Two Hands Corn Dog
Food & Beverage · Quick-Service Restaurants
- Active units
- 62
Franchised, year-end 2023
About Two Hands Corn Dog
Two Hands Corn Dogs is an innovative brand that is introducing Korean-style corn dogs to America. With a variety of unique and special corn dogs on offer, Two Hands is capturing the taste buds of Americans everywhere. What sets Two Hands apart is their approachable cost range and their top-notch branding and storytelling. Started in Los Angeles, California in 2019, Two Hands Corndogs has rapidly expanded to over 40 locations, with plans for even more next year. Their twist on the familiar and friendly menu intrigues people of all ages and genders. Each corn dog is made with 100% beef and is crafted with pride and confidence. In addition to the classic corn dog, Two Hands offers a range of delicious flavors including spicy, potato, crispy rice, classic Korean-style, and even an American classic State Fair-style corn dog. They also have a fantastic selection of side dishes, drinks, and dessert options to complete your meal. Discover the joy of Korean-style corn dogs at Two Hands Corndogs and experience a modern twist on a beloved classic.
Key terms
- Footprint
500 – 1,000 sq ft
Brand Percentile Rankings
Growth
- Total locations62
Franchised units open at year-end
- New openings23
Gross new units opened during the calendar year
- 1-year unit growth rate55.0%
Net unit growth versus prior year
- 3-year unit CAGR103.3%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio23.0×
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—
Midpoint of estimated initial investment range
- Time to open6 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate—
Percent of net sales paid to the franchisor
- 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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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.