Teriyaki Madness was featured in QSR’s 11 Franchises on the Cusp of Greatness. Read what QSR had to say here, or keep reading below for a peak into the full story.
QSR – Fueled for Growth
We’re all looking for the next big thing. In the restaurant industry, concepts arrive daily and look the part. But getting there is another story. Restaurants that sped to 1,000-plus units that began from humble bases are tough to come by, and frankly, that kind of four-digital roller coaster isn’t for everybody. In this growth conversion, franchising remains a powerful tool for brands of all sizes and backgrounds to scale up. It might not be for every concept, but there’s no denying its value for many operators hoping to bring their brand to new audiences worldwide and in the U.S.
Denver-based Teriyaki Madness calls itself “the fastest growing Asian restaurant concept in the nation,” and landed on Entrepreneur Magazine’s Franchise 500 for the second year in a row this past year. The company credits this to average unit volumes of $1,096,047 and profits up to 26 percent. In mid-February, the company unveiled expansion plans for Los Angeles that call for 20-25 additional units through franchise partnerships and strategic development over the next five years.
The 41-unit company also has a similar deal in place for Miami. The company is directing expansion to the area. Teriyaki Madness expects to open more than 100 units in the next two years, and the company is a believer in transparency, and includes an Item 19 which shows every Profit & Loss statement for each of the Teriyaki Shops open two-plus years. Teriyaki Madness was founded in 2003 and currently has franchise agreements for nearly 150 location in the U.S. It landed on the top half of the Inc. 5000 list in 2017 with three-year sales growth of 171 percent.