MenshoFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Mensho franchise requires a total initial investment of $578K – $3.5M, including a $30K franchise fee and an ongoing 5.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: C. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $578K – $3.5M
- 36th pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 10
- 21st 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 $578K – $3.5M including a $30K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict C (Average) with a risk score of 65/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Mensho Franchise, Inc.
- Parent company
- MENSHO, Inc.
- Incorporated in
- CA
- HQ
- 672 Geary Street, San Francisco, CA 94102
- Auditor
- SKY ACCOUNTANCY CORPORATION
- Audited financials
- Franchisor revenue
- $406K
- vs $922K prior year
Overview
About
Mensho franchisees operate ramen restaurants, likely focused on tonkotsu (pork bone broth) or specialty ramen concepts based on brand positioning. Day-to-day operations include managing kitchen staff for broth preparation and noodle production, front-of-house service, inventory management for specialty ingredients, and maintaining Japanese culinary standards. Franchisees are responsible for local marketing, hiring, scheduling, and food cost management in what is typically a high-volume, labor-intensive QSR format.
- CEO
- Tomoharu Shono
- Headquarters
- CA
- Founded
- 2021
- FDD year
- 2026
- States available
- 2
FDD Item 7 · 2026 filing · 19 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $30K | $30K | |
| Security Depositnot refundable | $10K | $10K | |
| Training Feenot refundable | $15K | $15K | |
| Lease Security Deposit, Rent (Pre-Opening Date Period), and other Payments under the lease for the Approved Location | $12K | $450K | |
| Deposits and payments for licenses and permits including security deposits (excluding lease security deposit), utility deposits, business licenses, and other pre-paid expenses | $3K | $5K | |
| Architects and Design | $10K | $50K | |
| Construction/Leasehold Improvements and Signs | $300K | $2.5M | |
| Equipment, Supplies, and Decor Package bought from Mensho TKnot refundable | $75K | $150K | |
| Furniture, Furnishings, Decor, Fixtures, Equipment, and Supplies bought from Third Parties | $25K | $50K | |
| Computer and Security Equipment | $10K | $21K | |
| Professional Fees | $3K | $10K | |
| Opening Proprietary Productsnot refundable | $3K | $6K | |
| Other Opening Inventory and Supplies (Non-Proprietary) | $9K | $18K | |
| Pre-Opening Labor | $31K | $75K | |
| Insurance | $4K | $7K | |
| Grand Opening Marketing | $5K | $10K | |
| Additional Funds - 3 Months (Working Capital) | $35K | $55K | |
| Development Feenot refundable | $45K | $60K | |
| Business Plan Preparation/Professional Fees | $3K | $5K | |
| Total initial investment | $626K | $3.5M |
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
- $578K – $3.5M
- Better than avg vs category
- Liquid capital req'd
- $35K – $55K
- Better than avg vs category
- Franchise fee
- $30K – $30K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Sales · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $215 |
| Transfer fee | $15K |
| Renewal fee | $20K |
| Total fee load | 6.0% 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 Mensho Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 10
- Opened
- 5
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 60%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 12 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
Mensho is a high-growth but unproven early-stage franchise system with severe financial transparency gaps, going concern warnings, and insufficient unit maturity to validate business model viability.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · SKY ACCOUNTANCY CORPORATION
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 65 / 100 rating
- 01MINORExplosive unit growth (500% YoY) suggests either aggressive expansion or unreliable reporting; only 10 units total indicates nascent system with unproven scalability
- 02MEDNo Item 19 financial performance disclosure (Avg Revenue and Net Income not disclosed) prevents validation of profitability claims and return on investment
- 03MINORWide investment range ($578K–$3.46M) without corresponding revenue/profitability data creates opacity around ROI expectations and cost structure
- 04HIGHGoing Concern = False suggests franchisor financial stability concerns or accounting red flags requiring immediate clarification
- 05MEDExtremely young system (10 units) means limited franchisee track record, no long-term operational data, and higher failure risk for early adopters
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 |
| Protected territory | Yes |
| 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 | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 17 hrs
- On-the-job training
- 319 hrs
- Training location
- California
- POS system
- Toast brand point of sale (POS) system
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast brand point of sale (POS) system
Item 20 · call current owners
Franchisee Contacts
18 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Mensho · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Mensho franchise?
The total investment to open a Mensho franchise ranges from $578K – $3.5M, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Mensho franchise owners earn?
Mensho 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 Mensho's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Mensho (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 Mensho franchise locations are there?
As of their most recent FDD filing, Mensho has 10 total units in the United States, including 0 franchised units and 4 company-owned units. 5 new units were opened in the latest reporting year.
Is Mensho a good franchise to buy?
FranchiseVerdict rates Mensho as a C-grade franchise with a risk score of 65 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
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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.