OFFICIAL FILING · MN · 2020
Teriyaki Madness FDD (Franchise Disclosure Document) — 2020
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). Teriyaki Madness's most recent FDD tracked here was filed in 2020 with the Minnesota Department of Commerce (public CARDS portal) — and because registration-state filings are public records, you can read it free, without giving a broker your phone number.
THE SAME DOCUMENT SITES SELL OR GATE BEHIND LEAD FORMS. FILED 2020 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $45K |
| ITEM 6 | Ongoing royalty | 6.0% of gross sales |
| ITEM 7 | Total initial investment | $323K–$845K |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $1.2M ("2019 Reporting Group" — Gross Sales Table, FY2019. "As of December 31, 2019, we had 60 franchised Teriyaki Shops. The information in the table above is a historical financial performance representation for the 15 franchised Teriyaki Shops that met the Conditions ("2019 Reporting Group"). Forty-five Teriyaki Shops did not meet this requirement and were not included. Thirty-two were not open for at least two years, six were smaller than 1,350 square feet, two were in a non-traditional space, three had a change of franchisee ownership within the two-year period and one was in resale. One Shop met the Conditions but did not provide reliable sales data or a viable income statement. This Shop was not included in the 2019 Reporting Group." Conditions: (a) in operation at least two years; (b) larger than 1,350 square feet; (c) traditional locations; (d) no change of ownership within the two year period; (e) is not for sale. Table reports Average Gross Sales ("AGS") $1,171,019 and Median Gross Sales ("MGS") $1,227,210; High Gross Sales $1,527,926, Low Gross Sales $716,519; 8 Shops (53%) at or above AGS; 8 Shops (53%) at or above MGS.) |
| ITEM 20 | Outlets (fiscal 2019) | 60 franchised at year end · 5 exits (11.9% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Wipfli LLP |
Citation discipline: every figure above is extracted from the 2020 Teriyaki Madness FDD as filed and links back to that document. Fields the filing did not state are omitted — nothing here is estimated, surveyed, or filled in from marketing material. FDDs are reissued annually; verify against the current issuance before relying on any number.
Teriyaki Madness FDD questions, answered
Where can I download the Teriyaki Madness FDD for free?
Teriyaki Madness's 2020 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is Teriyaki Madness's most recent FDD on file?
The most recent Teriyaki Madness FDD tracked here was filed in 2020 with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually, so confirm you are reading the current issuance before signing.
Does Teriyaki Madness's FDD disclose earnings (Item 19)?
Yes — Teriyaki Madness makes a financial performance representation in Item 19 of its 2020 FDD, reporting a median unit volume of $1.2M. Read the basis fine print: franchisors choose which units and metrics to include.
What does Teriyaki Madness's FDD Item 20 show?
In fiscal 2019, Teriyaki Madness ended with 60 franchised outlets; 5 of 42 open at the start of the year left the system — an annualized exit rate of 11.9% (terminations, non-renewals, and "ceased operations — other reasons").
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Teriyaki Madness's numbers, including talking you out of a bad deal.
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