FranchiseVerdict
FujiSan Asian Bar Kiosk logo
FV-01019·MODERATEExcellent81

FujiSan Asian Bar Kiosk

Food & Beverage - Full ServiceFranchising since 2016Website
Investment
$3K – $104K
0th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
773
96th pct Full Service
SBA default

Bottom line

  • Total investment $3K – $104K including a $4K franchise fee, 5.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 64/100.
  • 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
Fujisan Franchising Corp.
Incorporated in
California
HQ
14420 Bloomfield Avenue, Santa Fe Springs, CA 90670
Auditor
Baker Tilly US, LLP
Audited financials
Franchisor revenue
$252.5M
vs $290.6M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one FujiSan Asian Bar Kiosk unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $3K–$104K
Working capital
$
FDD reports $5K–$25K

Unlevered ROIC · per unit

186%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$128K
EBITDA margin
17.0%
Total invested
$69K
Payback
6 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

FujiSan franchisees operate quick-service Asian food kiosks, typically in high-foot-traffic venues (malls, food courts, events), preparing and serving items like sushi, noodles, and Asian bowls. Daily operations include food prep, customer service, inventory management, and cleaning, with minimal staffing given the kiosk format.

CEO
Farrell Hirsch
Founded
2016
FDD year
2026
States available
46

Item 7 · what it costs

The Vitals

Total investment
$3K – $104K
All-in to open one unit
Liquid capital
$5K – $25K
Cash you must have on hand
Franchise fee
$4K
Royalty
5.0%
Percentage of Gross Revenues · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
773
Opened
56
Last reporting year
Closed
25
Turnover rate
3.2%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+4.2%
Net unit change last year
3-yr CAGR
+12.4%
Compounded over last 3 years
2024
773+31
Franchised units
2025
742
Franchised units
2026
688
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 16 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 16 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

64
Risk · 0-100
MODERATE64 / 100

FujiSan presents meaningful caution risk: no disclosed financials prevent ROI validation, stagnant growth suggests market exhaustion, litigation history indicates franchisee disputes, and unprotected territory creates direct competition exposure—making this suitable only for highly risk-tolerant investors willing to operate on limited data.

Score breakdown · what drove the 64 / 100 rating

  1. 01MINORNo average revenue or net income disclosure (Item 19) prevents realistic ROI assessment on $3,250–$104,055 investment range
  2. 02MINORSlow unit growth (4.2% YoY) with 773 units suggests market saturation or franchisee churn in mature system
  3. 03MINORWide investment spread ($3,250–$104,055) indicates highly variable unit economics; kiosk model likely commoditized with thin margins
  4. 04MINORUnprotected territory creates direct competition risk from other franchisees and company-owned units
  5. 05HIGHRecent litigation (2022 lawsuit dismissed May 2024) alleging breach of contract and misrepresentation signals franchisee disputes
  6. 06MINOR2019 'no-poach' violation requiring state discontinuance order demonstrates prior regulatory compliance issues
  7. 07MINORShort 3-year term limits operator ability to recoup investment and build equity
  8. 08HIGHGoing Concern = False raises questions about franchisor's financial stability and long-term viability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Protected territory
No
Initial term
3 years
Renewal term
3 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
California

Item 11

Training & Operations

Classroom training
28 hrs
On-the-job training
58 hrs

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

88 numbers

Locked
(661) 472-••••
CA
(949) 299-••••
CA
(470) 422-••••
GA

One-time purchase · CSV download · Validation questions included

FDD download

FujiSan Asian Bar Kiosk · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above