Lime House Sushi & RamenFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Lime House Sushi & Ramen franchise requires a total initial investment of $348K – $782K, including a $35K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $886K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $348K – $782K
- 23rd pct Service Resta…
- Avg gross sales
- $886K
- 8th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 1
- 2nd 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
Started franchising in 2023. Newer systems carry more uncertainty but may offer better territories.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
44% cash-on-cash return. Above the 20% threshold most investors target.
Bottom line
- Total investment $348K – $782K including a $35K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $886K/year, with an estimated 44% cash-on-cash return.
- Verdict A (Top Quintile) with a risk score of 38/100.
- 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
- Lime House Franchise, Inc.
- CEO title
- President
- Thanda Win
- CEO experience
- 2016 yrs
- Years in role or industry
- Incorporated in
- NY
- HQ
- 5 Lake Street, Hamburg, New York 14075
- Auditor
- Metwally CPA PLLC
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
Franchisees operate quick-service Asian fusion restaurants specializing in sushi and ramen, managing food preparation, inventory, POS systems, and customer service in compact footprints. Daily operations include sourcing fresh ingredients, managing labor, maintaining health/safety compliance, and executing brand standards across menu offerings and customer experience.
- CEO
- Thanda Win
- Headquarters
- NY
- Founded
- 2023
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| Construction and Leasehold Improvements | $90K | $350K | |
| Lease Deposits and Rent - Three Months | $3K | $7K | |
| Furniture and Fixtures | $12K | $23K | |
| Equipment | $81K | $175K | |
| Signage | $6K | $10K | |
| Computer, Software, and Point of Sale System | $4K | $10K | |
| Grand Opening Marketing | $10K | $15K | |
| Initial Inventory | $32K | $39K | |
| Utility Deposits | $2K | $5K | |
| Insurance Deposits - Three Months | $9K | $10K | |
| Travel for Initial Training | $4K | $14K | |
| Professional Fees | $7K | $9K | |
| Licenses and Permits | $150 | $1K | |
| Printing, Stationery and Office Supplies | $2K | $3K | |
| Additional Funds - Three Months | $53K | $75K | |
| Total initial investment | $348K | $782K |
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.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$106K
12.0% margin
Unlevered ROIC
17%
EBITDA / total invested capital
Payback
5.9 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $348K – $782K
- Better than avg vs category
- Liquid capital req'd
- $53K – $75K
- Near category avg vs category
- Franchise fee
- $35K – $35K
- Better than avg vs category
- Royalty
- 5.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
- Payback period
- 2.3 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $250 |
| Transfer fee | $18K |
| Renewal fee | $9K |
| Total fee load | 6.0% of rev |
A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $886K
- Per unit, per year
- Median gross sales
- N/A
- Avg net income
- $249K
- Cash-on-cash
- 44.2%
- Based on Net Income / investment midpoint
- Item 19 type
- Actual Performance (1 Company Outlet)
- Sample size
- 1 units
- vs category median 13 · small
- Range (low → high)
- $855K→$917K
- Cohort dispersion (min → max)
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Lime House Sushi & Ramen Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 1
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 2
- Franchisor's next-year forecast
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 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
Early-stage franchise with unproven multi-unit viability, undisclosed financial documentation, and insufficient comparable franchisee data for validation.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Metwally CPA PLLC⚠ 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 38 / 100 rating
- 01MINOROnly 1 unit in system with unknown growth trajectory — insufficient data to validate concept scalability or franchisee success patterns
- 02MINORWide investment range ($348K-$781K) suggests unclear cost structure or highly variable location economics
- 03MEDNo Item 19 financial performance representations disclosed — cannot independently verify claimed $854K revenue and $249K net income figures
- 04MINORSingle unit makes it impossible to assess system health, franchisee satisfaction, or unit economics consistency
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 |
| Allowed renewalsℹ | 1 |
| Territory type | Radius and Population based |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 1 mi |
| Territory population | 10,000 |
| 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 | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Erie County, New York |
| Jury trial waiver | Yes |
| Governing law | New York |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 30 hrs
- On-the-job training
- 90 hrs
- Training location
- Hamburg, New York
- POS system
- Square
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Square
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Lime House Sushi & Ramen franchise?
The total investment to open a Lime House Sushi & Ramen franchise ranges from $348K – $782K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Lime House Sushi & Ramen franchise owners earn?
According to Item 19 of the Lime House Sushi & Ramen FDD, the average gross sales per unit is $886K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Lime House Sushi & Ramen's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Lime House Sushi & Ramen (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 Lime House Sushi & Ramen franchise locations are there?
As of their most recent FDD filing, Lime House Sushi & Ramen has 1 total units in the United States, including 0 franchised units and 1 company-owned units.
Is Lime House Sushi & Ramen a good franchise to buy?
FranchiseVerdict rates Lime House Sushi & Ramen as a A-grade franchise with a risk score of 38 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.
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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.