With 144 units under contract throughout the U.S., Teriyaki Madness, one of America’s fastest growing fresh Asian fast casual food concepts, released new information that caters to the growing trend in the world of franchising to inform candidates of their complete earning potential. In the new age of the transparent Franchise Disclosure Document (FDD), Teriyaki Madness has announced it will be including all income statements with Item 19 of the FDD.
Item 19 in the FDD is the section that provides details on earnings, costs and other factors likely to affect future financial performance after a franchise agreement is signed. Highlighted in the revolutionary section of Teriyaki Madness’ FDD are the company’s cost of goods sold, profit margins and labor costs.
“We feel that it is important to be 100 percent up-front and honest with all of our prospective franchisees,” says Michael Haith, Teriyaki Madness CEO. “We have an extremely profitable restaurant concept and the Asian fast casual segment is booming. It is important for every candidate to see his or her earning potential with Teriyaki Madness.”
Recently, Teriyaki Madness broke into its 15th state and has more than 40 locations open across the U.S. The majority of its more than 60 active franchise agreements signed are with multi-unit store operators, including a 20-unit agreement that was signed in the Phoenix metro area last fall. Although the franchise does include single-unit operators, Teriyaki Madness continues to seek multi-unit operators to get to the next level.
“With an AUV of just under $1.1 million, Teriyaki Madness is the ideal fit for a multi-unit operator who is looking to complete his or her portfolio,” Haith says. “We are incorporating groundbreaking initiatives within our system and are growing at a rapid rate throughout all sections of the country. In a few years, Teriyaki Madness will be a staple in every major city in America and will be the go-to restaurant in the Asian fast casual food segment.”
Teriyaki Madness restaurants are individually owned and operated by people with diverse sets of backgrounds who turn their operations into successful establishments—a major reason why the company is ranked on Entrepreneur Magazine’s prestigious annual Franchise 500 list. The restaurant operates with a “sincere-franchise” model that allows for its independently owned restaurants to customize his or her store to better suit communities and its personalities.
Teriyaki Madness serves big bowls of bold, flavorful food made to order with fresh, never frozen ingredients. Dishes use all-natural meats that are marinated and grilled with noodles or rice and fresh steamed vegetables, served with a variety of made-in-house sauces.
Customers can choose a bowl or plate and then load it with teriyaki chicken, beef or tofu and add yakisoba noodles, brown, white or fried rice. They can then customize the bowls or plates with fresh-cut veggies and natural gluten-free sauces. With fresh-cut veggies and natural sauces, the bowls are customized as low-carb and gluten-free, with the average price per bowl around $8.