Wadaya Mazemen And RamenFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A WADAYA MAZEMEN AND RAMEN franchise requires a total initial investment of $335K – $843K, including a $30K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $1.3M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $335K – $843K
- 21st pct Service Resta…
- Avg gross sales
- $1.3M
- 13th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 3
- 8th 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 2025. Newer systems carry more uncertainty but may offer better territories.
22% cash-on-cash return (based on Gross Margin). Within the 15-30% range most franchise investors consider acceptable.
Bottom line
- Total investment $335K – $843K including a $30K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $1.3M/year (median $1.3M), with an estimated 22% cash-on-cash return (based on Gross Margin). Note: this is gross profit, not take-home income.
- Verdict A (Top Quintile) with a risk score of 41/100.
- Emerging franchise: only 1 year of franchising with 3 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- MOGUMOGU FRANCHISE, INC.
- Parent company
- DEN DEN 8 HOLDINGS, INC
- CEO title
- Chief Executive Officer
- Tomohiro Wada
- Incorporated in
- CA
- HQ
- 11555 W Olympic Blvd., Suite B, Los Angeles, CA 90064
- Auditor
- Schild & Co., Inc.
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Franchisees operate fast-casual ramen and mazemen noodle restaurants, managing food preparation, customer service, inventory, and point-of-sale operations. Day-to-day responsibilities include staff scheduling, quality control of handmade noodles and broths, and peak-period service coordination in typically 1,200–1,800 sq ft locations.
- CEO
- Tomohiro Wada
- Headquarters
- CA
- Founded
- 2023
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $30K | $30K |
| Working capital (3–6 mo) | $10K | $15K |
| Equipment, build-out, other | $295K | $798K |
| Total initial investment | $335K | $843K |
Source: WADAYA MAZEMEN AND RAMEN 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
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
$151K
12.0% margin
Unlevered ROIC
25%
EBITDA / total invested capital
Payback
4.0 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $335K – $843K
- Better than avg vs category
- Liquid capital req'd
- $10K – $15K
- Better than avg vs category
- Franchise fee
- $30K – $30K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
- Payback period
- 4.5 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Training fee | $2K |
| Transfer fee | $5K |
| Renewal fee | $0 |
| Total fee load | 6.0% of rev |
A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $1.3M
- Per unit, per year
- Median gross sales
- $1.3M
- Avg gross margin
- $132K
- Reported as Gross Margin in FDD Item 19
- Cash-on-cash
- 22.4%
- Based on Gross Margin / investment midpoint
- Item 19 type
- Actual Performance
- Sample size
- 3 units
- vs category median 13 · small
- Range (low → high)
- $874K→$1.6M
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 9 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Wadaya Mazemen And Ramen Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 3
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
- Multi-unit owners
- 4.3%
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 0
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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.
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
Micro-franchise system with franchisor financial distress, unproven scalability, and thin unit economics creates elevated risk despite no litigation.
Litigation (Item 3)
No litigation is required to be disclosed.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Schild & Co., Inc.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 41 / 100 rating
- 01MINOROnly 3 units in system with unknown growth trajectory suggests minimal scale and unproven replicability
- 02HIGHGoing Concern = False indicates financial instability at franchisor level, raising sustainability questions
- 03MINORWide investment range ($334.5K–$842.5K) with vague breakdown suggests inconsistent unit economics or hidden costs
- 04MINORNet income of $131.8K average against $1.26M revenue (10.5% net margin) is thin for restaurant operations
- 05MINORNo Item 19 (earnings claims) disclosure limits ability to validate revenue/profit projections
- 06MEDTiny franchisee base (3 units) makes validation and peer support extremely limited
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 | 10 years |
| Territory type | Radius or geographic area |
| Protected territory | Yes |
| Territory population | 50,000 |
| 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 | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 104 hrs
- Training location
- On-site and off-site
- Time to open
- 12 mo
- From signing to launch
- POS system
- SpotOn
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: SpotOn
Item 20 · call current owners
Franchisee Contacts
4 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
WADAYA MAZEMEN AND RAMEN · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a WADAYA MAZEMEN AND RAMEN franchise?
The total investment to open a WADAYA MAZEMEN AND RAMEN franchise ranges from $335K – $843K, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do WADAYA MAZEMEN AND RAMEN franchise owners earn?
According to Item 19 of the WADAYA MAZEMEN AND RAMEN FDD, the average gross sales per unit is $1.3M. 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 WADAYA MAZEMEN AND RAMEN's franchise failure rate?
SBA 7(a) loan charge-off data is not available for WADAYA MAZEMEN AND RAMEN (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 WADAYA MAZEMEN AND RAMEN franchise locations are there?
As of their most recent FDD filing, WADAYA MAZEMEN AND RAMEN has 3 total units in the United States, including 0 franchised units and 3 company-owned units.
Is WADAYA MAZEMEN AND RAMEN a good franchise to buy?
FranchiseVerdict rates WADAYA MAZEMEN AND RAMEN as a A-grade franchise with a risk score of 41 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.