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.
- Rated MODERATE 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
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 Mensho unit return on the cash you put in?
Unlevered ROIC · per unit
6%
Below typical band (30–60%)
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.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
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 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.
No SBA loan data available for this brand.
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.
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
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
18 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Mensho · FDD (2026) PDF