CoCard
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
+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.
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.
VelaPOS
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
Facebook
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,
Instagram
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,
PayPal
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
Snapchat
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
Twitter
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
Yelp
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
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
Every number on this page traces back to this document. Read it in full, page by page. Buy the original PDF to download, search, and annotate it.
View only A one-time purchase: the original filing, yours to keep.
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
7 operators run 7 mapped locations. 0 of them are multi-unit. Aggregate counts from the filing; no names.
Operators by units owned
Single-unit7
Top states by locations
| CA | 5 |
|---|---|
| UT | 1 |
| AZ | 1 |
Related Quick service restaurant brands
Primary franchise filings · updated June 2026. Every figure is source-traceable and QA-checked.