Mai or GenjiFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Mai or Genji franchise requires a total initial investment of $17K – $76K, including a $5K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $17K – $76K
- 0th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- N/A
- Units
- 362
- 46th 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
Bottom line
- Total investment $17K – $76K including a $5K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict B (Above Average) with a risk score of 55/100.
- System growing at 84.6% CAGR over 3 years with 362 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Hana Group Franchising, LLC
- Parent company
- Hana Group US, LLC
- Incorporated in
- DE
- HQ
- 6565 N. MacArthur Blvd. #330, Irving, Texas 75039
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $5.0M
- vs $5.9M prior year
Overview
About
Franchisees operate fast-casual or quick-service Asian restaurants (likely noodle, poke, or ramen-focused concepts) under the Mai or Genji brand, managing food preparation, customer service, inventory, and daily operations across a small team in their assigned location.
- CEO
- Eduardo Romero
- Headquarters
- TX
- Founded
- 2015
- FDD year
- 2025
- States available
- 37
FDD Item 7 · 2025 filing · 13 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $4K | $5K | |
| Computer, Office Supplies, Equipment and Fixtures | $2K | $25K | |
| Advertising, Marketing and Promotional Materials and Signage | $500 | $2K | |
| Opening Inventory and Smallwaresnot refundable | $1K | $12K | |
| Initial Training Feesnot refundable | $2K | $6K | |
| ServSafe Training | $100 | $1K | |
| Pre-opening Travel Expense | $0 | $3K | |
| Insurance Deposits and Premiums | $500 | $2K | |
| Pre-opening Labor | $1K | $4K | |
| Professional Fees | $3K | $3K | |
| Business Permits and Licenses | $350 | $2K | |
| Credit and Criminal Background Check | $120 | $200 | |
| Additional funds - 3 Months | $4K | $12K | |
| Total initial investment | $17K | $76K |
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
- $17K – $76K
- Better than avg vs category
- Liquid capital req'd
- $4K – $12K
- Better than avg vs category
- Franchise fee
- $4K – $5K
- Better than avg vs category
- Royalty
- Between 0% and 15% of Gross Sales
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 1.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $450 |
| Transfer fee | $2K |
| Renewal fee | $4K |
| Total fee load | 1.0% 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 Mai or Genji Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 362
- Opened
- 20
- Last reporting year
- Closed
- 6
- Terminated
- 2
- Franchisor ended the franchise (per Item 20)
- Turnover rate
- 1.7%
- Company-owned
- 194
- Corporate units in the system
- % franchised
- 46%
- vs corporate-owned
- Net growth (yr3)
- +6.3%
- Net unit change last year
- 3-yr CAGR
- +84.6%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 11
- Transfer rate
- 6.5%
- Owners selling to other franchisees
- Continuity rate
- 94.4%
- Units that stayed open
- Termination rate
- 1.2%
- Franchisor-initiated terminations
- Ceased ops
- 3.6%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 23 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).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
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
This Asian cuisine franchise shows caution-level risk due to missing financial disclosures, unprotected territories, modest growth, and unclear royalty structures that prevent proper due diligence.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 55 / 100 rating
- 01MEDNo financial performance data (Item 19) disclosed — impossible to validate ROI claims or break-even timelines
- 02MINORUnprotected territory creates direct competition risk; multiple franchisees can operate in same area
- 03MINORSlow unit growth (6.3% YoY) suggests market saturation or franchisee dissatisfaction
- 04MINORVariable royalty structure (0-15%) lacks transparency — unclear what determines rate for each franchisee
- 05MINORWide investment range ($17.3K-$75.7K) indicates inconsistent unit economics or hidden costs
- 06MINOR5-year term is relatively short; rebrand/non-renewal risk after initial commitment
- 07MINORLow franchise fee ($5K) may indicate weak brand support or underfunded franchisor operations
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 | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Specific Retail Location |
| Protected territory | No |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 10 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 24 hrs
- Training location
- On-site and corporate
- POS system
- Adoria
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Adoria
Item 20 · call current owners
Franchisee Contacts
100 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Mai or Genji · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Mai or Genji franchise?
The total investment to open a Mai or Genji franchise ranges from $17K – $76K, with an initial franchise fee of $5K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Mai or Genji franchise owners earn?
Mai or Genji 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 Mai or Genji's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Mai or Genji (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 Mai or Genji franchise locations are there?
As of their most recent FDD filing, Mai or Genji has 362 total units in the United States, including 91 franchised units and 194 company-owned units. 20 new units were opened in the latest reporting year.
Is Mai or Genji a good franchise to buy?
FranchiseVerdict rates Mai or Genji as a B-grade franchise with a risk score of 55 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
Are you the franchisor?
If you represent Mai or Genji, you can request corrections or provide updated information.
Claim this brandOther 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.