In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for a Teriyaki Madness franchise, based on Item 7 of the company’s 2023 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Teriyaki Madness franchise, based on Items 5 and 6 of the company’s 2023 FDD

Section III – Number of franchised and company-owned Teriyaki Madness outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD

Section IV – News updates on the Teriyaki Madness franchise opportunity

Section V – Presentation and analysis of Teriyaki Madness’ financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:

• 2022, 2021, 2020, and 2019 average, median, high, and low gross sales, by quartile and overall, for the United States franchised Teriyaki Madness shops that met the following criteria: (a) have been in operation for at least one year; (b) have had no change of ownership within such one-year period; (c) were not managed by a management company affiliated with the franchisor; (d) were in traditional locations; (e) are not currently for sale; and (f) were in good standing of their Franchise Agreement (“Conditions”)

• 2022 vs. 2021, 2021 vs. 2020, 2020 vs. 2019, 2019 vs. 2018, and 2018 vs. 2017 total same-shop gross sales growth percentage for all Teriyaki Shops that were open for the entirety of the two years compared, and the 2022 vs. 2020, 2022 vs. 2019, 2022 vs. 2018, 2022 vs. 2017, 2021 vs. 2019, 2021 vs. 2018, and 2021 vs. 2017 total stacked same-shop gross sale growth percentage for all Teriyaki Madness shops between the stated years that were open for the entirety of the multi-year period compared

Section VI – Key ratios, comparables, computations, and analyses for the Teriyaki Madness franchise opportunity (exclusive content for Platinum subscribers)

Section I – Teriyaki Madness Franchise Costs

• Teriyaki Madness franchise costs, based on Item 7 of the company’s 2023 FDD:

• Initial Franchise Fee:  $38,250 to $45,000
• Shop Opening Assistance Fee:  $27,500
• Site Survey:  $2,000 to $6,500
• Rent, Security Deposit, Utility Deposit:  $7,000 to $18,000
• Permit Expeditor:  $0 to $3,000
• Leasehold Improvements:  $98,000 to $328,000
• Furniture, Fixtures, and Equipment:  $58,800 to $146,000
• Architect:  $11,500 to $23,000
• Interior Branding/Graphics:  $4,800 to $9,000
• Security and Music System:  $1,600 to $2,000
• Point-of-Sale System:  $10,000 to $15,000
• Office Equipment and Supplies:  $1,000 to $4,000
• Grand Opening Promotion:  $10,000
• Uniforms:  $600 to $1,000
• Initial and Hands-On Training Expenses:  $1,200 to $4,500
• Opening Extension Fee:  $0 to $3,000
• Additional Funds – 3 Months:  $10,000 to $30,000
• Total Estimated Teriyaki Madness Franchise Costs:  $305,750 to $731,260

Section II – Teriyaki Madness’ Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Teriyaki Madness’ initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:

• Initial Franchise Fee:  $38,250 to $45,000
• Royalty Fee:  6% of Net Sales
• Marketing Fund Contribution:  3% of Net Sales

Section III – Number of Franchised and Company-Owned Teriyaki Madness Outlets

Franchised

2020

• Outlets at the Start of the Year:  60
• Outlets at the End of the Year:  88
• Net Change:  +28

2021

• Outlets at the Start of the Year:  88
• Outlets at the End of the Year:  100
• Net Change:  +12

2022

• Outlets at the Start of the Year:  100
• Outlets at the End of the Year:  121
• Net Change:  +21

Company-Owned

2020

• Outlets at the Start of the Year:  2
• Outlets at the End of the Year:  0
• Net Change:  -2

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  1
• Net Change:  +1

2022

• Outlets at the Start of the Year:  1
• Outlets at the End of the Year:  0
• Net Change:  -1

Section IV – News Updates on the Teriyaki Madness Franchise

• Teriyaki Madness Expanding Thanks to FranShares Partnership

• Teriyaki Madness to Double Openings in 2023

• Teriyaki Madness Is Proud to Announce 37 New Franchisees with 103 New Locations Sold in 2022

• Teriyaki Madness’ New VP of Real Estate Development Leveraging In-Depth Franchising Experience

• Teriyaki Madness Focuses on More Expansion as It Passes 100 Units

• Teriyaki Madness Closing Out Summer with 91 New Franchise Locations Sold Among 27 New Franchisees

• Teriyaki Madness Ranked No. 277 on Entrepreneur’s 2023 Franchise 500 List

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Teriyaki Madness Franchise (Item 19, 2023 FDD)

Part 1 – Gross Sales Table

• The information in the Gross Sales Table below contains Gross Sales information obtained from Teriyaki Madness franchisees’ point-of-sale systems and is a historical financial performance representation for the United States franchised Teriyaki Shops that met the following criteria: (a) have been in operation for at least one year; (b) have had no change of ownership within such one-year period; (c) were not managed by a management company affiliated with the franchisor; (d) were in traditional locations; (e) are not currently for sale; and (f) were in good standing of their Franchise Agreement (“Conditions”).

• Teriyaki Madness provided the financial information for those Teriyaki Shops that met the Conditions for each calendar year (the 12-month period commencing on January 1 and ending on December 31) from 2019 to 2022.

2022

• High Gross Sales:  $2,728,790
• Low Gross Sales:  $473,175
• Average Gross Sales:  $1,105,186
• Number of Teriyaki Shops at or Above Average Gross Sales:  29
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  43%
• Median Gross Sales:  $1,024,305
• Number of Teriyaki Shops at or Above Median Gross Sales:  34
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  50%

2021

• High Gross Sales:  $2,316,476
• Low Gross Sales:  $430,510
• Average Gross Sales:  $1,047,382
• Number of Teriyaki Shops at or Above Average Gross Sales:  22
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  35%
• Median Gross Sales:  $928,045
• Number of Teriyaki Shops at or Above Median Gross Sales:  31
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  50%

2020

• High Gross Sales:  $1,728,765
• Low Gross Sales:  $407,383
• Average Gross Sales:  $923,939
• Number of Teriyaki Shops at or Above Average Gross Sales:  20
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  45%
• Median Gross Sales:  $864,937
• Number of Teriyaki Shops at or Above Median Gross Sales:  22
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  50%

2019

• High Gross Sales:  $1,527,926
• Low Gross Sales:  $411,143
• Average Gross Sales:  $920,674
• Number of Teriyaki Shops at or Above Average Gross Sales:  15
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  45%
• Median Gross Sales:  $822,516
• Number of Teriyaki Shops at or Above Median Gross Sales:  17
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  52%

• Teriyaki Shops owned by the franchisor’s predecessor’s affiliate do not pay a Royalty Fee but do contribute Marketing Fund Contributions. These Teriyaki Shops are included in the 2019, 2020, 2021, and 2022 data.

• “Gross Sales” means the revenues received from the sale of food, beverages, services, and other items from in-store dining, carry-out, online orders, delivery, third-party voucher sales, catering, and otherwise, including the sale of food and beverages, redemption of gift cards, and merchandise and all other income and consideration of every kind and nature related to the Teriyaki Madness Business or Teriyaki Madness Business operations (including all proceeds from any business interruption insurance) whether for cash or credit and regardless of collection in the case of credit, but does not include any sales taxes or other taxes collected from customers for, and thereafter paid directly to, the appropriate taxing authority.

• As of December 31, 2022, Teriyaki Madness had 121 franchised Teriyaki Shops. The information in the table above is a historical financial performance representation for the 68 franchised Teriyaki Shops that met the Conditions. Fifty-three Teriyaki Shops did not meet this requirement and were not included. Twenty-eight were not open for at least one year, seven were managed by a management company affiliated with the franchisor, three were in non-traditional spaces, nine had a change of franchisee ownership within the one-year period, and six were for sale.

• As of December 31, 2021, Teriyaki Madness had 100 franchised Teriyaki Shops. The information in the table above is a historical financial performance representation for the 62 franchised Teriyaki Shops that met the Conditions. Thirty-eight Teriyaki Shops did not meet this requirement and were not included. Twenty were not open for at least one year, 11 were managed by a management company affiliated with the franchisor, three were in a non-traditional space, two had a change of franchisee ownership within the one-year period, and two were for sale.

• As of December 31, 2020, Teriyaki Madness had 88 franchised Teriyaki Shops. The information in the table above is a historical financial performance representation for the 44 franchised Teriyaki Shops that met the Conditions. Forty-four Teriyaki Shops did not meet this requirement and were not included. Thirty-one were not open for at least one year, six were managed by a management company affiliated with the franchisor and five of the six are also included in the 31 that opened in 2020, three were in a non-traditional space, and eight had a change of franchisee ownership within the one-year period, one of which is included in the 31 that opened in 2020, two franchised shops were not in good standing and could not be included.

• As of December 31, 2019, Teriyaki Madness had 60 franchised Teriyaki Shops. The information in the table above is a historical financial performance representation for the 33 franchised Teriyaki Shops that met the Conditions. Twenty-seven Teriyaki Shops did not meet this requirement and were not included. Twenty-five were not open for at least one year, and two were in a non-traditional space.

• The above financial performance representation figures do not reflect the costs of sales, operating expenses, or other costs or expenses that must be deducted from the Gross Sales figures to obtain your net income or profit.

• Some Teriyaki Madness Businesses have generated the sales described above. Your individual financial results are likely to differ. There is no assurance you’ll generate as much sales as these Teriyaki Madness Businesses.

Part 2 – Annual Gross Sales by Quartile

• The information in the Gross Sales Tables below contains Gross Sales information broken into 4 Quartiles obtained from Teriyaki Madness franchisees’ point-of-sale systems and is a historical financial performance representation for the United States franchised Teriyaki Shops that met the following criteria: (a) have been in operation for at least one year; (b) have had no change of ownership within such one-year period; (c) were not managed by a management company affiliated with the franchisor; (d) were in traditional locations; (e) are not currently for sale; and (f) were in good standing of their Franchise Agreement (“Conditions”).

• Teriyaki Madness provided the financial information for those Teriyaki Shops that met the Conditions for each calendar year (the 12-month period commencing on January 1 and ending on December 31) from 2019 to 2022.

Quartile 1: Gross Sales Table

2022

• High Gross Sales:  $2,728,790
• Low Gross Sales:  $1,382,092
• Average Gross Sales:  $1,702,332
• Number of Teriyaki Shops at or Above Average Gross Sales:  6
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  35%
• Median Gross Sales:  $1,649,915
• Number of Teriyaki Shops at or Above Median Gross Sales:  9
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  53%

2021

• High Gross Sales:  $2,316,476
• Low Gross Sales:  $1,269,281
• Average Gross Sales:  $1,650,480
• Number of Teriyaki Shops at or Above Average Gross Sales:  7
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  47%
• Median Gross Sales:  $1,628,273
• Number of Teriyaki Shops at or Above Median Gross Sales:  8
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  53%

2020

• High Gross Sales:  $1,728,765
• Low Gross Sales:  $1,189,396
• Average Gross Sales:  $1,410,104
• Number of Teriyaki Shops at or Above Average Gross Sales:  4
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  36%
• Median Gross Sales:  $1,358,279
• Number of Teriyaki Shops at or Above Median Gross Sales:  6
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  55%

2019

• High Gross Sales:  $1,527,926
• Low Gross Sales:  $1,227,210
• Average Gross Sales:  $1,373,332
• Number of Teriyaki Shops at or Above Average Gross Sales:  3
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  38%
• Median Gross Sales:  $1,357,721
• Number of Teriyaki Shops at or Above Median Gross Sales:  4
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  50%

Quartile 2: Gross Sales Table

2022

• High Gross Sales:  $1,363,301
• Low Gross Sales:  $1,025,718
• Average Gross Sales:  $1,180,332
• Number of Teriyaki Shops at or Above Average Gross Sales:  7
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  41%
• Median Gross Sales:  $1,142,824
• Number of Teriyaki Shops at or Above Median Gross Sales:  9
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  53%

2021

• High Gross Sales:  $1,264,218
• Low Gross Sales:  $929,236
• Average Gross Sales:  $1,070,098
• Number of Teriyaki Shops at or Above Average Gross Sales:  7
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  44%
• Median Gross Sales:  $1,036,290
• Number of Teriyaki Shops at or Above Median Gross Sales:  8
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  50%

2020

• High Gross Sales:  $1,173,876
• Low Gross Sales:  $865,822
• Average Gross Sales:  $989,024
• Number of Teriyaki Shops at or Above Average Gross Sales:  4
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  36%
• Median Gross Sales:  $963,074
• Number of Teriyaki Shops at or Above Median Gross Sales:  6
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  55%

2019

• High Gross Sales:  $1,222,108
• Low Gross Sales:  $900,751
• Average Gross Sales:  $1,025,250
• Number of Teriyaki Shops at or Above Average Gross Sales:  4
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  50%
• Median Gross Sales:  $1,019,610
• Number of Teriyaki Shops at or Above Median Gross Sales:  4
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  50%

Quartile 3: Gross Sales Table

2022

• High Gross Sales:  $1,022,892
• Low Gross Sales:  $809,880
• Average Gross Sales:  $899,385
• Number of Teriyaki Shops at or Above Average Gross Sales:  8
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  47%
• Median Gross Sales:  $894,235
• Number of Teriyaki Shops at or Above Median Gross Sales:  9
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  53%

2021

• High Gross Sales:  $926,855
• Low Gross Sales:  $783,883
• Average Gross Sales:  $843,504
• Number of Teriyaki Shops at or Above Average Gross Sales:  6
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  38%
• Median Gross Sales:  $832,834
• Number of Teriyaki Shops at or Above Median Gross Sales:  8
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  50%

2020

• High Gross Sales:  $864,053
• Low Gross Sales:  $643,897
• Average Gross Sales:  $772,239
• Number of Teriyaki Shops at or Above Average Gross Sales:  5
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  45%
• Median Gross Sales:  $771,687
• Number of Teriyaki Shops at or Above Median Gross Sales:  6
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  55%

2019

• High Gross Sales:  $822,516
• Low Gross Sales:  $686,492
• Average Gross Sales:  $760,073
• Number of Teriyaki Shops at or Above Average Gross Sales:  5
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  56%
• Median Gross Sales:  $761,644
• Number of Teriyaki Shops at or Above Median Gross Sales:  5
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  56%

Quartile 4: Gross Sales Table

2022

• High Gross Sales:  $788,627
• Low Gross Sales:  $473,175
• Average Gross Sales:  $638,693
• Number of Teriyaki Shops at or Above Average Gross Sales:  9
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  53%
• Median Gross Sales:  $656,394
• Number of Teriyaki Shops at or Above Median Gross Sales:  9
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  53%

2021

• High Gross Sales:  $780,483
• Low Gross Sales:  $430,510
• Average Gross Sales:  $637,523
• Number of Teriyaki Shops at or Above Average Gross Sales:  9
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  60%
• Median Gross Sales:  $649,253
• Number of Teriyaki Shops at or Above Median Gross Sales:  8
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  53%

2020

• High Gross Sales:  $637,571
• Low Gross Sales:  $407,383
• Average Gross Sales:  $524,389
• Number of Teriyaki Shops at or Above Average Gross Sales:  8
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  73%
• Median Gross Sales:  $537,710
• Number of Teriyaki Shops at or Above Median Gross Sales:  6
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  55%

2019

• High Gross Sales:  $662,533
• Low Gross Sales:  $411,143
• Average Gross Sales:  $544,114
• Number of Teriyaki Shops at or Above Average Gross Sales:  4
• Percentage of Teriyaki Shops at or Above Average Gross Sales:  50%
• Median Gross Sales:  $532,562
• Number of Teriyaki Shops at or Above Median Gross Sales:  4
• Percentage of Teriyaki Shops at or Above Median Gross Sales:  50%

Part 3 – Same-Shop Sales Growth Table

• The information in the Same-Shop Sales Growth Table below contains total same-shop Gross Sales growth percentage for all Teriyaki Shops that were open for the entirety of the two years compared and the total stacked same-shop Gross Sale growth percentage for all Teriyaki Shops between the stated years that were open for the entirety of the multi-year period compared.

• The information was derived from information obtained from Teriyaki Madness franchisees’ point-of-sale systems and is a historical financial performance representation for the United States franchised Teriyaki Shops.

Year-Over-Year SSS Growth

• 2022 vs. 2021 (73 Shops):  5%
• 2021 vs. 2020 (52 Shops):  23%
• 2020 vs. 2019 (35 Shops):  7%
• 2019 vs. 2018 (28 Shops):  4%
• 2018 vs. 2017 (21 Shops):  8%

Stacked Year-Over-Year SSS Growth – 2022 & 2021

2022 Stacked SSS

• 2022 vs. 2020 (46 Shops):  33%
• 2022 vs. 2019 (30 Shops):  41%
• 2022 vs. 2018 (23 Shops):  44%
• 2022 vs. 2017 (17 Shops):  41%

2021 Stacked SSS

• 2021 vs. 2019 (34 Shops):  32%
• 2021 vs. 2018 (25 Shops):  39%
• 2021 vs. 2017 (17 Shops):  46%

• For the percentage change in same-shop sales, the following number of Teriyaki Shops were excluded from the following year comparisons because they operated for a period of less than two years: 48 Teriyaki Shops in the 2022 vs. 2021 comparison, 49 Teriyaki Shops in the 2021 vs. 2020 comparison, 52 Teriyaki Shops in the 2020 vs. 2019 comparison, 34 Teriyaki Shops in the 2019 vs. 2018 comparison, and 23 Teriyaki Shops in the 2018 vs. 2017 comparison.

• For the percentage change in stacked same-shop sales, the following number of Teriyaki Shops were excluded from the following year comparisons because they operated for a period of less than two years: 75 Teriyaki Shops in the 2022 vs. 2020 comparison, 91 Teriyaki Shops in the 2022 vs. 2019 comparison, 98 Teriyaki Shops in the 2022 vs. 2018 comparison, and 104 Teriyaki Shops in the 2022 vs. 2017 comparison.

• The above financial performance representation figures do not reflect the costs of sales, operating expenses, or other costs or expenses that must be deducted from the Gross Sales figures to obtain your net income or profit.

Section VI – Teriyaki Madness Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️