Sushi Avenue
Formerly known as Sonic Automotive
Bottom line
- Total investment $7K – $103K including a $20K franchise fee, 0.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 179 loans (below the industry average).
- 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 Sushi Avenue unit return on the cash you put in?
Unlevered ROIC · per unit
231%
Above typical band (30–60%)
Overview
About
Franchisees operate fast-casual or quick-service sushi restaurants, handling food preparation, inventory management, customer service, and daily P&L responsibility. Day-to-day operations typically include managing kitchen staff, maintaining food quality/safety standards, managing supplier relationships, and executing point-of-sale transactions in a compact 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 · 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 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Sushi Avenue presents elevated risk due to undisclosed financials, franchisor litigation, unprotected territories, vague royalty structure, and unknown unit growth—making it difficult to assess true profitability and system health.
Score breakdown · what drove the 54 / 100 rating
- 01MINORNo financial performance disclosure (Item 19) — cannot verify claimed average revenue or profitability
- 02HIGHGoing Concern status is False, indicating potential financial instability at franchisor level
- 03HIGHActive litigation involving franchisor affiliate over contracts and insurance disputes suggests operational/legal friction
- 04MINORRoyalty rate range of 0-25% is unusually wide and vague — unclear what triggers escalation or how it's calculated
- 05MINORNo territorial protection — franchisees face direct competition from other Sushi Avenue units and franchisor
- 06MINORUnit count (323) with unknown growth trajectory — cannot assess system momentum or franchisee success rates
- 07MINORShort 3-year initial term limits franchisee security and commitment certainty
- 08MINORWide investment range ($6,600–$102,970) suggests inconsistent unit economics or unclear cost structure
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
99 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Sushi Avenue · FDD (2024) PDF