AFURI Ramen + DumplingFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A AFURI Ramen + Dumpling franchise requires a total initial investment of $591K – $1.2M, including a $45K franchise fee and an ongoing 5.0% royalty[2]. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $591K – $1.2M
- 37th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 6
- 15th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
The system contracted 67% year-over-year. Investigate why units are closing.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $591K – $1.2M including a $45K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict F (Bottom Quintile) with a risk score of 100/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- AFURI FRANCHISE INC.
- Parent company
- AFURI BUCKMAN LLC.
- CEO title
- President, Chief Executive Officer, and Chief Financial Officer
- Taichi Ishizuki
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- OR
- HQ
- 923 SE 7th Ave., Portland, Oregon 97214
- Auditor
- Sky Accountancy Corporation
- Audited financials
- Franchisor revenue
- $422K
- vs $440K prior year
- ⚠ Going-concern note
- Disclosed in FDD 2024
- Status as of 2024; may have been resolved in a later filing we don't yet have.
Overview
About
AFURI franchisees operate quick-service ramen and dumpling restaurants featuring Japanese-style noodle dishes and handmade dumplings. Day-to-day responsibilities include managing kitchen prep (noodle/broth making), front-of-house service, inventory control, labor scheduling, and maintaining quality standards across a limited menu. Most locations operate as small dining rooms or counter-service formats with 20–40 seats.
- CEO
- Taichi Ishizuki
- Headquarters
- OR
- Founded
- 2017
- FDD year
- 2024
- States available
- 2
FDD Item 7 · 2024 filing · 32 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $45K | $45K | |
| Rent and Security Deposit - 3 months | — | — | |
| Pre-Construction Costs (Architect, Plans, Permits) | $11K | $30K | |
| Construction, Remodeling and Leasehold Improvements | $200K | $400K | |
| Point of Sale System (Initial Payment) | $5K | $20K | |
| Equipment, Fixtures, Furnishings, Decor, and Supplies | $90K | $180K | |
| Initial Inventory | $6K | $10K | |
| Signage | $7K | $15K | |
| Wages for Employees - 3 months | $150K | $240K | |
| Out-of-Pocket Expenses During Training | $6K | $10K | |
| Grand Opening Advertising | $1K | $2K | |
| Liquor License (if available in your jurisdiction) | $4K | $30K | |
| Professional Fees | $3K | $10K | |
| Insurance - One Year | $4K | $7K | |
| Miscellaneous Opening Costs | $50K | $120K | |
| Additional Funds - 3 months | $10K | $30K | |
| Initial Franchise Fee (Second or Additional Unit) | $30K | $30K | |
| Rent and Security Deposit - 3 months (Additional Unit) | — | — | |
| Pre-Construction Costs (Architect, Plans, Permits) (Additional Unit) | $11K | $30K | |
| Construction, Remodeling and Leasehold Improvements (Additional Unit) | $100K | $300K | |
| Total initial investment | $898K | $1.8M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $591K – $1.2M
- Better than avg vs category
- Liquid capital req'd
- $10K – $30K
- Better than avg vs category
- Franchise fee
- $45K – $45K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Sales · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Training fee | $750 |
| Transfer fee | $30K |
| Renewal fee | $2K |
| Total fee load | 6.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How AFURI Ramen + Dumpling Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 6
- Opened
- 0
- Last reporting year
- Closed
- 2
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 33.3%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 17%
- vs corporate-owned
- Net growth (yr3)
- -66.7%
- Net unit change last year
- 3-yr CAGR
- -66.7%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 3
- Franchisor's next-year forecast
- Ceased ops
- 33.3%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 22 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Rapid franchise system collapse (67% unit loss YoY), undisclosed financials, and high investment requirements create extreme risk of franchisee failure.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Sky Accountancy Corporation⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 100 / 100 rating
- 01MEDCatastrophic unit decline of 66.7% YoY (from ~18 to 6 units) signals severe system distress or mass closures
- 02MINORNo average revenue or net income disclosure in FDD Item 19 prevents ROI validation and profit assessment
- 03MINORHigh initial investment ($591k–$1.15M) with 5% royalty creates significant financial risk without performance benchmarks
- 04MINOROnly 6 remaining units provides minimal peer network and suggests weak franchisee support or operational model failure
- 05MINORAsian cuisine segment faces labor cost pressures, food cost volatility, and intense local competition in most markets
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 0.3 mi |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 50 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Multnomah County, Oregon |
| Jury trial waiver | No |
| Governing law | Oregon |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 15 hrs
- On-the-job training
- 240 hrs
- Training location
- Our Headquarters and Affiliate-Owned Restaurant (currently in Portland, Oregon)
- Field support
- 240 hrs/yr
- On-site visits per year
- Time to open
- 10 mo
- From signing to launch
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
29 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
AFURI Ramen + Dumpling · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a AFURI Ramen + Dumpling franchise?
The total investment to open a AFURI Ramen + Dumpling franchise ranges from $591K – $1.2M, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do AFURI Ramen + Dumpling franchise owners earn?
AFURI Ramen + Dumpling does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is AFURI Ramen + Dumpling's franchise failure rate?
SBA 7(a) loan charge-off data is not available for AFURI Ramen + Dumpling (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many AFURI Ramen + Dumpling franchise locations are there?
As of their most recent FDD filing, AFURI Ramen + Dumpling has 6 total units in the United States, including 1 franchised units and 5 company-owned units.
Is AFURI Ramen + Dumpling a good franchise to buy?
FranchiseVerdict rates AFURI Ramen + Dumpling as a F-grade franchise with a risk score of 100 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.