FranchiseVerdict
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FV-01136·MODERATEStandard76

Gyushige

Food & Beverage - Full ServiceFranchising since 2019Website
Investment
$1.3M – $2.9M
92nd pct Full Service
Avg revenue
57th pct Full Service
Royalty
3.0%
2nd pct Full Service
Units
1
3rd pct Full Service
SBA default

Bottom line

  • Total investment $1.3M – $2.9M including a $50K franchise fee, 3.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 65/100.
  • Auditor disclosed a going-concern note — 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
GYUSHIGE U.S.A. LLC
Parent company
Food Links International, Inc.
Incorporated in
Washington
HQ
103 Bellevue Way NE, Suite 3, Bellevue, Washington 98004
Auditor
CBIZ CPAs P.C.
Audited financials
Franchisor revenue
$129K
vs $140K prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Gyushige 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: $1.3M–$2.9M
Working capital
$
FDD reports $150K–$451K

Unlevered ROIC · per unit

6%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$135K
EBITDA margin
18.0%
Total invested
$2.4M
Payback
212 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

Gyushige franchisees operate upscale Japanese wagyu beef restaurants featuring premium yakiniku (grilled meat) service. Day-to-day operations include sourcing high-grade beef inventory, managing table-grill service, training specialized culinary staff, and maintaining strict quality/food safety protocols consistent with premium dining positioning.

CEO
Takahiro Igo
Founded
2019
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$1.3M – $2.9M
All-in to open one unit
Liquid capital
$150K – $451K
Cash you must have on hand
Franchise fee
$50K
Royalty
3.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
5.0%
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
1
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Multi-unit owners
66.7%
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
+0.0%
Compounded over last 3 years
2023
1±0
Franchised units
2024
1
Franchised units
2025
1
Franchised units

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)

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

65
Risk · 0-100
MODERATE65 / 100

Pre-scaling specialty restaurant franchise with extreme opacity on unit economics, single operational location, and prohibitively high capital requirements — validation impossible without detailed financial disclosure.

Score breakdown · what drove the 65 / 100 rating

  1. 01MINOROnly 1 franchised unit in system with unknown growth trajectory — suggests brand is pre-scaling or stalled
  2. 02MINORNo average revenue or net income disclosure (Item 19) — impossible to validate ROI on $1.3M-$2.9M investment
  3. 03MINORExtremely wide investment range ($1.6M spread) indicates inconsistent build-out costs and unclear unit economics
  4. 04MEDHigh initial investment ($1.28M-$2.9M) combined with undisclosed profitability creates severe financial risk
  5. 05MINOR3-5% royalty on top of unknown baseline costs — true net margins cannot be assessed
  6. 06MINORSingle unit franchise system raises questions about franchisor viability, support infrastructure, and proof of concept

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Designated Territory
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
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
Washington

Item 11

Training & Operations

Classroom training
41 hrs
On-the-job training
200 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.

No franchisee contacts available for Gyushige. This brand's FDD Item 20 did not include a contactable franchisee list.

FDD download

Gyushige · FDD (2025) PDF

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