FranchiseVerdict
SUKI HANA logo
FV-02489·MODERATEStandard76

Suki Hana

Food & Beverage - Full ServiceFranchising since 2000Website
Investment
$295K – $1.4M
34th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
39
68th pct Full Service
SBA default

Bottom line

  • Total investment $295K – $1.4M 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 64/100.
  • System growing at 33.3% CAGR over 3 years with 39 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
International Restaurant Management Group, Inc.
Incorporated in
Florida
HQ
4531 Ponce de Leon Boulevard, Suite 300, Coral Gables, Florida 33146
Auditor
Perez & Company Financial Auditors, LLC
Audited financials
Franchisor revenue
$1.1M
vs $1.0M 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 SUKI HANA unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $295K–$1.4M
Working capital
$
FDD reports $10K–$20K

Unlevered ROIC · per unit

15%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$128K
EBITDA margin
17.0%
Total invested
$864K
Payback
81 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.

Overview

About

SUKI HANA is a Japanese casual dining/quick-service restaurant concept (likely ramen, sushi, or Asian fusion based on branding). Franchisees operate day-to-day dining establishments managing food preparation, customer service, inventory, and staff scheduling while paying 5% of weekly gross sales to corporate.

CEO
Hoi Sang Yeung
Founded
1998
FDD year
2026
States available
17

Item 7 · what it costs

The Vitals

Total investment
$295K – $1.4M
All-in to open one unit
Liquid capital
$10K – $20K
Cash you must have on hand
Franchise fee
$30K
Royalty
5.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical

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

Total units
39
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
19
Corporate units in the system
% franchised
51%
vs corporate-owned
Net growth (yr3)
+11.1%
Net unit change last year
3-yr CAGR
+33.3%
Compounded over last 3 years
2024
20+6
Franchised units
2025
18
Franchised units
2026
15
Franchised units

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

Item 20 · 22 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 · 22 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

64
Risk · 0-100
MODERATE64 / 100

SUKI HANA presents meaningful investment risk due to undisclosed financials, lack of territory protection, and corporate going concern issues that prevent proper due diligence.

Score breakdown · what drove the 64 / 100 rating

  1. 01MEDNo Item 19 (Average Unit Volume) disclosed — impossible to assess ROI or validate the $295k-$1.4M investment range
  2. 02HIGHGoing Concern status is FALSE — indicates potential financial instability at corporate level
  3. 03MINORUnprotected territory — franchisees face direct competition from other SUKI HANA units with no geographical exclusivity
  4. 04MEDModest unit growth of 11.1% YoY with only 39 total units — suggests limited brand recognition and slower-than-ideal expansion
  5. 05MINORWide investment range ($295k-$1.4M spread) without corresponding revenue disclosure — unclear what drives cost variance and profit potential
  6. 06MINOR5% royalty on weekly gross sales is standard but with no net income data, franchisees cannot determine actual profitability after all fees

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

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

Item 11

Training & Operations

Classroom training
32 hrs
On-the-job training
88 hrs
POS system
Square POS System
Operating tech stack

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

29 numbers

Locked
(401) 462-••••
RI
(808) 586-••••
HI
(515) 281-••••
IA

One-time purchase · CSV download · Validation questions included

FDD download

SUKI HANA · FDD (2026) PDF

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