Mad for Chicken franchise
2023 filing · September 13, 2023Shares sales figures
Mad for Chicken at a glance
A Korean-inspired chicken restaurant serving wings, French fries, rice dishes and snacks.
The business
- Franchisor
- Mad for Chicken Franchise Inc
- The company that sells the franchises
- Franchisor based in
- Westbury, New York
What you pay
- Cost to open
- $437K–$647K
- An Express restaurant
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of weekly gross revenue, paid weekly
- Brand fund
- 1%
- 1% of weekly gross revenue, paid weekly; it can rise to 2%
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- Franchised, 2022
- 3
- As printed in the filing
From Mad for Chicken Franchise Inc’s 2023 filing; revenue and net loss from its audited financial statements, page 150; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Mad for Chicken among all franchises with the same figure.
| Figure | Mad for Chicken | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $542,120 | Costs more than 67% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
How much a Mad for Chicken franchise costs
Opening an Express restaurant costs an estimated $436,940 to $647,300. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Mad for Chicken Franchise Inc, 2023 filing, page 1
Mad for Chicken franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: Mad for Chicken Franchise Inc, 2023 filing, page 9
Royalty and ongoing fees
| Royalty | 5% of weekly gross revenue, paid weekly. |
|---|---|
| Brand or marketing fund | 1% of weekly gross revenue, paid weekly; it can rise to 2%. |
| Transfer Fee | $10,000 |
| Required Minimum Expenditure for Local Marketing and Advertising | A minimum of 1% of monthly Gross Revenue per calendar month. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Mad for Chicken Franchise Inc, 2023 filing, page 10
Other fees as filed, from pages 10–11. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Mad for Chicken publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Mad for Chicken Franchise Inc, 2023 filing, page 45
SBA loans to Mad for Chicken franchisees
Lenders approved one SBA 7(a) loan for a Mad for Chicken franchisee in 2022, for $640K. It hasn’t been paid off or charged off yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Mad for Chicken compares
Of the 113 chicken franchises on this site, Mad for Chicken is the 64th cheapest to open.
| Figure | Mad for Chicken | Typical chicken brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $437K | $407K | $222K |
| Cost to open, high end | $647K | $868K | $477K |
| Franchise fee | $35K | $35K | $40K |
| Royalty | 5% | 5% | 6% |
| Brand fund | 1% | 2% | 2% |
| Shares earnings figures | Yes | 61 of 113 | 2,147 of 3,352 |
Typical is the median across the 113 brands in chicken franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2019 | 0 (0) | 2 |
| 2020 | 0 (0) | 2 |
| 2021 | 5 (+5) | 4 |
| 2022 | 3 (−2) | 6 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
These figures don't add up as printed: the 2022 counts come to 9, but the filing shows 10. Worth asking the franchisor.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: chicken franchise costs and franchise failure rates.
Over 4 years, from the start of 2019 to the end of 2022, franchised locations went from 0 to 3 (+3). The earlier years come from the brand's 2022 filing.
Source: Mad for Chicken Franchise Inc, 2023 filing, page 47
2019: Mad for Chicken Franchise Inc, 2022 filing, page 47
Where Mad for Chicken locations are
At the end of 2022, Mad for Chicken had locations in 2 states. The most are in New York and Texas.
- New York6
- Texas3
Source: Mad for Chicken Franchise Inc, 2023 filing, page 48
Who owns Mad for Chicken?
Mad for Chicken franchises are sold by Mad for Chicken Franchise Inc. Its filing names no parent company.
From Mad for Chicken Franchise Inc’s 2023 filing, page 6.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Mad for Chicken Franchise Inc, 2023 filing, litigation on page 9, bankruptcy on page 9
Mad for Chicken filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from Mad for Chicken Franchise Inc’s 2023 filing, issued September 13, 2023; the earlier ones below are on record with the NASAA Electronic Filing Depository and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | September 13, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
| 2022 filing | August 24, 2022 | NASAA depository | Locations, 2019 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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