Teriyaki Madness Business(es)
Franchise research report · reviewed 2026 disclosure data
Researching Teriyaki Madness Business(es) franchise opportunities? Every figure below is cited to the FDD.
Teriyaki Madness operates fast-casual restaurants serving Japanese-style teriyaki dishes, other specialty foods and beverages. Franchisees prepare meals to order in approved retail shops, using marinated grilled meats, proprietary sauces and the brand’s operating system.
Headline figures
Teriyaki Madness Business(es) quick facts
- Is Teriyaki Madness Business(es) a franchise?
- Yes. Teriyaki Madness Business(es) offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 197 franchised and 2 company-owned outlets (2026 FDD, Item 20, PDF p. 82).
- How much does it cost to open a Teriyaki Madness Business(es) franchise?
- The Teriyaki Madness Business(es) Franchise Disclosure Document reports an estimated initial investment of $392,667–$1,121,405 (2026 FDD, Item 7, PDF p. 24). This is the franchisor's disclosed estimate, not a quote. Details
- What is the Teriyaki Madness Business(es) initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $99,000 (2026 FDD, Item 5, PDF p. 14). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Teriyaki Madness Business(es) charge?
- The disclosed ongoing royalty is 6% (2026 FDD, Item 6, PDF p. 15). The brand or advertising fund contribution is 4% (2026 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
- Does Teriyaki Madness Business(es) disclose financial performance (Item 19)?
- Yes. The Teriyaki Madness Business(es) FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 66). Figures apply only to the locations and period each one covers. Details
- How many Teriyaki Madness Business(es) locations are there?
- The FDD reports 199 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 82). Existing locations do not indicate territory availability. Details
- Is Teriyaki Madness Business(es) a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $392,667 – $1,121,405 in the 2026 FDD (Item 7); several initial fee options apply.
- 2Item 19 covers 17 separate groups: revenue for 96 locations; revenue for 105 locations; revenue for 140 locations; revenue for 105 locations; revenue for 140 locations; revenue for 105 locations; revenue for 140 locations; revenue for 105 locations; revenue for 96 locations; revenue for 140 locations; revenue for 105 locations; revenue for 140 locations; revenue for 105 locations; revenue for 96 locations; revenue for 96 locations; revenue for 96 locations; revenue for 96 locations. They are not combined.
- 3Outlets grew by 41 in 2025, to 199 (Systemwide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Teriyaki Madness Business(es) head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 24
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 14
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty FeeMain ongoing fee
22 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
17 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Revenue · 96 locations
- Who is counted
- United States franchised Teriyaki Shops meeting the Conditions
- Period
- Average
- Excluded
- 42 shops were excluded: 27 not open for at least one year, 4 in non-traditional spaces, and 1 with incomplete Profit and Loss statements; the filing also states 42 did not meet the requirement.
- Method
- Historical Gross Sales table; calendar year
Locations counted: not stated in the reviewed record
Revenue · 105 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 1 meeting the Conditions for 2024
- Period
- High
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the filing does not give a Quartile 1 sample count on the cited pages.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 140 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 2 meeting the stated Conditions for 2025
- Period
- High
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 105 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 2 meeting the stated Conditions for 2024
- Period
- High
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 140 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 3 meeting the stated Conditions for 2025
- Period
- High
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 105 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 3 meeting the stated Conditions for 2024
- Period
- percent
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 140 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 4 meeting the stated Conditions for 2025
- Period
- Low
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 105 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 4 meeting the stated Conditions for 2024
- Period
- High
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 96 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 4 meeting the stated Conditions for 2023
- Period
- Average
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 140 locations
- Who is counted
- United States franchised Teriyaki Shops meeting the stated Conditions for 2025
- Period
- percent
- Excluded
- 57 Teriyaki Shops did not meet the requirement and were excluded: 45 were not open at least one year, 4 were in non-traditional spaces, and 8 had incomplete Profit and Loss statements.
- Method
- Historical Gross Sales table; calendar year
Locations counted: not stated in the reviewed record
Revenue · 105 locations
- Who is counted
- United States franchised Teriyaki Shops meeting the stated Conditions for 2024
- Period
- High
- Excluded
- Fifty-one Teriyaki Shops did not meet the requirement and were excluded: thirty-five were not open at least one year, three were in non-traditional spaces, and thirteen had incomplete Profit and Loss statements.
- Method
- Historical Gross Sales table; calendar year
Locations counted: not stated in the reviewed record
Revenue · 140 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 1 meeting the Conditions for 2025
- Period
- percent
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the filing does not give a Quartile 1 sample count on the cited pages.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 105 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 1 meeting the stated Conditions for 2024
- Period
- Median
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 96 locations
- Who is counted
- United States franchised Teriyaki Shops meeting the stated Conditions for 2023
- Period
- High
- Excluded
- Forty-two Teriyaki Shops did not meet the requirement and were excluded: twenty-seven were not open at least one year, four were in non-traditional spaces, and 1 shop had incomplete Profit and Loss statements.
- Method
- Historical Gross Sales table; calendar year
Locations counted: not stated in the reviewed record
Revenue · 96 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 1 meeting the stated Conditions for 2023
- Period
- High
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 96 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 3 meeting the stated Conditions for 2023
- Period
- percent
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
Locations counted: not stated in the reviewed record
Revenue · 96 locations
- Who is counted
- United States franchised Teriyaki Shops in Quartile 2 meeting the stated Conditions for 2023
- Period
- High
- Excluded
- Shops not open at least one year by year end, in non-traditional locations, or not in good standing are outside the stated conditions; the cited pages do not give this quartile's sample count.
- Method
- Gross Sales divided into four quartiles; calendar year
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
Systemwide, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 81
Net +60 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($392,667 – $1,121,405) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 158 to 199 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 24
- [2]Standard initial franchise fee — Item 5 · PDF p. 14
- [3]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops meeting the Conditions · PDF p. 64
- [4]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 1 meeting the Conditions fo… · PDF p. 66
- [5]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 2 meeting the stated Condit… · PDF p. 66
- [6]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 2 meeting the stated Condit… · PDF p. 66
- [7]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 3 meeting the stated Condit… · PDF p. 66
- [8]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 3 meeting the stated Condit… · PDF p. 66
- [9]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 4 meeting the stated Condit… · PDF p. 66
- [10]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 4 meeting the stated Condit… · PDF p. 66
- [11]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 4 meeting the stated Condit… · PDF p. 66
- [12]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops meeting the stated Conditions for 2025 · PDF p. 64
- [13]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops meeting the stated Conditions for 2024 · PDF p. 64
- [14]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 1 meeting the Conditions fo… · PDF p. 66
- [15]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 1 meeting the stated Condit… · PDF p. 66
- [16]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops meeting the stated Conditions for 2023 · PDF p. 64
- [17]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 1 meeting the stated Condit… · PDF p. 66
- [18]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 3 meeting the stated Condit… · PDF p. 66
- [19]Item 19 — Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 2 meeting the stated Condit… · PDF p. 66
- [20]Outlet counts — Item 20, Table 1 · PDF p. 81
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $3,876,943 |
| 2025 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $3,022,186 |
| 2025 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $15,453,828 |
| 2025 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $6,228,113 |
| 2025 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $6,283,301 |
| 2025 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $6,190,065 |
| 2025 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $3,206,067 |
| 2025 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $670,876 |
| 2025 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $1,570,973 |
| 2024 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $3,700,401 |
| 2024 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $2,594,175 |
| 2024 | m.h. enterprises internationalMore than one value recorded for this year — open the FDD source before comparing | $715,733 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
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At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.
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