Waba Grill Teriyaki House
The total investment to open a Waba Grill Teriyaki House franchise ranges from $125,000 to $333,700.
What is the Waba Grill Teriyaki House franchise?
Waba Grill Teriyaki House addresses demand for nutritious meals that fit busy schedules without giving up freshness, flavor, or quality. The brand operates in the limited service restaurant sector and is headquartered in RIVERSIDE, CA. Although its founding date is not publicly disclosed, its Southern California base reflects an understanding of local demand for lighter meals with strong flavor. The concept centers on grilled proteins, fresh vegetables, and signature teriyaki sauces for health conscious customers. The brand reports 21 total units and 26 franchised units, with no company owned locations. Its structure is therefore based entirely on franchising, with franchisees serving as the primary drivers of expansion. Waba Grill Teriyaki House targets the fast casual segment, which has grown at an average annual rate of approximately 8% to 10% over the past five years and has outperformed traditional quick service and full service dining.
Demographic shifts and changing lifestyles support that demand. Consumer preferences also favor healthier restaurant choices. About 67% of consumers seek nutritious options when dining out, while 58% prioritize fresh, high quality ingredients. Convenience remains a major factor, with digital ordering and third party delivery services growing by more than 20% year over year. Customization and food sourcing information are also gaining importance, and 70% of diners prefer restaurants that provide personalized meals and clear ingredient information. Urbanization, the growth of dual income households, and a preference for quick, quality meals support concepts that serve customers efficiently. Franchise investment in this sector is supported by established unit economics, lower overhead than full service restaurants, and operating models that can be scaled. Competition remains intense, especially among burger and pizza chains. Waba Grill Teriyaki House differentiates itself by combining limited service speed with grilled food, fresh preparation, and the perceived health benefits associated with fast casual dining. The fast casual segment is valued at $120 billion and has increased its market share by 12% over the last decade.
The specific franchise fee for Waba Grill Teriyaki House is not publicly available. Industry benchmarks for limited service restaurant concepts place that fee between $25,000 and $50,000 for brand access, training, and operating materials. The stated total initial investment ranges from $125,000 to $333,700. That amount generally includes leasehold improvements, which may represent 40% to 60% of the investment depending on the location and shell condition. Kitchen equipment and smallwares may account for 15% to 25%, initial food and supply inventory for 5% to 10%, and signage and interior decor for approximately 5% to 15%. Pre opening costs, including initial training, grand opening marketing, and permits, may add another 5% to 10%. The investment range also generally includes working capital for the first three to six months, covering payroll, rent, utilities, and other operating costs before the location becomes self sufficient. For limited service restaurant franchises, working capital alone may range from $20,000 to $50,000.
The current FDD does not disclose specific liquid capital or net worth requirements. Industry norms for a franchise with a similar investment profile suggest liquid assets equal to 20% to 30% of the total investment, or approximately $25,000 to $100,000 in liquid capital. A minimum net worth between $300,000 and $500,000 is often recommended to provide financial stability and capacity to handle unexpected operating challenges. Waba Grill Teriyaki House also does not explicitly state its ongoing royalty or advertising fees. Within the limited service restaurant sector, royalty fees commonly range from 5% to 7% of gross sales. Advertising fees commonly range from 1% to 4% of gross sales and support system marketing and brand development. The Loan Activity Score is 44, rated Fair, which provides an initial view of the brand as stable but not among the highest rated franchise opportunities. It supports additional due diligence before investment.
Waba Grill Teriyaki House uses a focused operating model built around grilled chicken, steak, and shrimp served with fresh vegetables, proprietary teriyaki sauces, and rice. A limited menu can support quick preparation in a fast casual setting where service speed matters. Locations commonly use transparent kitchen layouts, sometimes called theater kitchens, so customers can see food being grilled. Staffing is generally designed around cross training employees for customer service, order taking, food preparation, and grilling. A single location may operate with 8 to 12 employees, including a general manager, an assistant manager, and part time staff, depending on sales volume and peak periods. Real estate formats may include inline locations in shopping centers, end cap locations with higher visibility, and freestanding buildings. The $125,000 to $333,700 investment range is intended to accommodate these different site formats.
Training is a central part of the franchise system. It is designed to cover operations, marketing, inventory management, and customer service for new franchisees and their management teams. The exact duration is not available, although programs of this type typically last 2 to 4 weeks. Training may combine classroom instruction at the RIVERSIDE, CA headquarters or another designated facility with practical work at an existing Waba Grill Teriyaki House location. Corporate support may include site selection assistance, architectural guidance, initial marketing campaigns, supply chain support for consistent ingredients, and continuing operating consultation. These services are intended to support brand standards across the 26 franchised units. Territory arrangements typically provide an exclusive operating area based on geographic boundaries or population density. Specific multi unit requirements are not stated, but the presence of 26 franchised units and no company owned locations indicates that the brand supports a multi unit growth approach.
Labor commonly represents 25% to 35% of sales, while occupancy costs may represent 6% to 10%. These figures are industry benchmarks, not projections for Waba Grill Teriyaki House.
The Loan Activity Score of 44, rated Fair, indicates moderate overall brand health and franchisee satisfaction. It suggests a stable opportunity, while also leaving room for improvement or reflecting the competitive conditions of the sector. The brand has 26 active locations with customer ratings recorded by PeerSense. Those ratings are not financial results, but they can provide information about customer satisfaction, operating consistency, repeat business, and brand perception. A strong average rating across the 26 units would support a positive view of the customer experience.
Waba Grill Teriyaki House has 21 total units and 26 franchised units, with no company owned locations. That structure indicates a pure franchising strategy in which outside operators and their local market knowledge support expansion. Specific year over year unit growth figures are not available, but the 26 active franchised locations indicate an established franchise footprint since the brand was established in RIVERSIDE, CA. Consumer demand for healthier, customizable, and convenient meals aligns with the concept. Fast casual brands often use plant based alternatives and seasonal ingredients to maintain relevance and reach additional customer groups, and Waba Grill Teriyaki House may use similar approaches. Its stated value proposition centers on fresh grilled teriyaki bowls and plates as an alternative to fried or heavily processed fast food. Perceived health benefits, flavorful food, menu customization, operating efficiency, consistent ingredients, and customer service all contribute to that position.
Digital ordering, mobile applications, and third party delivery relationships are important parts of current restaurant operations. Waba Grill Teriyaki House may use these tools to reach off premise customers, since off premise dining accounts for more than 60% of limited service restaurant sales. These channels can improve convenience, expand a restaurant's reach, and generate information for operating and marketing decisions across the 26 franchised units.
A suitable Waba Grill Teriyaki House franchisee would generally bring entrepreneurial initiative and business experience, especially in food service or retail operations. Experience leading teams, managing inventory, and handling local marketing is valuable. Customer service skills and a genuine interest in fresh, quality food also fit the brand's operating focus. Because the system operates through franchising and has no company owned locations, the brand may favor individuals or groups with the financial capacity and interest to develop multiple units. The current 26 unit franchise network is consistent with an operating model that supports multi unit owners, who may gain operating efficiencies as they expand within a territory.
Expansion territories would likely include Southern California and other markets where customers value fresh, health conscious fast casual dining. Site review would consider population density, traffic patterns, and proximity to complementary businesses or residential areas. From signing a franchise agreement to opening a location, the process typically takes 6 to 12 months. That period may include site selection, lease negotiation, architectural design, construction or renovation, equipment installation, training, and final permits. The specific agreement term is not available. Standard limited service restaurant franchise agreements often last 10 to 20 years and may include renewal options. The corporate team is headquartered in RIVERSIDE, CA.
The stated initial investment for Waba Grill Teriyaki House is $125,000 to $333,700. The concept operates in the growing limited service restaurant market and focuses on convenient, fresh, flavorful meals within the health conscious fast casual segment. Its 26 franchised units and no company owned locations show a growth structure centered on franchise operators. The RIVERSIDE, CA headquarters provides a base in Southern California, where the brand developed its understanding of local consumer preferences. The Loan Activity Score of 44, rated Fair, and the presence of 26 active locations with customer ratings offer limited indicators of operating stability and customer response, but they do not replace unit level financial information. A prospective buyer should evaluate the investment range, operating requirements, territory, competition, and available franchise documentation before deciding whether the opportunity fits their financial capacity and business goals. PeerSense is a commercial capital advisory firm that introduces franchise buyers to SBA and conventional lenders. PeerSense is not a lender.
Loan Activity Score
44/100
SBA Default Rate
0.0%
Active Lenders
10
According to its Franchise Disclosure Document or public business records, Waba Grill Teriyaki House has 26 locations, all owned by franchisees. Public SBA loan records show 10 lenders made 27 loans to franchisees of Waba Grill Teriyaki House. PeerSense calculates Waba Grill Teriyaki House's score as 44 out of 100, using public SBA loan performance and recent lending activity.
26 locations
$125,000 to $333,700
26
26 franchised
Proprietary PeerSense metric
FairDistinct lenders in public SBA records for Waba Grill Teriyaki House
27
Total SBA loans
$268K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Waba Grill Teriyaki House
Loan Activity Score Breakdown
Established (25 to 99 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
0.0%
vs 10.3% peer avg
SBA Loans
27
Total Volume
$7.2M
Active Lenders
10
1 selective
States
1
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Waba Grill Teriyaki House based on SBA lending data
SBA Default Rate
0.0%
10.3% below peer avg
SBA Loan Volume
27 loans
Across 10 lenders
Lender Diversity
10 lenders
Avg 2.7 loans per lender
Investment Tier
Mid range investment
$125,000 to $333,700 total
Waba Grill Teriyaki House: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2016
8 approvals. The best year on record for Waba Grill Teriyaki House.
Top SBA State
California
27 SBA financed Waba Grill Teriyaki House locations, the densest operator footprint.
Average Loan Size
$268K
Median $261K. Use as a sizing anchor when modeling your own Waba Grill Teriyaki House unit.
Lender Concentration
63%
Concentrated
Share of Waba Grill Teriyaki House approvals captured by the top 3 SBA lenders.
Waba Grill Teriyaki House's SBA lending pipeline peaked in 2016 (8 approvals). Operator density is highest in California with 27 SBA financed locations. Average funded ticket sits at $268K, with the median at $261K. Lender mix is concentrated: the top three SBA lenders account for 63% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$1,294
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Waba Grill Teriyaki House, unit breakdown
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Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
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