Hangry Joe's Hot Chicken
Food & Beverage · Fast-Casual Restaurants
- Active units
- 51
- Royalty
- 6.5%
Franchised, year-end 2023
of weekly Net Sales
About Hangry Joe's Hot Chicken
Hangry Joe's Hot Chicken is a rapidly-growing Nashville-style chicken franchise with locations across the United States and even internationally in Dubai and Korea. Known for its premium unrivaled quality and authentic Nashville hot chicken, Hangry Joe's offers a range of fiery fried chicken sandwiches with varying spice levels, from plain to angry hot. Their signature Nashville-style chicken sandwich is a must-try for chicken sandwich enthusiasts who enjoy a hot and spicy experience. With a commitment to using the freshest ingredients, Hangry Joe's ensures that every bite is crispy and tangy. Whether you're ordering online or visiting one of their locations, you can expect a memorable and flavorful experience. Don't miss out on the best tasting chicken sandwich in town – try Hangry Joe's Hot Chicken today!
Key terms
- Franchise fee
$35k
- Lead generator discounted territories
franchisees who generate additional franchisee leads purchase territories at a discounted rate; franchise fee ranges from 20000 to 25000
- Multi-territory discount
we reduce the initial franchise fee to 25000 to 30000 in some instances where franchisees purchase multiple territories
- Brand fund
2.0% of Net Sales
- Local advertising
1.0% of Net Sales
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing).
Growth
- Total locations114
Franchised units open at year-end
- New openings29
Gross new units opened during the calendar year
- 1-year unit growth rate20.0%
Net unit growth versus prior year
- 3-year unit CAGR49.5%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio29.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$412k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open9 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.5%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 98 of 165 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.