FranchiseVerdict
Wagyu Street logo
FV-02917·MODERATEExcellent81

Wagyu Street

Formerly known as Gyushige Japanese BBQ

Food & Beverage - Full ServiceFranchising since 2023Website
Investment
$377K – $577K
50th pct Full Service
Avg revenue
57th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
1
3rd pct Full Service
SBA default

Bottom line

  • Total investment $377K – $577K including a $40K 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 65/100.
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
GYUSHIGE U.S.A. LLC
Parent company
Food Links International, Inc.
Incorporated in
Washington
HQ
103 Bellevue Way NE, Suite 3, Bellevue, Washington 98004
Auditor
CBIZ CPAs P.C.
Audited financials
Franchisor revenue
$140K
vs $789K prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Wagyu Street 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: $377K–$577K
Working capital
$
FDD reports $70K–$106K

Unlevered ROIC · per unit

21%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$565K
Payback
57 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

Franchisees operate a fast-casual restaurant specializing in premium Wagyu beef dishes, likely including bowls, sandwiches, or specialty cuts. Day-to-day operations involve sourcing high-quality Wagyu inventory, managing food preparation, customer service, and maintaining brand standards in a price-premium dining segment targeting affluent customers.

CEO
Takahiro Igo
Founded
2019
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$377K – $577K
All-in to open one unit
Liquid capital
$70K – $106K
Cash you must have on hand
Franchise fee
$40K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
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
1
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
0%
vs corporate-owned
2023
0+1
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 20 · 3 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 · 3 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

65
Risk · 0-100
MODERATE65 / 100

Single-unit franchise with zero financial transparency and unproven scalability represents a high-risk early-stage concept bet rather than an established franchise opportunity.

Score breakdown · what drove the 65 / 100 rating

  1. 01MINOROnly 1 unit in system with unknown growth trajectory indicates unproven franchise model with no track record of replicability
  2. 02MINORZero financial disclosure (avg revenue and net income not provided) makes ROI projections impossible and suggests weak system performance data
  3. 03MINORHigh initial investment range ($377k-$577k) combined with tiered royalty structure (5%-3%) lacks transparent profitability benchmarks to justify costs
  4. 04MED10-year term is lengthy commitment with single reference unit and no disclosed unit economics or break-even timeline
  5. 05MINORSpecialty protein market (Wagyu beef) carries commodity price volatility risk and narrow customer base compared to broader QSR categories

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
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
California

Item 11

Training & Operations

Classroom training
24 hrs
On-the-job training
36 hrs
POS system
Toast
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

3 numbers

Locked
(212) 416-••••
NY
(701) 328-••••
NC
(360) 902-••••
UT

One-time purchase · CSV download · Validation questions included

FDD download

Wagyu Street · FDD (2025) PDF

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