Marufuku Ramen
Bottom line
- Total investment $1.1M – $1.6M including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $3.0M/year (median $2.9M).
- Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
Item 1 · who you're contracting with
The Franchisor
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 MARUFUKU RAMEN unit return on the cash you put in?
Unlevered ROIC · per unit
38%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 MARUFUKU RAMEN units return on equity?
Equity IRR · 5-yr
25.8%
3.15× MOIC
Year-1 DSCR
3.22×
EBITDA ÷ debt service
Equity required
$15.9M
on $29.9M purchase
Total debt
$14.0M
SBA $5.0M + senior + seller note
Overview
About
Franchisees operate casual ramen restaurants focused on authentic Japanese noodle dishes. Day-to-day operations include managing kitchen staff to prepare broth and noodles, front-of-house service, inventory management of fresh ingredients (critical in ramen due to short shelf life), and maintaining food quality standards consistent with the Marufuku brand.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 8 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 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Marufuku Ramen presents meaningful risk due to undisclosed profitability data, going concern status, minimal system size, and insufficient clarity on actual franchisee returns relative to substantial capital requirements.
Score breakdown · what drove the 63 / 100 rating
- 01HIGHGoing Concern status is FALSE — indicates potential financial instability or disclosure issues with the franchisor
- 02MEDNet Income not disclosed in Item 19 — impossible to validate actual profitability against $3M average revenue claim
- 03MINOROnly 9 units with unknown growth trajectory — extremely small system raises sustainability questions
- 04MINORHigh investment-to-revenue ratio — $1.05M-$1.57M investment against $2.99M average revenue means 35-52% of gross revenue needed to break even
- 05MINOR5% royalty on gross sales (not net) — franchisees pay regardless of profitability; combined with high COGS in ramen business creates cash flow risk
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
10 numbers
One-time purchase · CSV download · Validation questions included
FDD download
MARUFUKU RAMEN · FDD (2025) PDF