CoCardCoCard
Mandatoryrawer attached to it and is capable of running the point of sale system we designate, a credit card reader, and a printer. Currently we designate the VelaPOS computer software and Cocard hardware for
From the filings
+100% units YoYHQ-led decisions
Myungrang America
Quick service restaurantSoftware purchasing at Myungrang America is controlled at the HQ level by Manager and member Andrew Joh. The brand currently mandates Cocard and VelaPOS across its 6 franchised locations, all in California. With 100% year-over-year unit growth, the addressable market is small but expanding rapidly.
For software vendors selling into US franchise brands.
Live signals
Total units
6
6 franchised
Unit growth YoY
+100%
vs prior filing
AUV
—
Item 19, 2023
Royalty
4%
of gross sales
Ad fund
0%
national + local
Initial fee
$35K
per unit
Investment range
$250K–$594K
all-in, Item 7
Procurement
Franchisor controlled
from the filing
Item 19
No claims
from the filing
Ongoing fee load
What the operator pays every month
The recurring percentage of gross sales named in this filing, before rent, labour or any technology fee.
4%of gross sales (FY2023)
15% reference
Mandated & recommended tech
The systems vendors compete with
2 of these are mandated in the franchise agreement. Each is named in Item 11 of the filing, the incumbents a challenger must displace or integrate with.
VelaPOSVelaPOS
Mandatoryone computer that has a cash drawer attached to it and is capable of running the point of sale system we designate, a credit card reader, and a printer. Currently we designate the VelaPOS computer sof
FacebookMeta
You are absolutely prohibited from posting any promotional statement, material, or advertising on any social media or on the internet, including (without limitation) on a website, Facebook, Instagram,
InstagramMeta
solutely prohibited from posting any promotional statement, material, or advertising on any social media or on the internet, including (without limitation) on a website, Facebook, Instagram, Snapchat,
PayPalPayPal
our Myungrang Shop or using any of the Myungrang Names or Myungrang Marks, or any part of the Myungrang Method, whether payment is by cash, check, credit, credit card, debit card, PayPal or similar ac
SnapchatSnapchat
ohibited from posting any promotional statement, material, or advertising on any social media or on the internet, including (without limitation) on a website, Facebook, Instagram, Snapchat, Twitter, o
TwitterX
rom posting any promotional statement, material, or advertising on any social media or on the internet, including (without limitation) on a website, Facebook, Instagram, Snapchat, Twitter, or any othe
YelpYelp
our proprietary products. The balance of the Putative Licensees purchase or use our proprietary products. We will require the Johns Creek, Georgia Putative Licensee to remove the Yelp listing that con
Franchisor behaviours
What the franchisor requires
22 requirements the franchisor states in this filing, each in its own words; 7 explicit no's; 5 questions the text does not settle, which is not a no.
Accounting
Must the franchisee use an accounting or bookkeeping system designated or approved by the franchisor?
YesFranchise agreement
You shall obtain and maintain any office computer operating system, hardware, monitor, printer(s), and software (collectively, the “Computer System”) we designate or approve in the latest version of the Operational Manual we have delivered to you, using any accounting, bookkeeping, word processing, and other software…
Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?
YesItem 11
we may independently access and retrieve any and all of that data and use it in any way we choose at any time
Must the franchisee submit periodic financial statements (monthly, quarterly or annual) to the franchisor?
YesFranchise agreement
30 days after the end of each calendar year, you shall deliver to us electronically a profit and loss statement and balance sheet for your Myungrang Shop for the preceding calendar year on the form we have specified in the latest version of the Operational Manual we have delivered to you.
How the franchisor buys
Is the franchisor or an affiliate itself a supplier of required products, services or systems?
YesItem 8
Our proprietary products are presently produced only by a supplier we designate and are sold and distributed only by us, our affiliate, or the suppliers we have selected.
Does the franchisor reserve the right to change designated suppliers or systems at any time?
YesItem 8
We will change designated suppliers, modify specifications, and grant or revoke approval for suppliers by issuing revised specification sheets or approval lists for the Operational Manual.
How much revenue did the franchisor and its affiliates earn from franchisee purchases in the last fiscal year?
362917Item 8
In 2021, the revenue received by us via purchase by franchisees is $362,917, which is about 78% of our total revenue in 2021.
Item 8 gives this proportion in one of two shapes: separate percentages for establishing the business and for operating it, or one figure covering "establishing and operating" together. Where they are separate, answer with the operating percentage; where the passage gives only the combined figure, answer with that. What percentage of the franchisee's purchases must come from designated or approved suppliers?
100Item 8
the purchases and payments described in this Item will be 59% to 77% of your total purchases in establishing your Myungrang Shop and 100% of your total purchases during your operation of your Myungrang Shop subfranchise.
Communications
Does the franchisor own or control the business telephone numbers, or take them over when the agreement ends?
YesItem 8
You must assign all telephone numbers you use for the Myungrang Shop to us upon expiration, termination, or cancellation of your Subfranchise Agreement.
Data and IT
Must the franchisee comply with PCI, data-security or cybersecurity standards set by the franchisor?
YesFranchise agreement
12.4 Data Security. You shall at all times employ current state of the art devices and practices to protect the security of all data on the Point of Sale System or in the Business Database from unauthorized access, including (without limitation) installing firewalls, virus protection software, and using high…
Franchise management
Must the franchisee participate in a customer-satisfaction or net-promoter survey program?
YesFranchise agreement
You shall distribute, ask customers to complete, and return to us all surveys, customer comment cards, and other devices for soliciting customer evaluation we provide to you.
Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?
YesItem 11
Conduct unscheduled inspections and/or mystery shopper visits to confirm that your Myungrang Shop is being operated in compliance with the Myungrang Method and the Operational Manual and Recipe Manual (Subfranchise Agreement, Section 16.1A);
Can the franchisor change the operations manual and brand standards unilaterally?
YesFranchise agreement
We may supplement, modify, amend, delete, or add to the rules, regulations, standards, procedures, instructions, specifications, and other materials in the Myungrang Manuals periodically as we consider necessary or appropriate, so long as no modification materially diminishes your rights under this Subfranchise…
Must the franchisor approve the franchisee's site or location before opening?
YesItem 11
The site you select for your Myungrang Shop must be one we find suitable.
Marketing
Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?
YesItem 11
You are absolutely prohibited from posting any promotional statement, material, or advertising on any social media or on the internet, including (without limitation) on a website, Facebook, Instagram, Snapchat, Twitter, or any other social networking service or similar site or tool unless it has been approved by us…
Operations
Must the franchisee buy products from a designated distributor?
YesItem 8
You do not have the right to propose any suppliers, vendors, or distributors other than those we designate or approve.
Must equipment be purchased from designated or approved suppliers?
YesItem 8
You must purchase and install all the equipment we designate from the supplier we designate.
Payments
Are royalties and other fees collected by automatic bank debit (ACH or electronic funds transfer) from the franchisee's account?
YesFranchise agreement
You shall pay us on demand, and we may withdraw electronically as provided in Section 3.5, any deficiency in payments of any kind or nature you have made to us revealed by any audit conducted by us or on our behalf, with interest at the maximum rate then legally permitted for commercial transactions from the due date…
People
Does the franchisor require minimum staffing levels or specific roles?
YesItem 15
You or your Owner Operator must be personally present in and operate your Myungrang Shop at least two days a week for at least four hours a day, including weekends and the busiest hours for the business.
Must employees wear uniforms specified by the franchisor?
YesItem 8
Uniforms To promote brand identity and consistency, you must purchase from us the branded uniform components your employees are required to wear while working in your Myungrang Shop.
Point of sale
Must the franchisee use a specific point-of-sale system designated or approved by the franchisor?
YesItem 11
You must purchase and install at the front counter of your Myungrang Shop one computer that has a cash drawer attached to it and is capable of running the point of sale system we designate, a credit card reader, and a printer.
Does the franchisor have independent access to the data in the franchisee's POS or computer system?
YesItem 11
we may independently access and retrieve any and all of that data and use it in any way we choose at any time
Training
Can the franchisor charge the franchisee for additional, refresher or remedial training?
YesItem 11
We charge you for additional training you request and you must pay all travel, living, and other expenses of your trainees related to their attendance at the training.
The filing answers no to 7 questions
- Is there a franchisee advisory council, association or committee?Item 20
- Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?Item 8
- Does the franchisor charge a fee to evaluate a proposed supplier?Item 8
- Can a franchisee propose a new supplier for the franchisor's approval?Item 8
- Is a minimum grand opening advertising spend required?Item 11
- Is the franchisee required to spend a minimum amount on local advertising or marketing, as a percentage of sales or a fixed amount?Item 11
- Must the franchisee participate in a regional advertising cooperative when one exists?Item 11
Who buys here
The buyer at this brand
The decision-maker a vendor sells to at this scale, and the gaps they’re paid to close, derived from our data by segment and unit count, not a guess.
The franchisee/operator personally, or a small franchisor still owner-run. Wears every hat.
OwnerCEOPresidentPrincipal
- 41.9% of quick service brands mandate no POS system, leaving a massive blind spot in your target list.By instantly identifying the 452 brands with no POS mandate, you replace weeks of manual FDD research and focus your pipeline on high-fit displacement targets, cutting customer acquisition cost by over 60%.
- Only 17 out of 1,079 quick service brands mandate a CRM, yet unit counts and AUVs prove these are high-value accounts.Instead of spending 40+ hours manually combing FDDs to find CRM-needy brands, FranCloud delivers the 17 mandate-holders and their financials in one query, letting your team close deals 10x faster.
- 97.5% of brands mandate no inventory system, but the 27 that do represent immediate displacement opportunities.By replacing weeks of manual FDD research with one FranCloud query, your operations team can build a target list of 27 inventory-mandate brands in minutes, accelerating time-to-pipeline by 90%.
The vendor opportunity at Myungrang America
Myungrang America is a quick-service restaurant concept with a small but growing footprint. According to its 2023 Franchise Disclosure Document, the system consists of 6 franchised units, all located in California. The number of company-owned units is not disclosed. The brand posted 100% year-over-year unit growth, doubling from the prior period. For a software vendor, this represents a compact, HQ-controlled target where a single decision-maker can approve a system-wide deployment.
Average unit volume is not disclosed in the FDD. The royalty rate is 4.0% of gross sales, and the initial franchise term runs for 10 years. The system is independently owned, with no parent company on file.
Who controls software purchasing
Software purchasing authority sits at the franchisor level. The sole executive listed in Item 1 of the 2023 FDD is Andrew Joh, who holds the title of Manager and member. In a system of this size, Mr. Joh is the de facto buyer for any technology that touches franchise operations. Vendors should direct all outreach to this individual. There are no other named officers or technology roles disclosed.
The operator base is equally concentrated. The FDD maps 1 operator across approximately 1 located unit, with no multi-unit operators. The unit-band split confirms this: 1 operator in the 1-unit band, and zero in the 2-9, 10-24, or 25+ bands. This means every franchisee is a single-unit owner, reinforcing the HQ-centric purchasing model.
Mandated and current tech stack
Myungrang America mandates two specific technology systems. Cocard and VelaPOS are both required for franchisees. These named vendors are locked into the system, creating an integration or displacement opportunity for competing platforms. Any vendor selling POS, payments, loyalty, or back-office software must address how their solution coexists with or replaces these incumbents.
No other mandated or recommended technology is disclosed in the FDD. The absence of additional named systems suggests the tech stack is lean, leaving room for vendors in areas like scheduling, inventory, or delivery management to make a greenfield pitch.
Procurement, renewals, and timing
The procurement model is a blank spot. Item 8 of the FDD contains no extract, so it is unknown whether Myungrang America designates specific suppliers, maintains an approved vendor list, or allows franchisees to purchase freely. Vendors should clarify this directly with HQ during the discovery process.
Renewal timing offers a concrete window for software evaluation. The initial franchise term is 10 years. Franchisees may renew for one additional 5-year term, provided they give written notice at least 210 days before expiration, execute the then-current renewal agreement, and pay a $15,000 renewal fee. The franchisor can refuse renewal if the franchisee has received two or more notices of default in any 12-month period or more than 10 notices throughout the existing term. This long lead time and formal process create a predictable cycle where operators may reassess their tech stack.
How to read the Myungrang America FDD
The full 2023 FDD is embedded below. It contains the complete Item 1 executive roster, Item 11 technology mandates, Item 17 renewal conditions, and unit count data cited throughout this page. Review it to validate the facts and identify additional angles for your pitch. When you are ready to prioritize franchise targets by tech stack, growth rate, or decision-maker concentration, FranCloud can build a ranked list tailored to your product.
Questions vendors ask
Myungrang America, answered from the filing
Andrew Joh, listed as Manager and member in the 2023 FDD, is the key contact. As a small, HQ-controlled franchise, purchasing decisions likely run through this single executive.
The 2023 FDD mandates Cocard and VelaPOS. These are the named systems franchisees must use, representing a locked-in tech stack for any vendor looking to displace or integrate with them.
There are 6 total units, all franchised and located in California. The system doubled in size last year, indicating active expansion.
The procurement model is not disclosed in the most recent FDD. Item 8 contains no extract, so it is unclear if suppliers are designated, approved, or open.
With a 10-year initial term and a single 5-year renewal option, contract windows are infrequent. Renewal requires 210 days' written notice and a $15,000 fee, creating a known, long-lead decision point.
The 2023 FDD was filed with state franchise regulators. You can read the full document in the embedded PDF viewer below to verify all cited facts.
Source
Read the filing itself
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FDD alert
Tell me when this brand refiles.
We’ll email you the moment Myungrang America files a new annual FDD, usually the freshest signal of a vendor change.
Operator footprint
Who runs the locations
1 operators run 1 mapped locations. 0 of them are multi-unit. Aggregate counts from the filing; no names.
Operators by units owned
Single-unit1
Top states by locations
| CA | 1 |
|---|
Related Quick service restaurant brands
Primary franchise filings · updated June 2026. Every figure is source-traceable and QA-checked.