TMAD Ranks #7 on Fast Casual’s 2019 Top 100 Movers and Shakers!
Fast Casual – #7 Teriyaki Madness
Denver-based Teriyaki Madness saw 2018 as an opportunity to push outside its four walls. The 50-unit Asian fast casual brand rolled out delivery and catering and launched a mobile app for ordering, pickup and connecting with many of the third-party delivery apps.
Those upgrades paid off as the chain reported that its off-premise sales increased 30%along with traffic counts and average ticket size in 2018. Same-store sales were up 12%, which was 19 times above the industry average. Profitability was also up 23%, and AUVs exceeded $1 million.
“We’re on a constant quest to keep our guests happy and satisfied,” CEO Michael Haith said.
The brand’s 2019 growth plan calls for an additional 50 shops to open in new states as well as international growth. It will also sign agreements to develop up to 108 shops.
Also helping Teriyaki Madness increase sales and profitability was the addition of a variety of technology deployments, including Revel’s POS iPad-based system, Chatmeter’s social media and reputation management platform, ProfitKeeper to manage profit and losses, and Naranga as a digital launch platform, support center and digital library for franchisees.
See the half-page spread in the 2019 list, and be sure to look for us as #1 on the 2020 list!
Check Out Our Vice President of Supply Chain Accepting the Award!
Got FOMO? Buy Yourself a Teriyaki Shop!