The Top Food Franchises of 2019
Teriyaki Madness was featured in Entrepreneur’s Top Food Franchises of 2019! Ranking in at #3 on the Asian Food list, TMAD was recognized for our start up costs and our growing number of Teriyaki Shops (We’re at 54 now!).
According to Entrepreneur contributor, Tracy Stapp Herold, “Ask someone to name a franchise, and chances are it will be a food-based one. Some of the biggest and best-loved franchise brands center around food, and perhaps that’s no surprise — after all, everybody eats. And more than that, everybody enjoys eating. Food isn’t just a necessity — it’s a desire, one that draws in both customers and franchisees.”
And we agree! Between our impressive executive team, building new processes and systems and unimaginable growth, consumers and franchisees are going crazy for the Madness! We are expected to hit a minimum 500 units by year 2026 which includes doubling TMAD’s Teriyaki Shops in 2019.
More than one fifth of franchises that applied for the 2019 Franchise 500 ranking were food based franchises. The Top Food Franchises of 2019 list was ranked off of the scores each company received from the Franchise 500 list. The company took into consideration more than 150 data points om the areas of cost, feeds, size, growth, franchise support, brand strength, and financial stability.
Check out the ranking here, you won’t have to scroll very far because TMAD ranked at the top!
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!
That’s Why We Made Entrepreneur Franchise 500…Again!
We did it again! TMAD has landed itself a spot on the 40th annual Entrepreneur Magazine Franchise 500® List for the third consecutive year! We ranked in at #465 for our outstanding growth, financial strength and brand power!
According to Franchising.com, “Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever.”
Entrepreneur uses key factors for each teriyaki franchise such as costs and fees, size and growth, support, brand strength, and stability to evaluate the best franchises. It’s no wonder that Teriyaki Madness made the list once again!
Reasons to Join the Madness:
Here’s why now is the time for you to own your own business:
• the profitability
• the yearly sales
• the business model (simple and scalable)
• the food (as hearty and delicious as it is healthy)
• the real estate (small footprint, think strip malls)
• the support team (we’ve been able to recruit the best management team in the business!)
Take the Leap…Grow With Us!
Teriyaki Madness has ranked on the elite 2018 Inc. 5000 list of the fastest-growing private companies in America!
Ranking in at number 3723, this achievement puts TMAD in rarefied company and we are included with top companies such as Microsoft, Timberland, Vizio, Intuit, Chobani, Oracle, and Zappos.com.
According to the website, “The fastest-growing companies in America are a force, notching collective revenue of more than $206.2 billion in 2017 and three-year revenue growth rates that top out at 75,661 percent.” – Inc. 5000
The Inc. 5000 award ranks companies according to percentage revenue growth over a three-year period. To qualify for the list, each private company had to have been founded and generating revenue by the first week of the year, and are able to show three full years of sales. Each company on the list has to be U.S.-based, privately held, and independent.
“If entrepreneurs are the lifeblood of an economy, consider Inc.’s ranking of 5,000 companies America’s circulatory system. Our annual report looks at these fast-growing innovators–and how they made our list.” – Inc. 5000
Visit Inc. 5000 to view the entire list of fastest growing companies in America, but we’d suggest jumping to #3723 to see our ranking!
Teriyaki Madness has made the list for Restaurant Business’ ‘The Future 50’. Ranking in at number 23, TMAD is being recognized for our system wide sales and our impressive growth. Read what Restaurant Business had to say, below!
The Future 50
There’s perhaps no better method of detecting bankable trends than examining the country’s fastest-growing small chains. These concepts earned their spots on Restaurant Business’annual Future 50 ranking by posting impressive sales growth while also differentiating their menu, format and operation, signaling that innovation is in.
#23 Teriyaki Madness
Teriyaki Madness describes its menu as “Seattle teriyaki,” a reference to the Asian-bowl joints that dot the progressive Pacific Northwest city. The fast-casual concept has grown from its first location in 2003 to about 50 stores nationwide, but it talks a much bigger story. It has signed deals for 140 new franchise stores and also expects to have 100 units open within a decade in Mexico, where its first international outpost is slated to open later this year.
Check out the full list of Future 50 winners!