DENVER - July 15, 2015 - (BUSINESS WIRE) - For the second year in a row, Teriyaki Madness has been named one of QSR Magazine’s “Best Franchise Deals”. The Denver-based Asian food franchise was named one of the top “Hungry Upstarts” for 2015, based on franchise factors including corporate support, marketplace differentiation and sales momentum. The sixth annual report is considered the industry standard for franchise prospects looking to expand their portfolios.
“At Teriyaki Madness we put an enormous emphasis on helping each and every one of our franchisees get off to a strong start to set them up for long-term success. We are thrilled to be recognized for our efforts,” said Michael Haith, Chief Executive Officer of Teriyaki Madness. “As a growing brand we are tasked with proving that we are one of the premiere fast casual brands in the country. Our ranking as a Hungry Startup for the second year in a row proves we are up to the challenge.”
Teriyaki Madness offers a low initial investment, a solid ROI and the potential for long-term growth for franchisees. With a total start-up cost ranging from $255,000 to $560,000, and an AUV that reached over the $1.1 million mark in 2014, the brand is poised to continue to offer one of the best franchise deals in the quick-serve industry. Teriyaki Madness’s double-digit same-store sales growth over each of the last four years is testament to its long-term growth, in fact, nearly every franchise partner that has been in the system for more than one year has additional units in the company’s development pipeline.
Teriyaki Madness locations range in size from 1,200 to 3,000 square feet, including both traditional and non-traditional spaces and the concept’s business model bends to fit a wide range of opportunities, allowing for reduced build out costs as well as the ability to retrofit existing restaurant units rather than having to build from the ground up. By encouraging franchisees to open restaurants in more economically favorable areas such as strip malls, coupled with a much smaller footprint than other national fast-casual restaurant brands, Teriyaki Madness is able to decrease the franchisee’s initial out-of-pocket costs, the first step towards quick profitability.
The company has experienced substantial and continued growth over the past few years; in fact, in 2014 the franchise system doubled from its eight original locations and has its sights set on continued growth through the end of 2015. Teriyaki Madness is on-track to open an additional 14 new locations by the end of the year with another huge year in 2016 with a goal of 100 units by 2017. There are 30 active franchisees with agreements for 79 units in 14 states.
Teriyaki Madness was founded by three aspiring entrepreneurs who wanted to open a restaurant that served delicious dishes they enjoyed in their favorite teriyaki houses back home in Seattle. The concept appeals to customers seeking a fresh, satisfying alternative to typical fare, with made-to-order entrees featuring homemade sauces, fresh vegetables and natural ingredients.
For more information on Teriyaki Madness, visit www.TeriyakiMadness.com. For more information regarding the restaurant franchise opportunity, visit: www.franchise.teriyakimadness.com.
Teriyaki Madness, a fast-casual, Asian restaurant concept featuring a Seattle Teriyaki menu was founded in 2003 and began franchising the brand in 2005. Teriyaki Madness is committed to unconditionally satisfying guests by offering delicious, made-to-order Teriyaki dishes prepared with all natural, fresh ingredients that are served quickly, at a reasonable price in a fun and relaxed atmosphere. The "Fresh, Fulfilling, and Fits your Life” concept was recently recognized by QSR Magazine as one of the Best Franchise Deals for 2015 and 2014. The brand is dedicated to “Spreading the Madness” so that everyone can experience the best teriyaki on earth.
SOURCE Teriyaki Madness