FranchiseVerdict
Quickway Hibachi logo
FV-02083·STRONGExcellent95

Quickway Hibachi

Food & Beverage - Quick ServiceFranchising since 2024Website
Investment
$420K – $1.1M
76th pct Quick Service
Avg revenue
$1.4M
34th pct Quick Service
Royalty
4.0%
2nd pct Quick Service
Units
49
57th pct Quick Service
SBA default

Bottom line

  • Total investment $420K – $1.1M including a $50K franchise fee, 4.0% ongoing royalty.
  • Average unit revenue of $1.4M/year (median $1.3M). Estimated payback in 3.6 years.
  • Rated STRONG with a risk score of 48/100.
  • Emerging franchise — only 2 years of franchising with 49 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Quickway Franchising, Inc.
Incorporated in
Virginia
HQ
1984 Isaac Newton Square West, STE 301, Reston, VA 20190
Auditor
MUHAMMAD ZUBAIRY, CPA PC
Audited financials
Franchisor revenue
$93
vs $136 prior year

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 Quickway Hibachi unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,365,999
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: qsr
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $420K–$1.1M
Working capital
$
FDD reports $20K–$50K

Unlevered ROIC · per unit

29%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$232K
EBITDA margin
17.0%
Total invested
$812K
Payback
42 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Quickway Hibachi units return on equity?

Edit assumptions

Equity IRR · 5-yr

36.5%

4.74× MOIC

Year-1 DSCR

2.26×

EBITDA ÷ debt service

Equity required

$4.6M

on $13.7M purchase

Total debt

$9.1M

SBA $5.0M + senior + seller note

SBA 7(a) request ($6.8M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Quickway Hibachi franchisees operate Japanese teppanyaki restaurants where chefs prepare grilled dishes tableside on large iron griddles. Day-to-day operations involve managing kitchen staff, training hibachi chefs, coordinating customer reservations, managing food costs, and maintaining the specialized cooking equipment and safety standards required for this theatrical dining format.

CEO
Bob Liang
Founded
2021
FDD year
2026
States available
3

Item 7 · what it costs

The Vitals

Total investment
$420K – $1.1M
All-in to open one unit
Liquid capital
$20K – $50K
Cash you must have on hand
Franchise fee
$50K
Royalty
4.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
5.0%
vs 9–13% typical
Payback period
3.6 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$1.4M
Per unit, per year
Median gross sales
$1.3M
Item 19 type
Corporate Outlets
Sample size
31 units
vs category median 37
Range (low → high)
$712K$2.8M
Cohort dispersion
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank34th
vs Food & Beverage - Quick Service peers
Investment cost rank76th
Lower investment ranks lower (better)
Royalty rate rank2th
Lower royalty = lower percentile (better)
Unit count rank57th
vs Food & Beverage - Quick Service peers
Risk score rank18th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
49
Opened
1
Last reporting year
Closed
2
Turnover rate
4.1%
Company-owned
49
Corporate units in the system
% franchised
0%
vs corporate-owned
2024
0-1
Franchised units
2025
0
Franchised units
2026
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 16 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 16 states
Not registered

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

48
Risk · 0-100
STRONG48 / 100

Quickway Hibachi presents moderate-to-caution risk due to missing financial performance disclosures, unclear unit growth, franchisor financial stability concerns, and high investment variability without verified franchisee profitability data.

Score breakdown · what drove the 48 / 100 rating

  1. 01MEDNo Item 19 (Financial Performance Representations) disclosed — cannot verify if average revenue/net income figures are achievable or representative
  2. 02HIGHGoing Concern status is 'False' — suggests franchisor may have financial stability questions or recent restructuring
  3. 03MINOR49 total units with unknown growth trajectory — insufficient data to assess system momentum or franchisee success rate
  4. 04MINORWide investment range ($420K–$1.133M) indicates high variability in startup costs and potential ROI unpredictability
  5. 05MINORRoyalty escalation to 5% in year 6 increases ongoing costs just as franchisees may be establishing stability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
No
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Virginia

Item 11

Training & Operations

Classroom training
60 hrs
On-the-job training
120 hrs

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

19 numbers

Locked
(808) 586-••••
HI
(360) 902-••••
WA
(503) 378-••••
OR

One-time purchase · CSV download · Validation questions included

FDD download

Quickway Hibachi · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above