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Entrepreneur: Start & Grow Your Business

Teriyaki Madness

Quick-service Asian restaurant

Background

Founded: 2003 Franchising since: 2005
9845 S. Maryland Pkwy., #C
Las Vegas, Nevada 89183
Phone:
(702)403-2308


Franchisor is a privately-held company with 4 employee(s); 2 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 5 0 0 2
2006 3 0 0 1
2005 0 0 0 1

Where Seeking Franchisees
In the U.S. Arizona, Colorado, Idaho, Nevada, Oregon, United states, Utah

Exclusive territories available.
Territory size: By city & state

Costs and Fees

Total investment: $152.9K-248.4K
Franchise fee: $20K
Ongoing royalty fee: 6%
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $80K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • 50% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 10
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 weeks
  • At franchisee's location: 1 week

Ongoing Support
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising