PORT OF PERI PERI

Item 7 lays out the financial entry: $225,000-$500,000 total investment (down to $127,400 for express or trucks), covering $35,000 franchise fee, buildout, equipment, and initial inventory. Ongoing fees bite at 5% royalty, up to 4% brand fund, plus $350/month tech fee and $199/month phone app—higher than many fast-casual peers at 4-6% total. No Item 19 means zero disclosed revenue or profit figures, forcing reliance on seller claims or private validation; this opacity raises red flags for a system with only 16 franchise units and 3 corporates, especially post-2019 launch.

Growth stalled from 15 to 16 locations (+7% in 2023), with just 3 projected new units, signaling caution in a crowded Peri Peri niche competing with Nando's clones. One SBA loan averages $150,000, low volume suggesting limited banking traction or scale. Item 20 flags a single litigation: a New Jersey ex-franchisee sued over fraud, misrepresentation, and contract breach, settled with termination and payment—common for startups but underscores execution risks. For investors, low unit count and no earnings data mean high scrutiny on site selection in malls/urban spots; viability hinges on multi-format flexibility but demands strong ops to hit category norms.