Highlights of Ace Sushi’s 2011 FDD, including its financial performance representations under Item 19.
- Ace Sushi Bars sell sushi at competitive prices as carry-out items for off-premises consumption.
- Ace Sushi Bars are generally located in mainstream grocery stores, supermarkets, and other locations owned and operated by third-party operators who have entered into oral or written agreements with the franchisor to have proprietary products provided for sale at their stores.
- Ace Sushi can be found either at sushi bar departments in stores where the franchisee prepares the sushi as an on-site sushi chef (“main sushi bar”), or pre-packaged in display and merchandising cases at stores in the general geographic vicinity of the franchisee’s main sushi bar (“satellite stores”).
- As of the end of 2010, Ace Sushi had 330 franchised and 21 company-owned outlets.