Mai or Genji Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Mai and Genji are grab-and-go Pan-Asian food brands from Hana Group, serving made-fresh sushi, poke, and Asian dishes, usually from counters inside supermarkets and food halls. Franchisees operate an in-store station preparing sushi and bowls to order.
FranchiseVerdict summary · 2026
A Mai or Genji franchise requires a total initial investment of $17K – $76K, including a $4K – $5K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $17K – $76K
- 0th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 362
- 36th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Full-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $17K – $76K including a $4K franchise fee.
- RETURNSFY ended June 30, 2025 total revenues of $5,917,537: franchise fees $196,000, royalties $5,501,225, support fees $62,849, other fees $157,463.
- RISKVerdict A (Strongest tier), verdict score 59/100 (higher is better).
- GROWTHSystem growing at 84.6% CAGR over 3 years with 362 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Hana Group Franchising, LLC
- Parent company
- Hana Group US, LLC
- CEO title
- Interim President & Interim CEO
- Eduardo Romero
- Incorporated in
- DE
- HQ
- 6565 N. MacArthur Blvd. #330, Irving, Texas 75039
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $5.9M
- vs $5.0M prior year
Overview
About
- CEO
- Eduardo Romero
- Headquarters
- TX
- Founded
- 2015
- FDD year
- 2025
- States available
- 37
Can you afford it, and what does the money buy?
Entry cost runs 96% below the typical full-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown13 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
- Top 40% of category vs category
- Liquid capital req'd
- $4K – $12K
- Top 40% of category vs category
- Franchise fee
- $4K – $5K
- Top 40% of category vs category
- Royalty
- Franchisor Revenue Share: 0%–15% of Gross Sales (Total Re…
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 1.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 0.0% of gross sales |
| Technology fee | $250 |
| Training fee | $2K |
| Transfer fee | $2K |
| Renewal fee | $3K |
| Inventory (initial) | $1K – $12K |
| Total fee load | 1.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Mai or Genji did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Mai or Genji unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
165%
Above the 30–60% band. Verify revenue is per-unit average
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
FY ended June 30, 2025 total revenues of $5,917,537: franchise fees $196,000, royalties $5,501,225, support fees $62,849, other fees $157,463.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 1.0% — below the Full-Service Restaurants average of 7.6%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System expanding at 84.6% CAGR over 3 years across 362 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Full-Service Restaurants averages
How Mai or Genji Compares
Is the system healthy?
Source: FDD 2025 · Item 20
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)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 17.3%
- Company-owned
- 194
- Corporate units in the system
- % franchised
- 46%
- vs corporate-owned
- Net growth (3-yr)
- +84.6%
- Net unit change over 3 years
- 3-yr CAGR
- +84.6%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 143
- Closed (3yr)
- 23
- Terminated (3yr)
- 6
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 11
- Reacquired (3yr)
- 2
- Franchisor bought back
- 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 · 38 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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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 in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 59 / 100 verdict
- 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
- 06MINORLow franchise fee ($5K) may indicate weak brand support or underfunded franchisor operations
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 1.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 3 years |
|---|---|
| Renewal term | 3 years |
| Allowed renewalsℹ | 1 |
| Territory type | none |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | 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 |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 10 days |
| Mandatory arbitration | Yes |
| Arbitration location | Dallas County, Texas |
| Jury trial waiver | Yes |
| Governing law | TX |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 30 hrs
- Training location
- Franchisor's principal office in Irving, Texas, or at the location of the franchised business (Unit Training)
- Ongoing training
- Required
- Field support
- 36 hrs/yr
- On-site visits per year
- Site selection
- Franchisor
- Franchisor financing
- Offered
- Item 10
- POS system
- Adoria
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Adoria
Item 20 · call current owners
Franchisee Contacts
178 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 $4K. 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 Item 19 in the Mai or Genji FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Mai or Genji FDD and qualifies whose outlets they describe.
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 168 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 A-grade franchise with a verdict score of 59 out of 100 (higher is better), 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.