Sushi AvenueFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Sushi Avenue franchise requires a total initial investment of $20K – $103K, including a $20K franchise fee and an ongoing 0.0% royalty[2]. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $20K – $103K
- 1st pct Service Resta…
- Avg gross sales
- N/A
- 28th pct Service Resta…
- Royalty
- 0.0%
- 0th pct Service Resta…
- Units
- 323
- 46th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-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 2023. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $20K – $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.
- Verdict A (Top Quintile) with a risk score of 18/100.
- 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
- Legal entity
- SAH Holdings, LLC
- Parent company
- Sushi Avenue, Incorporated
- Incorporated in
- MN
- HQ
- 895 Blue Gentian Rd., #6, Eagan, MN 55121
- Auditor
- Cavanaugh & Company, PLLC
- Audited financials
- Franchisor revenue
- $3K
- Most recent fiscal year
Affiliated brands
- Sushi Avenue
- One Two Three Sushi Holding
Other brands the franchisor or its parent operates (Item 1).
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.
- CEO
- Nay Hla
- Headquarters
- MN
- Founded
- 2023
- FDD year
- 2024
- States available
- 21
FDD Item 7 · 2024 filing · 20 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee (Contract Chef Location)not refundable | — | — | |
| Insurance (Contract Chef Location)not refundable | $500 | $5K | |
| Initial Training Fees, travel, living expenses during initial training (Contract Chef Location)not refundable | $0 | $10K | |
| Professional Advisors (Contract Chef Location)not refundable | $1K | $5K | |
| Point of Sale Marketing Materials (Contract Chef Location)not refundable | $0 | $2K | |
| Equipment, smallwares, and computer (Contract Chef Location)not refundable | $0 | $11K | |
| Initial food inventory, uniform and supply purchases (Contract Chef Location)not refundable | $0 | $20K | |
| Local business license fees and permits (Contract Chef Location)not refundable | $100 | $5K | |
| Background Check, Credit Check and Drug Test (Contract Chef Location)not refundable | $0 | $250 | |
| Additional funds - 3 months initial phase (Contract Chef Location)not refundable | $5K | $25K | |
| Initial Franchise Fee (New Location)not refundable | $0 | $20K | |
| Insurance (New Location)not refundable | $500 | $5K | |
| Initial Training Fees, travel, living expenses during initial training (New Location)not refundable | $0 | $10K | |
| Professional Advisors (New Location)not refundable | $1K | $5K | |
| Point of Sale Marketing Materials (New Location)not refundable | $1K | $2K | |
| Equipment, smallwares, and computer (New Location)not refundable | $3K | $11K | |
| Initial food inventory, uniform and supply purchases (New Location)not refundable | $20K | $20K | |
| Local business license fees and permits (New Location)not refundable | $100 | $5K | |
| Background Check, Credit Check and Drug Test (New Location)not refundable | $250 | $250 | |
| Additional funds - 3 months initial phase (New Location)not refundable | $5K | $25K | |
| Total initial investment | $37K | $186K |
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $20K – $103K
- Better than avg vs category
- Liquid capital req'd
- $5K – $25K
- Better than avg vs category
- Franchise fee
- $20K
- Better than avg vs category
- Royalty
- 0.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 1.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 0.0% of gross sales |
| Marketing / ad fund | 1.5% of gross sales |
| Technology fee | $100 |
| Transfer fee | $2K |
| Renewal fee | $50 |
| Inventory (initial) | $20K – $20K |
| Total fee load | 1.5% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Full-Service Restaurants averages
How Sushi Avenue Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 323
- Opened
- 214
- Last reporting year
- Closed
- 38
- Turnover rate
- 11.8%
- Company-owned
- 109
- Corporate units in the system
- % franchised
- 66%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 214
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
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
- 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.
- Total loans
- 179
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
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.
Litigation (Item 3)
15 case reference(s): 0 pending, 5 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Cavanaugh & Company, PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 18 / 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
| Initial term | 3 years |
|---|---|
| Renewal term | 3 years |
| Allowed renewalsℹ | 1 |
| Territory type | Specific Location |
| Protected territory | No |
| 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 | 15 days |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Minnesota |
| Litigation count | 4 |
View Item 3 litigation summary
15 case reference(s): 0 pending, 5 settled.
Items 10, 11
Training & Operations
- Classroom training
- 24 hrs
- On-the-job training
- 24 hrs
- Training location
- on-site and corporate
- Site selection
- joint
- Franchisor financing
- Offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
99 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Sushi Avenue · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Sushi Avenue franchise?
The total investment to open a Sushi Avenue franchise ranges from $20K – $103K, with an initial franchise fee of $20K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Sushi Avenue franchise owners earn?
Sushi Avenue does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Sushi Avenue's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Sushi Avenue (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 Sushi Avenue franchise locations are there?
As of their most recent FDD filing, Sushi Avenue has 323 total units in the United States, including 0 franchised units and 109 company-owned units. 214 new units were opened in the latest reporting year.
Is Sushi Avenue a good franchise to buy?
FranchiseVerdict rates Sushi Avenue as a A-grade franchise with a risk score of 18 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.
For franchisors
Are you the franchisor?
If you represent Sushi Avenue, you can request corrections or provide updated information.
Claim this brandOther Full-Service Restaurants franchises
Compare similar franchise opportunities in the Full-Service Restaurants category
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.