Defying a global pandemic, the Denver-based fast-casual topped the list of the 10 fastest growing restaurant chains in the United States.
Denver, Colorado (RestaurantNews.com) Based on Technomic data, Catering company named a new Denver-based fast and casual restaurant franchise Teriyaki Madness as the fastest growing large restaurant chain in the United States, beating brands like Popeyes Louisiana Chicken, Sonic and Wingstop for the honor.
According to Technomic Top 500 report of the chain’s restaurantsWhile last year’s economic climate favored mega-chains, Teriyaki Madness, with just over 100 stores in its system, still managed to win.
The brand, which specializes in Seattle-style teriyaki rice bowls, opened 30 new stores in 2020, including 25 during the pandemic. Even though the COVID-19 crisis made 2020 a daunting year for the restaurant industry, the nimble brand opened new stores at its fastest pace ever and recorded impressive sales growth in its stores. teriyaki across the country.
âWe are proud to be recognized among the best known and established names in the restaurant industry by respected industry institutions like Technomic and Restaurant Business,â said Michael Haith, CEO of Teriyaki Madness. âAnd with the pandemic disappearing in the rearview mirror, we are eager to step up the momentum. We believe that 2021 will be even more extraordinary for us. “
With 89 stores across the United States at the end of 2020, the chain is ranked number one of the fastest growing large restaurant chains by Restaurant Business based on data provided in Technomic’s list of the 500 largest chains. .
At the end of 2020, Teriyaki Madness also put these stats on the board:
- 30 newly opened stores and a staggering 39% increase in sales – reaching $ 60 million system-wide.
- 45% year-over-year increase in new store opening sales in 2020.
- 50% increase in company staff, bringing in 27 new hires to support system growth.
- 18% + same-store sales via COVID-19. (Chipotle had + 8.3% for the context)
- 78% of franchisees are looking for additional locations.
âNot only are we delighted to have welcomed so many new franchise partners in 2020,â said Haith. âThe real demonstration of TMAD’s strength lies in the health of the store’s increased sales during the most difficult time in modern history for restaurants. We’re just getting started, so our huge demand from franchise applicants to join us in becoming America’s Favorite Teriyaki Bowl is a nice surprise to us.
The brand will continue to pursue its aggressive growth trajectory in 2021, with openings planned for Florida, Illinois, California, Tennessee, Missouri, Georgia, Arizona and the first two Teriyaki Madness locations in Canada this spring.
About Teriyaki Madness
The fast and casual teriyaki boutique franchise Teriyaki Madness is committed to unconditional customer satisfaction by offering delicious healthy (or not) healthy bowls, applications and sides, made with fresh, all-natural ingredients served quickly and reasonably priced. . . Customers can enjoy their bowls in the store or order through the mobile app for curb delivery or pickup. Teriyaki Madness has been named one of the Best Entrepreneur Food Franchises and FastCasual’s Movers and Shakers in 2018, 2019 and 2020, and the Inc. 5000 list for three consecutive years. Founded in 2003, the brand currently has over 100 stores open, with franchising opportunities across the country for qualified single and multi-unit applicants. For more information visit www.franchise.teriyakimadness.com.