radius in suburban areas; minimum 0.25-mile radius in urban areas. |
| Description | Defined after location approval, based on a listed town, city, or county, identified by contiguous zip codes, considering households, average home prices, and household incomes. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | Up to two (2) additional terms of ten (10) years each |
| Renewal Fee | $2,500 |
| Renewal Conditions | Be in full compliance, have no more than three (3) events of default during current term, provide written notice to us at least six months before the end of the term, execute a new franchise agreement, pay us a Successor Agreement fee of $2,500, continue to have the right to occupy the premises or have received approval from us to relocate, remodel your Franchised Business location, execute a general release, comply with then-current qualifications and training requirements, including completion of additional training. You may be asked to sign a new Franchise Agreement with materially different terms and conditions than your original Franchise Agreement. |
| Transfer Fee | $10,000 |
| Transfer Conditions | Our decision not to exercise our right of first refusal; transferee meets our then-current standards for qualifying franchisees; transferee signs our then-current form of Franchise Agreement (which may have materially different terms); transferee and its general manager successfully complete our Initial Management Training Program; you have paid us and third-party creditors all amounts owed; you and the transferee sign a General Release; you shall subordinate any claims you have against the transferee to us; you will indemnify us for a period of 3 years following the transfer; our approval of the material terms and conditions of the transfer; landlord’s consent of a lease assignment, if applicable; payment of a transfer fee equal to $10,000. |
| Termination for Cause | Automatic termination for insolvency, bankruptcy, unpaid judgments, dissolution, or foreclosure. Termination upon notice for failure to acquire site/open business on time, falsifying reports, ceasing operations for 5+ days, losing premises, failing to restore business after casualty, non-compliance with laws/taxes, lease defaults, understating Gross Revenue (2+ times), non-compliance with insurance, unauthorized transfer, failure to transfer upon death/disability, misrepresentation, felony conviction, adverse judgment for fraud/racketeering, concealing revenues, public health/safety threat, refusing inspection/audit, unauthorized use of IP, non-compliance with non-compete, 3+ defaults or 2+ notices in 12 months, insufficient funds (2+ times), or default under other agreements. |
| Non-Compete Period | During the term of the franchise agreement and for 24 months after termination or expiration. |
| Non-Compete Details | During the term, you may not divert customers, participate in a similar restaurant/eatery business, or perform acts injurious to goodwill. After termination/expiration, for 24 months, you may not divert customers or participate in a similar restaurant/eatery business within 10 miles of your former or any other Mad for Chicken outlet location, or perform acts injurious to goodwill. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | No |
| Participation Details | The Franchise Agreement does not require personal supervision, but it is recommended. The Mad for Chicken outlet must be directly supervised by a general manager (who can be the franchisee or an appointed individual). The general manager must successfully complete all required training, devote full time to the job, and not have an interest or business relationship with any competitors. |
| Required Suppliers | Franchisee must purchase all equipment, fixtures, furnishings, ingredients, supplies and services, including computer systems and certain software, from our designated suppliers and contractors or in accordance with our specifications. We maintain written lists of approved items of equipment, fixtures, furnishings, ingredients, supplies and services (by brand name and/or by standards and specifications) and a list of designated suppliers and contractors for those items. You must purchase your employees’ and manager’s uniforms, food strainer, paper products and take-out products, branded merchandise, premade sauces, beer towers and certain ingredients directly from us or our affiliate(s) at our then-current prices. We are currently the only approved supplier of these items. You must also purchase your interior décor and branding package directly from us, which includes specialty lumber, tables and chairs, and lighting. We are currently the only approved supplier of these items. |
| Supply Restrictions | We approve suppliers after careful review of the quality of the products they provide to us and our franchisees. If you would like us to consider another item or supplier, you must make such request in writing to us and have the supplier give us samples of its product or service and such other information that we may require. If the item and/or supplier meets our specifications, as we determine in our sole discretion, we will approve it as an additional item or supplier. We will make a good-faith effort to notify you whether we approve or disapprove of the proposed item or supplier within 30 days after we receive all required information to evaluate the product or service. If we do not approve any request within 30 days, it is deemed unapproved. We reserve the right to revoke approval of any item or supplier that does not continue to meet our then-current standards. Our criteria for approving items and suppliers are not available to you. If you request that we approve a proposed item or supplier, we may charge for our actual costs of product testing and evaluation. |
| Franchisor Revenue from Suppliers | $40,188.45 in rebates because of franchisee purchases. |
Mad For Chicken Franchise Earnings — Item 19
Mad For Chicken does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Mad For Chicken does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Mad For Chicken Litigation & Risk Flags
Clean Litigation RecordMad For Chicken has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Mad For Chicken System Growth
Total Units
9
Franchised
3
Company-Owned
6
Mad For Chicken currently operates 3 franchised locations and 6 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2020 | 0 | 0 | 2 |
| 2021 | 7 | 0 | 9 |
| 2022 | 3 | 3 | 10 |
Transfers: 2 | Closures: 3
State Registrations
Registered in 16 states: CA, CT, HI, IL, IN, MD, MI, MN, NY, ND, OR, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$352K
Net Income
$-13,161
Total Assets
$102K
Audited by Monis J. Siddiqui, CPA P.C. for year ending December 31.
Mad For Chicken Franchise — FAQ
The total investment to open a Mad For Chicken franchise ranges from $436,940 to $647,300, per their Franchise Disclosure Document. This includes the initial franchise fee of $35,000.00. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Mad For Chicken charges a royalty fee of 5% of weekly Gross Revenue of gross sales, plus a Local Marketing and Advertising: A minimum of 1% of monthly Gross Revenue; Brand Fund Contribution: 1% of weekly Gross Revenue, subject to increases not to exceed 2%; Media Marketing Maintenance Fee: 1% of weekly Gross Revenue, subject to increases not to exceed 2%; Advertising Cooperative: 1% of your monthly Gross Revenue, subject to increases not to exceed 2% contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Mad For Chicken Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Mad For Chicken to ensure you have the most up-to-date version.
Mad For Chicken does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Mad For Chicken has been franchising since 2019. The FDD shows an investment range of $436,940-$647,300, a 5% of weekly Gross Revenue royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $35,000.00 and the total investment ranges from $436,940 to $647,300 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Mad For Chicken and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Mad For Chicken or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com