MAI SUSHI BARS

Item 7 lays out the financial entry: a modest $5,000 franchise fee and total initial investment of $17,270 to $75,700, covering equipment, inventory, and training for these compact satellite operations—far lower than traditional restaurants. Ongoing fees bite harder, with a 15% royalty (potentially up to 45% total revenue share split with host retailers), 1% brand fund, plus $40-190/month data fees, $250-450/year tech fees, and $185-205 quarterly food safety audits. System health shines in Items 20 and 21: 168 franchised units (plus 194 corporate) as of 2025, up 6% from 158 in 2024, with just 2 terminations, 11 transfers, and a whopping 159 projected new units—indicating robust expansion momentum from Hana Group US in Allentown, PA.

The absence of Item 19 earnings claims is a red flag for buyers chasing hard revenue data; without it, you're piecing together viability from growth stats and the model's reliance on urban/suburban foot traffic for pre-packaged and made-to-order sushi, bowls, and soups. Low startup appeals to semi-absentee operators managing multiple bars within 40 miles via proprietary systems, but high revenue shares could squeeze margins in slower spots. Scrutinize host agreements and local demand— this vendor-backed setup thrives where convenience trumps dine-in, potentially yielding steady cash flow if volumes hit projections.