Ivan Ramen franchise
2024 filing · March 28, 2024Growing
Ivan Ramen at a glance
A ramen restaurant serving chef Ivan Orkin's noodle bowls and Japanese small plates. At the end of 2023 there were 2 Ivan Ramen locations in the US, 1 franchised and 1 company-owned.
The business
- Franchisor
- Ivan Ramen Franchising LLC
- The company that sells the franchises
- Franchising since
- 2021
- 3 years of selling franchises
- Franchisor based in
- Dobbs Ferry, New York
- Typical size
- 2,500–3,500 sq ft
What you pay
- Cost to open
- $1.02M–$1.98M
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of gross revenues, paid monthly
- Brand fund
- Yes
- Up to 1.5% of gross revenue if a fund is formed
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 2
- Franchised and company-owned
- Franchised
- 1
- Company-owned
- 1
- Change in 2 years
- +1
- Franchised locations, 2021–2023
- States
- 1
- Most in New York
From Ivan Ramen Franchising LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Ivan Ramen among all franchises with the same figure.
| Figure | Ivan Ramen | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $1,503,300 | Costs more than 89% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 2 | Fewer than 82% of franchises |
How much a Ivan Ramen franchise costs
Opening one Ivan Ramen costs an estimated $1,024,500 to $1,982,100. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Ivan Ramen Franchising LLC, 2024 filing, page 16
Ivan Ramen franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: Ivan Ramen Franchising LLC, 2024 filing, page 9
Royalty and ongoing fees
| Royalty | 5% of gross revenues, paid monthly. |
|---|---|
| Brand or marketing fund | Up to 1.5% of gross revenue if a fund is formed. |
| System Technology Fee | No more than 1.0% of Gross revenues (currently 0%) |
| Transfer Fee (Franchise Agreement) | $10,000 |
| On-Site Training and Assistance | $2,500 per day |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Ivan Ramen Franchising LLC, 2024 filing, page 10
Other fees as filed, from pages 10–12. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Ivan Ramen does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Ivan Ramen Franchising LLC, 2024 filing, page 54
- Estimate Estimated yearly sales per location
- $1.4M–$2.5M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Ivan Ramen compares
Of the 813 restaurant franchises on this site, Ivan Ramen is the 675th cheapest to open and the 650th largest by number of locations.
| Figure | Ivan Ramen | Typical restaurant brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $1.02M | $408K | $222K |
| Cost to open, high end | $1.98M | $866K | $477K |
| Franchise fee | $35K | $35K | $40K |
| Royalty | 5% | 5% | 6% |
| US locations | 2 | 14 | 21 |
| Shares earnings figures | No | 474 of 813 | 2,147 of 3,352 |
Typical is the median across the 813 brands in restaurant franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 0 (0) | 1 | 0 | 0 |
| 2022 | 0 (0) | 1 | 0 | 0 |
| 2023 | 1 (+1) | 1 | – | – |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. The franchised location is a delivery-only kitchen.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Ivan Ramen Franchising LLC, 2024 filing, page 55
Where Ivan Ramen locations are
At the end of 2023, Ivan Ramen had locations in 1 state. The most are in New York.
- New York2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| New York | 1 | 1 | 2 |
Source: Ivan Ramen Franchising LLC, 2024 filing, page 56
Who owns Ivan Ramen?
Ivan Ramen franchises are sold by Ivan Ramen Franchising LLC. It is a subsidiary of Ivan Ramen Holdings Co, LLC.
From Ivan Ramen Franchising LLC’s 2024 filing, page 7.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Ivan Ramen Franchising LLC, 2024 filing, litigation on page 9, bankruptcy on page 9
Ivan Ramen filings
The figures on this page come from Ivan Ramen Franchising LLC’s 2024 filing, issued March 28, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | March 28, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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