Quickway HibachiFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Quickway Hibachi franchise requires a total initial investment of $420K – $1.1M, including a $50K franchise fee and an ongoing 4.0% royalty[2]. Per the 2026 FDD, average unit revenue was $1.4M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $420K – $1.1M
- 75th pct Service Resta…
- Avg gross sales
- $1.4M
- 44th pct Service Resta…
- Royalty
- 4.0%
- 3rd pct Service Resta…
- Units
- 49
- 62nd 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
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
28% cash-on-cash return (based on P&L Bottom Line). Within the 15-30% range most franchise investors consider acceptable.
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), with an estimated 28% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 32/100.
- 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
- VA
- 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
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
- Headquarters
- VA
- Founded
- 2021
- FDD year
- 2026
- States available
- 3
FDD Item 7 · 2026 filing · 16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $50K | $50K | |
| Initial Training Expensesnot refundable | $2K | $12K | |
| Leasehold Improvementsnot refundable | $86K | $250K | |
| Rent - 3 Monthsnot refundable | $30K | $90K | |
| Buildout Managementnot refundable | $75K | $200K | |
| Equipment and Small Waresnot refundable | $100K | $170K | |
| Mill Works and Furniturenot refundable | $10K | $20K | |
| Signagenot refundable | $10K | $20K | |
| Utility Depositsnot refundable | $10K | $20K | |
| Computer Systemnot refundable | $10K | $20K | |
| Insurancenot refundable | $3K | $5K | |
| Grand Opening Marketing Spendnot refundable | $3K | $5K | |
| POS Support Contract Feenot refundable | $2K | $3K | |
| Professional Feesnot refundable | $5K | $9K | |
| Business Permits and Licensesnot refundable | $5K | $9K | |
| Additional Funds - 3 Monthsnot refundable | $20K | $50K | |
| Total initial investment | $420K | $933K |
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
$232K
17.0% margin
Unlevered ROIC
29%
EBITDA / total invested capital
Payback
3.5 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $420K – $1.1M
- Below avg, review vs category
- Liquid capital req'd
- $20K – $50K
- Near category avg vs category
- Franchise fee
- $50K – $50K
- Below avg, review vs category
- 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 FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 4.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $1K |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Total fee load | 5.0% of rev |
A 5.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $1.4M
- Per unit, per year
- Median gross sales
- $1.3M
- Avg p&l bottom line
- $215K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 27.8%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Corporate Outlets
- Sample size
- 31 units
- vs category median 28
- Range (low → high)
- $712K→$2.8M
- 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 Quickway Hibachi Compares
Unit growth
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
3-year detail · Item 20
- Closed (3yr)
- 1
- Transfers (3yr)
- 0
- Ceased ops
- 2.0%
- Units that stopped operating
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).
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.
Available to sell in · Item 12
- California
- Hawaii
- Illinois
- Indiana
- Michigan
- Minnesota
- New York
- North Dakota
- Rhode Island
- South Dakota
- Virginia
- Washington
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
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
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.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $50,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · MUHAMMAD ZUBAIRY, CPA PC
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 32 / 100 rating
- 01MEDNo Item 19 (Financial Performance Representations) disclosed — cannot verify if average revenue/net income figures are achievable or representative
- 02HIGHGoing Concern status is 'False' — suggests franchisor may have financial stability questions or recent restructuring
- 03MINOR49 total units with unknown growth trajectory — insufficient data to assess system momentum or franchisee success rate
- 04MINORWide investment range ($420K–$1.133M) indicates high variability in startup costs and potential ROI unpredictability
- 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
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | No |
| RoFR response window | 30 days |
| Termination notice | 30 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Virginia |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 60 hrs
- On-the-job training
- 120 hrs
- Training location
- On-site and corporate
- Franchisor financing
- Offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
19 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Quickway Hibachi · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Quickway Hibachi franchise?
The total investment to open a Quickway Hibachi franchise ranges from $420K – $1.1M, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Quickway Hibachi franchise owners earn?
According to Item 19 of the Quickway Hibachi FDD, the average gross sales per unit is $1.4M. The median is $1.3M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Quickway Hibachi's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Quickway Hibachi (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 Quickway Hibachi franchise locations are there?
As of their most recent FDD filing, Quickway Hibachi has 49 total units in the United States, including 0 franchised units and 49 company-owned units. 1 new units were opened in the latest reporting year.
Is Quickway Hibachi a good franchise to buy?
FranchiseVerdict rates Quickway Hibachi as a A-grade franchise with a risk score of 32 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.