Onigilly Japanese KitchenFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Onigilly Japanese Kitchen franchise requires a total initial investment of $265K – $832K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $1.6M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $265K – $832K
- 50th pct Service Resta…
- Avg gross sales
- $1.6M
- 50th pct Service Resta…
- Royalty
- 6.0%
- 44th pct Service Resta…
- Units
- 5
- 22nd pct Service Resta…
- SBA default
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-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
Each dollar invested generates 3.0x in gross revenue, well above the typical 1.5-2.5x range.
47% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $265K – $832K including a $35K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.6M/year, with an estimated 47% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 41/100.
- Revenue data based on only 2 reporting units. Treat as directional, not definitive. Ask franchisees directly for current unit economics.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Onigilly Franchise LLC
- Parent company
- Onigilly, Inc.
- Incorporated in
- CA
- HQ
- 343 Kearny Street, San Francisco, California 94108
- Auditor
- FACT Professional, Inc.
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
Affiliated brands
- Onigilly IP
- is the owner of the Licensed Marks
- maintains a pr
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Franchisees operate Japanese quick-service restaurants specializing in onigiri (rice balls) and complementary Japanese cuisine. Day-to-day responsibilities include food preparation, inventory management, customer service, staffing, and maintaining brand standards across a protected territory.
- CEO
- Koji Kanematsu
- Headquarters
- CA
- Founded
- 2022
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| Construction and Leasehold Improvements | $57K | $267K | |
| Lease Deposits and Rent (Three Months) | $12K | $30K | |
| Furniture, Fixtures and Equipment | $97K | $123K | |
| Signage | $5K | $15K | |
| Computer, Software, and Point of Sale System | $6K | $9K | |
| Grand Opening Marketing | $8K | $8K | |
| Initial Inventory | $7K | $12K | |
| Utility Deposits | $1K | $3K | |
| Insurance Deposits (Three Months) | $2K | $5K | |
| Travel for Initial Training | $6K | $11K | |
| Professional Fees | $12K | $28K | |
| General Licenses and Permits | $3K | $11K | |
| Additional Funds (Three Months) | $15K | $50K | |
| Total initial investment | $265K | $607K |
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.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$231K
14.0% margin
Unlevered ROIC
40%
EBITDA / total invested capital
Payback
30 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $265K – $832K
- Near category avg vs category
- Liquid capital req'd
- $15K – $50K
- Better than avg vs category
- Franchise fee
- $35K – $35K
- Near category avg vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
- Payback period
- 2.1 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $415 |
| Transfer fee | $15K |
| Renewal fee | $8K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $1.6M
- Per unit, per year
- Median gross sales
- N/A
- Avg p&l bottom line
- $259K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 47.1%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Company Owned
- Sample size
- 2 units
- vs category median 28 · small
- Range (low → high)
- $1.6M→$1.7M
- Cohort dispersion (min → max)
- Transparency
- 9 / 5
- vs category median 4 / 5 · above
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How Onigilly Japanese Kitchen Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 5
- Opened
- 1
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 6
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
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
Onigilly presents moderate-to-high risk: a financially distressed franchisor with only 5 units, unverified financial claims, and thin profit margins that may not support the stated investment thesis.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $35,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · FACT Professional, Inc.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 41 / 100 rating
- 01HIGHGoing Concern status indicates financial distress at franchisor level despite positive unit economics
- 02MEDOnly 5 units with unknown growth trajectory suggests stalled expansion and limited proof of scalability
- 03MINORWide investment range ($265K-$832K) indicates inconsistent unit economics or unclear cost breakdowns
- 04MEDNo Item 19 (financial performance representations) disclosed — unable to validate stated average revenue/net income claims
- 05MINOR6% royalty on $1.65M average revenue = $99K annual royalty plus 6% on food costs represents significant margin pressure
- 06MEDModest net income ($258.5K) on $1.65M revenue = only 15.7% net margin, leaving limited buffer for underperformance
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 |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 100 hrs
- Training location
- On-site and at franchisor location
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
5 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Onigilly Japanese Kitchen · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Onigilly Japanese Kitchen franchise?
The total investment to open a Onigilly Japanese Kitchen franchise ranges from $265K – $832K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Onigilly Japanese Kitchen franchise owners earn?
According to Item 19 of the Onigilly Japanese Kitchen FDD, the average gross sales per unit is $1.6M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Onigilly Japanese Kitchen's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Onigilly Japanese Kitchen (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 Onigilly Japanese Kitchen franchise locations are there?
As of their most recent FDD filing, Onigilly Japanese Kitchen has 5 total units in the United States, including 0 franchised units and 5 company-owned units. 1 new units were opened in the latest reporting year.
Is Onigilly Japanese Kitchen a good franchise to buy?
FranchiseVerdict rates Onigilly Japanese Kitchen as a A-grade franchise with a risk score of 41 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.
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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.