How much does a Teriyaki Madness franchise cost?

The total estimated restaurant franchise cost is between $392,667 and $1,121,405. This includes the initial franchise fee of $45,000, shop opening assistance fee of $27,500, leasehold improvements ($156,000–$605,000), furniture, fixtures and equipment ($54,000–$181,000), and other startup costs. A standard 3-unit franchise package is available at $99,000. Ongoing fees include a 6% royalty on net sales and a 4% marketing fund contribution.

What are the financial requirements to open a Teriyaki Madness franchise?

Prospective franchisees need a minimum net worth of $700,000 and at least $200,000 in liquid assets to qualify for a Teriyaki Madness franchise. The total estimated initial investment ranges from $392,667 to $1,121,405 depending on location and build-out specifications.

What is the Average Unit Volume (AUV) for a Teriyaki Madness franchise?

The Teriyaki Madness Average Unit Volume (AUV) is $1.11 million.

What are the ongoing fees for a Teriyaki Madness franchise?

Teriyaki Madness franchisees pay a royalty fee of 6% of net sales and a marketing fund contribution of 4% of net sales. These ongoing costs cover continued use of the TMAD name and trademark, access to the proprietary operating system, new product development, and ongoing operational and marketing support.

Do I need restaurant experience to own a Teriyaki Madness franchise?

No prior restaurant experience is required. Teriyaki Madness provides comprehensive training including a four-day initial training in Denver, a 10-day Hands-On Training (HOT) program at a corporate location, and 10 to 14 days of on-site training at your location around grand opening.

How long does it take to open a Teriyaki Madness franchise?

Teriyaki Madness aims to complete every location within 12 months from franchise award.

How many Teriyaki Madness locations are there?

Teriyaki Madness has 200+ open shops operating across 41 states and El Salvador, with over 40% of shops being owned by multi-unit franchise owners.

What size location does a Teriyaki Madness franchise need?

The ideal Teriyaki Madness franchise location is 1,500 to 1,800 square feet. The number of employees is dependent on sales volume, but on average it can take up to 15 to 22 full- and part-time employees to run multiple shifts throughout each week at a shop.

What is included in the Teriyaki Madness franchise investment?

The total investment of $392,667 to $1,121,405 includes: initial franchise fee ($45,000), shop opening assistance fee ($27,500), site survey ($3,000–$7,500), rent and deposits ($11,782–$41,160), leasehold improvements ($156,000–$605,000), furniture, fixtures and equipment ($54,000–$181,000), architect ($22,500–$43,000), initial inventory and supplies ($15,500–$18,800), insurance ($1,500–$5,000), business licenses and permits ($1,000–$10,860), professional fees ($2,500–$4,000), exterior signage ($6,500–$26,000), interior branding ($6,800–$10,000), technology and security systems ($12,600–$21,000), grand opening promotion ($10,000), training expenses ($1,200–$4,500), and additional funds for 3 months ($10,000–$40,000).

What support does Teriyaki Madness provide to franchisees?

Teriyaki Madness provides support including real estate site selection, design and construction assistance, initial and ongoing training programs, grand opening marketing, local marketing strategies, social media support, brand awareness campaigns, and continuous operational coaching from the home office.

Teriyaki Madness has been recognized once again as a top teriyaki franchise in Entrepreneur’s Top 10 Franchise Categories for 2019! Teriyaki Madness not only made the list but we were #1 in terms of growth in our category! Ranking in under the Asian Food Category, Teriyaki Madness was featured for our 213% growth, support and initial investment! Read the full story below!

Teriyaki Franchise Makes Top 10 Franchise Categories for 2019

Officials at the company have stated, “Every December, we at Entrepreneur like to make our predictions for what will be the hottest franchise categories in the year ahead. How do we decide? For one thing, we consider the data that we’ve collected over the past year. We look at the types of businesses that are just beginning to franchise in large numbers, like poke restaurants and DIY studios.”

“We also take note of existing franchises that are experiencing a lot of growth even in more established industries, like childcare and fitness. And, to be honest, we also rely a bit on our gut. After 40-plus years of covering the franchise industry, we think we’ve developed a pretty good sense of how to tell what’s trending.”

“So whether you’re interested in getting in on the ground floor of the next big thing or investing in a franchise industry that’s already proven itself and looks to continue going strong, consider this list of the hottest franchise categories for 2019.”

“As you read through it, keep in mind that it is not intended as an endorsement of any particular company. No matter what franchise you’re considering, trending or not, it’s vital that you do your homework before you invest. Read the franchise disclosure document, consult with an attorney and an accountant, and talk to as many existing and former franchisees as you can to find out if the opportunity is right for you.”

READ THE FULL ARTICLE HERE: https://www.entrepreneur.com/article/323028

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