Franchise Deep Dive: Hangry Joe’s Hot Chicken Franchise Costs, Fees, Profit and Data

LAST UPDATED: September 2024

FRANCHISE WEBSITE: https://hangryjoes.com/franchise-info/

NUMBER OF LOCATIONS: 49

REPORTED COST TO GET IN: $238,500 - $421,000

REPORTED ROI (Item 19): N/A

Hangry Joe's is a dynamic and rapidly growing fast-casual restaurant chain specializing in Nashville-style hot chicken. The brand is known for its commitment to delivering bold, flavorful chicken dishes that cater to a wide range of spice preferences, from mild to extremely hot. Hangry Joe's menu features a variety of chicken-based items, including sandwiches, tenders and wings, all made with high-quality ingredients and a signature blend of spices. The brand focuses on creating a memorable dining experience with a lively, welcoming atmosphere, appealing to customers seeking both convenience and a satisfying, flavorful meal.

How Many Hangry Joe’s Locations Are There?

Hangry Joe’s was founded in 2021 in Northern Virginia by Derek Cha and Mike Kim, who sought to bring the bold flavors of Nashville-style hot chicken to a wider audience. The concept quickly gained popularity for its delicious and unique menu offerings. Hangry Joe’s began franchising shortly after its founding, expanding its footprint from its initial locations to nearly 50 restaurants across multiple states in the U.S.

What Is Hangry Joe’s Business Model?

Hangry Joe's operates a fast-casual restaurant business model centered around delivering high-quality, Nashville-style hot chicken in a convenient and customer-friendly environment. The brand's model emphasizes simplicity and efficiency, offering a focused menu that allows for quick service without compromising on flavor. Hangry Joe's leverages its proprietary recipes and spice blends to create a unique dining experience that caters to a broad range of spice preferences, from mild to intensely hot. 

The business model is designed for scalability, with a streamlined operational process that supports both single-unit and multi-unit franchise ownership. Hangry Joe's also places a strong emphasis on customer engagement, creating a lively and welcoming atmosphere that encourages repeat visits. 

How Much Can Hangry Joe’s Franchise Owners Make?

According to Hangry Joe’s 2023 franchise disclosure document (FDD):

“We do not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets … If you are purchasing an existing outlet, however, we may provide you with actual records of that outlet.”

How Much Does It Cost To Open a Hangry Joe’s Franchise?

The estimated initial investment required to open a Hangry Joe’s Hot Chicken restaurant ranges from $238,500 to $421,000. According to the FDD, the costs breakdown as follows:

• Initial Franchise Fee: $35,000
• Initial Training Travel and Expenses: $3,000 - $5,000
• Leasehold Improvements: $75,000 - $150,000
• Rent and Security Deposit: $10,000 - $20,000
• Architectural Services: $5,000 - $10,000
• Signage: $2,000 - $5,000
• Furniture, Fixtures, Equipment and Smallwares: $40,000 - $70,000
• Computer Hardware, Software and POS: $8,000 - $10,000
• Supplies/Inventory: $7,000 - $14,000
• Grand Opening Advertising: $2,000 - $5,000
• Payroll: $30,000 -$60,000
• Insurance: $2,500 - $5,000
• Professional Fees: $3,000 - $5,000
• Utilities: $1,000 - $2,000
• Additional Funds (90 Days): $15,000 - $25,000

What Is the Franchise Fee for Hangry Joe’s?

The initial franchise fee for a single Hangry Joe’s territory is $35,000.

Who Is on the Hangry Joe’s Leadership Team?

• Ki Young “Derek” Cha — Co-Founder and Chief Executive Officer
• Min Soo “Mike” Kim — Co-Founder and Chief Operations Officer

What Helpful Articles Can I Read To Learn More About Hangry Joe’s?

• Hangry Joe’s Now Open in Germantown
• U.S. Spicy Chicken Chain Hangry Joe’s Brings Heat to Japan
• Rockford’s New Chicken Restaurant to Feature One Dish That May Be Too Hot To Handle
• Hangry Joe’s Bringing Nashville Hot Chicken to High Point
• New Sacramento Hot Chicken Spot Makes You Sign a Waiver Before Trying Its Spiciest Flavor

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Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit www.1851growthclub.com and start your journey.

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