PHO HOA
Phở Hòa® franchises operate sit-down table-service casual dining restaurants featuring authentic Vietnamese noodle soups and plate dishes made from proprietary recipes using fresh ingredients. The business model centers on franchising these restaurants under the Phở Hòa® System, which includes specialized recipes, operating know-how, and support programs, with Jazen Tea® beverages now incorporated. They target health-conscious customers in the casual dining Asian restaurant market.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
4% royalty + potential $500/mo marketing (not yet imposed) + $160/mo loyalty card admin fee + $30/mo music subscription + $8/user/mo Slack subscription
Franchise Stats
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
How PHO HOA Compares to Other Casual Dining Franchises
Key Insights
- Lower investment than 81% of Casual Dining franchises
- Lower than average SBA loan default rate in Casual Dining
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
PHO HOA Current | $391K - $759K | $30K | 4.0% | 14 |
| IHOP & INTERNATIONAL HOUSE OF PANCAKES | $1.8M - $4.5M | $69K | N/A | 1,703 |
| BUFFALO WILD WINGS | $2.5M - $4.9M | $25K | 5.0% | 538 |
| GOLDEN CORRAL STEAKS, BUFFET & BAKERY | $2.1M - $8.5M | $50K | 4.0% | 352 |
| GOLDEN CORRAL | $2.2M - $8.7M | $50K | 4.0% | 348 |
| ORIGINAL PANCAKE HOUSE (THE) | $483K - $1.7M | $60K | 2.0% | 146 |
Casual Dining Average 43 franchises | $1.6M - $3.6M | $44K | 4.6% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 43 Casual Dining franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for PHO HOA franchisees (2018 - 2022)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a PHO HOA franchise?
The total initial investment to open a PHO HOA franchise ranges from $391,100 to $759,180. This includes a franchise fee of $30,000. Ongoing royalty fees are 4.0% of gross sales.
How many PHO HOA franchise locations are there?
As of the 2025 FDD, PHO HOA has 14 franchise locations. The company has been franchising since 1992.
Can you get an SBA loan for a PHO HOA franchise?
Yes, SBA loans are available for PHO HOA franchises. Historical data shows 4 SBA 7(a) loans have been approved for PHO HOA franchisees, with an average loan amount of $257,125. The historical default rate is 25.0%.
Is PHO HOA a good franchise to buy?
Whether PHO HOA is a good franchise investment depends on your personal goals, available capital, and local market conditions. We recommend reviewing the full FDD, speaking with existing franchisees listed in Item 20, and consulting with a franchise attorney before making a decision.
Interested in PHO HOA?
Talk to a franchise advisor to get personalized guidance and learn if PHO HOA is the right fit for you.
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