AFURI Ramen + Dumpling Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
AFURI Ramen + Dumpling is a restaurant franchise serving yuzu-forward Japanese ramen and handmade dumplings. Franchisees run the restaurants, managing kitchen production, staffing, and service.
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). FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2024 FDD issuance
Overview
- Investment
- $591K – $1.2M
- 27th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 6
- 9th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Full-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $591K – $1.2M including a $45K franchise fee, 5.0% ongoing royalty.
- RETURNSNo Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- RISKVerdict D (Below average), verdict score 29/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- AFURI FRANCHISE INC.
- Parent company
- AFURI BUCKMAN LLC
- Ultimate parent
- AFURI, INC. (AFURI-JPN)
- CEO title
- President, Chief Executive Officer, and Chief Financial Officer
- Taichi Ishizuki
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- Oregon
- HQ
- 923 SE 7th Ave., Portland, Oregon 97214
- Auditor
- Sky Accountancy Corporation
- Audited financials
- Franchisor revenue
- $440K
- vs $440K prior year
Overview
About
- CEO
- Taichi Ishizuki
- Headquarters
- Oregon
- Founded
- 2017
- FDD year
- 2024
- States available
- 2
Can you afford it, and what does the money buy?
Entry cost runs 25% below the typical full-service restaurants franchise.
Source: FDD 2024 · Items 5–7
Full Item 7 breakdown32 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
- Top 40% of category vs category
- Liquid capital req'd
- $10K – $30K
- Top 40% of category vs category
- Franchise fee
- $45K – $45K
- Top 40% of category vs category
- Royalty
- 5.0%
- percentage · 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 |
| Inventory (initial) | $6K – $10K |
| Total fee load | 6.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
AFURI Ramen + Dumpling did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one AFURI Ramen + Dumpling unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
10%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2024 FDD
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Full-Service Restaurants average of 7.6%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System shrank 66.7% over 3 years — 2 closures. Ask existing franchisees about local market conditions.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Full-Service Restaurants averages
How AFURI Ramen + Dumpling Compares
Is the system healthy?
Source: FDD 2024 · Item 20
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
- 200% (!)
- Closures exceed total units. See FDD Item 20
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 17%
- vs corporate-owned
- Net growth (3-yr)
- -66.7%
- Net unit change over 3 years
- 3-yr CAGR
- -66.7%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 2
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- 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 12 · 2 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
2
states with franchisees (per FDD Item 12)
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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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 is required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Sky Accountancy Corporation
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 29 / 100 verdict
- 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
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 5 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| 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 is required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 15 hrs
- On-the-job training
- 240 hrs
- Training location
- Franchisor headquarters and affiliate-owned restaurant (currently Portland, Oregon)
- Ongoing training
- Required
- Field support
- 240 hrs/yr
- On-site visits per year
- Time to open
- 12 mo
- From signing to launch
- Site selection
- franchisee
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
7 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 Item 19 in the AFURI Ramen + Dumpling FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the AFURI Ramen + Dumpling FDD and qualifies whose outlets they describe.
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 D-grade franchise with a verdict score of 29 out of 100 (higher is better), 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
Are you the franchisor?
If you represent AFURI Ramen + Dumpling, you can request corrections or provide updated information.
Other Full-Service Restaurants franchises
Compare similar franchise opportunities in the Full-Service Restaurants category
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.