The Seattle-style teriyaki restaurant celebrates a spot on the Franchise 500® list after a year of impressive growth.
Denver, CO (RestaurantNews.com) Teriyaki Madness was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. The 44th annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry that recognizes outstanding performance in areas including unit growth, financial strength and stability, and brand power. Their ranking as number 277 in 2023 caps off seven consecutive years on the coveted list, including placements of 330 in 2017, 490 in 2018, 465 in 2019, 461 in 2020, 247 in 2021 and 252 in 2022.
Teriyaki Madness rounded out 2022 with 37 new franchisees and 103 new units in the works, having broken into markets in Louisiana, Georgia, Missouri and Massachusetts.
“We’ve grown our footprint by nearly a quarter in the past year,” said Teriyaki Madness CEO Michael Haith. “Recognition on the Franchise 500® list is just another indicator of the strength of the concept, and we’re continuing to drive forward, ready to take 2023 by storm.”
“The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels,” says Entrepreneur editor in chief Jason Feifer. “The companies named to our 44th annual Franchise 500® list represent some of the most innovative, creative, and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula continues to evolve, as well. The editorial team researches and assesses several factors that go into the evaluation, including costs and fees, size and growth, support, brand strength and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 44 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Teriyaki Madness’ position on the ranking is a testament to its strength as a franchise opportunity.
To view Teriyaki Madness in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2023 issue of Entrepreneur, available on newsstands January 17th.
About Teriyaki Madness
If you’ve read this far, you know—Teriyaki Madness is making big moves. Named the #1 Fastest-Growing Big Restaurant Chain in the U.S. by Restaurant Business, TMAD’s secret sauce lies in creating value for franchisees, guests and employees alike. More than 125 shops across three countries deliver big, heaping bowls of fresh, natural ingredients to their communities, creating a cult-like following with customers, employment opportunities for neighborhoods and profitable margins for the operators. Backed by world-class delivery and loyalty innovations and an all-star Executive Team, Teriyaki Madness’ focus is on sustainable growth and exceptional experiences. Visit www.franchise.teriyakimadness.com for single and multi-unit opportunities, and join the Teriyaki Takeover.
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