Curry House CoCo IchibanyaFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Curry House CoCo Ichibanya franchise requires a total initial investment of $908K – $1.4M, including a $40K franchise fee and an ongoing 3.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $908K – $1.4M
- 42nd pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 3.0%
- 1st pct Service Resta…
- Units
- 7
- 17th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
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
Started franchising in 2023. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $908K – $1.4M including a $40K franchise fee, 3.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict D (Below Average) with a risk score of 77/100.
- No 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
- Legal entity
- ICHIBANYA INTERNATIONAL USA, INC.
- Parent company
- ICHIBANYA CO., LTD.
- Incorporated in
- CA
- HQ
- 3625 Del Amo Boulevard, Suite 170, Torrance, California 90503
- Auditor
- Hotta Liesenberg Saito LLP
- Audited financials
- Franchisor revenue
- $1.9M
- vs $1.8M prior year
Affiliated brands
- entity ICHIBANYA USA
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Franchisees operate Japanese curry rice restaurants featuring CoCo Ichibanya's proprietary menu and cooking methods. Day-to-day operations include food preparation, inventory management, customer service, marketing, and staffing of a quick-service or casual dining location.
- CEO
- Keiji Ishiguro
- Headquarters
- CA
- Founded
- 2020
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $40K | $40K |
| Working capital (3–6 mo) | $9K | $25K |
| Equipment, build-out, other | $859K | $1.3M |
| Total initial investment | $908K | $1.4M |
Source: Curry House CoCo Ichibanya 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $908K – $1.4M
- Near category avg vs category
- Liquid capital req'd
- $9K – $25K
- Better than avg vs category
- Franchise fee
- $40K – $40K
- Better than avg vs category
- Royalty
- 3.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 4.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 3.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Training fee | $4K |
| Transfer fee | $10K |
| Renewal fee | $0 |
| Total fee load | 4.0% 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 Curry House CoCo Ichibanya Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 7
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 14%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state 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.
1
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $595K
- Median loan
- $595K
- average
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Micro-franchise system with opaque unit economics, no financial performance disclosure, and unvalidated growth trajectory creates substantial investment risk.
Litigation (Item 3)
0 case reference(s): 3 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Hotta Liesenberg Saito LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 77 / 100 rating
- 01MINOROnly 7 units system-wide indicates minimal scale, unproven franchise model, and high risk of brand failure
- 02MINORNo average revenue or net income disclosure (Item 19) prevents ability to assess profitability and ROI on $907K-$1.4M investment
- 03MINORHigh initial investment ($907.5K-$1.4M) with only 3% royalty creates significant break-even burden for single-unit operator
- 04MEDNo disclosed unit growth trajectory—unknown if system is expanding, stagnant, or contracting
- 05MED10-year term commitment with $40K upfront fee locks capital into unproven concept with limited exit strategy
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 or Geographical Area |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Termination notice | 30 days |
| Curable defaultsℹ | 5 |
| Mandatory arbitration | Yes |
| Jury trial waiver | No |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 3 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 100 hrs
- On-the-job training
- 220 hrs
- Training location
- On-site and corporate
- POS system
- Aloha POS system
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Aloha POS system
Item 20 · call current owners
Franchisee Contacts
2 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Curry House CoCo Ichibanya · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Curry House CoCo Ichibanya franchise?
The total investment to open a Curry House CoCo Ichibanya franchise ranges from $908K – $1.4M, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Curry House CoCo Ichibanya franchise owners earn?
Curry House CoCo Ichibanya 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 Curry House CoCo Ichibanya's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Curry House CoCo Ichibanya (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 Curry House CoCo Ichibanya franchise locations are there?
As of their most recent FDD filing, Curry House CoCo Ichibanya has 7 total units in the United States, including 1 franchised units and 6 company-owned units.
Is Curry House CoCo Ichibanya a good franchise to buy?
FranchiseVerdict rates Curry House CoCo Ichibanya as a D-grade franchise with a risk score of 77 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.