Denver — Teriyaki Madness, the Seattle-style Teriyaki shop franchise, has opened 13 new shops in third quarter of 2022 alone, with 11 more scheduled to open by the end of the year. In addition to welcoming new franchise partners, Teriyaki Madness broke into several markets this quarter, including Missouri and Louisiana. Altogether, the brand has welcomed 32 new franchisees to the system for a total of 102 Teriyaki shops.
“The franchise development momentum we are seeing this year is the fastest we’ve ever seen, which is really a testament to the strength of our business model and concept,” says Michael Haith, CEO of Teriyaki Madness. “We are really firing on all cylinders in terms of sensational sales and franchise development.”
A major advantage to franchising with Teriyaki Madness is the concept’s uniquely strong scalability. More than 40% of this year’s new openings are from existing franchisees who have expanded their portfolio to include multiple shops.
The brand has also recently partnered with Boston-based real estate brokerage Bialow Real Estate and construction program management company Sevan.
With 60 Teriyaki Madness shops slated to open next year, the brand is set to hit the 200-unit mark by the end of 2023.
“Growth is not something we force,” says Haith. “We look at where the demand is and ensure the opportunity is right. Right now, we don’t have to look very hard. The demand for Teriyaki Madness is growing everywhere, and potential multi-unit franchisee partners are finding us who have experience and are looking to grow their portfolios. As we prepare for the end of the year, we are excited to see what the future holds.”
Founded in 2003, Teriyaki Madness currently has more than 125 shops open, with franchising opportunities nationwide. For more information, visit www.franchise.teriyakimadness.com.
SOURCE: Teriyaki Madness