SLIM CHICKEN'S
Slim Chickens franchises fast casual restaurants featuring fresh chicken tenders, wings, salads, sandwiches, wraps, sides, dipping sauces, merchandise, and beverages, with indoor dining and often drive-through service. The business model grants franchisees the right to use the Slim Chickens System, including proprietary methods of food preparation and operations, under Franchise or Development Agreements for single or multiple locations. They target the general public seeking quality fast casual food at moderate prices, competing with national and regional chains and local businesses.
Franchise Costs
5% royalty + 2% ad fund + $25-$62.50 per fiscal week technology fee (fixed portion) + $115/mo loyalty & rewards + $50/mo OLO + up to $200/mo customer service program (if required)
Financial Performance
Item 19 Financial Performance
Data Based On: 147 franchised Restaurants open and operating for the full 2024 fiscal year
* Calculated weighted average revenue from Table 1 segments: (36 units × $3,675,927 + 37 units × $2,634,135 + 37 units × $2,041,036 + 37 units × $1,429,263) / 147 total units = $2,436,717.21. This closely matches the stated aggregate average of $2,436,728. Median gross revenue for all 147 restaurants is directly stated as $2,305,930. Revenue top quartile is the average gross sales of the highest performing group (Group 1). Revenue bottom quartile is the average gross sales of the lowest performing group (Group 4). No information regarding net income, net profit, EBITDA, or expense data was found.
Extracted Item 19 Section
How SLIM CHICKEN'S Compares
Key Insights
- Higher investment than 85% of Fast Food franchises
- Higher than average SBA loan default rate in Fast Food
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
SLIM CHICKEN'S Current | $1.2M – $4.5M | $30K | 5.0% | 192 |
| MCDONALD'S | $1.5M – $2.6M | $45K | N/A | 12,772 |
| AFC | $45K – $151K | $6K | 9.5% | 3,572 |
| SONIC DRIVE-IN | $1.7M – $3.1M | $15K | 5.0% | 3,441 |
| JIMMY JOHN'S | $366K – $728K | $35K | 6.0% | 2,647 |
| ARBY'S | $645K – $2.5M | $38K | 4.0% | 2,316 |
Fast Food Average 126 franchises | $594K – $1.5M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 126 Fast Food franchises by location count.
SBA Loan History
Historical SBA 7(a) loan data for SLIM CHICKEN'S franchisees (2015 – 2019)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
212 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
212 Contacts Available
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Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a SLIM CHICKEN'S franchise ranges from $1,228,900 to $4,466,000. This includes a franchise fee of $30,000. Ongoing royalty fees are 5.0% of gross sales.
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