DENVER – Teriyaki Madness, a national Asian fast-casual restaurant, announced the signing of its largest franchise agreement in the 13-year history of the company. Teriyaki Madness agreed to a deal with a multi-unit operator in the Phoenix, Arizona area to add 20 new locations.
“This is a huge commitment for Teriyaki Madness, one that we feel will put us on track to get to a whole new level,” CEO Michael Haith said in a statement. “We were already beginning to be positioned as a leader in the fast-casual Asian cuisine segment, and this puts us as a major frontrunner. We are looking forward to continuing and expanding our presence in the great city of Phoenix.”
The announcement comes one week after the company announced the hires of seven new corporate executives to support national expansion. Teriyaki has nearly 40 restaurants around the nation in operation.
“The mega-deal in Phoenix marks a significant time in the growth and development for the Teriyaki Madness brand,” Todd Owen, Teriyaki Madness vice president of development, said in a statement. “This sets us up perfectly for rapid penetration into the Phoenix market while also aligning us with our plans for national growth with experienced multi-unit operators.”
Teriyaki Madness is known for its Seattle-style teriyaki, serving dishes that feature all-natural meats that are marinated and grilled, with noodles or three kinds of rice and fresh vegetables and served with one of seven homemade sauces.