Start-Up Costs and Fees |
||
| HuHot Mongolian Grill | Little Sheep Hot Pot | |
| Investment | 984000 - 1219000 | 500000 - 1200000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 0.50% | |
| Year Founded | 1999 | 1999 |
| Year Franchised | 2001 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HuHot Mongolian Grill | Little Sheep Hot Pot | |
| Experience | # Have a proven track record of business ownership & restaurant ownership that can contribute to the development of our brand # Have local knowledge and expertise in the areas of consumer preferences, real estate, government regulations, labor, and distribution issues in the area in which you'll be franchising # Have access to adequate capital # Philosophically aligned | |
Financing Options |
||
| HuHot Mongolian Grill | Little Sheep Hot Pot | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HuHot Mongolian Grill | Little Sheep Hot Pot | |
| Training | For our franchisees (two persons at most)soup base and broth formulation and preparation food preparation and presentationmanagement of the dining area and the kitchenfinancial controlPOS system inventory control etc. training workshops in various forms at irregular intervals to facilitate communication and learning for all of our franchisees. | |
| Support | Grand opening, Internet, Security/safety procedures, Field operations/evaluations | After the grand opening of the franchised restaurant, we will visit its business and operation from time to time. Then, based on the inspections results, we will make proper suggestions and require corrections when necessary to enhance the franchisee's profitability. We will supply the Little Sheep proprietary soup condiments, designate some of the meat, food and beverage, constructive materials and equipment suppliers, and also assist franchisees with the purchase of dishware, uniforms, and some of the key materials as part of our franchising support. |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | By establishing the System Marketing Fund (1% of total sales of each store, including the corporate affiliates and franchisees), we will consolidate all marketing resources for the most optimized result. It will continue to enhance the brand image through advertisement, promotion, PR event and brand image exposure in order to boost the restaurant's recognition and credibility. Moreover, we will also facilitate various marketing activities to support franchisee's own marketing programs. |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 50 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) | |
Expansion Plans |
||
| HuHot Mongolian Grill | Little Sheep Hot Pot | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |
| Franchise Fee | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |
| Royalty Fee | |
| HuHot Mongolian Grill | 5% |
| Little Sheep Hot Pot | 6% |
| Advertising Fee | |
| HuHot Mongolian Grill | 0.50% |
| Little Sheep Hot Pot | |
| Year Founded | |
| HuHot Mongolian Grill | 1999 |
| Little Sheep Hot Pot | 1999 |
| Year Franchised | |
| HuHot Mongolian Grill | 2001 |
| Little Sheep Hot Pot | 2003 |
| Term Of Agreement | |
| HuHot Mongolian Grill | 15 years |
| Little Sheep Hot Pot | |
| Renewal Fee | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |
Business Experience Requirements |
|
| Experience | |
| HuHot Mongolian Grill | # Have a proven track record of business ownership & restaurant ownership that can contribute to the development of our brand # Have local knowledge and expertise in the areas of consumer preferences, real estate, government regulations, labor, and distribution issues in the area in which you'll be franchising # Have access to adequate capital # Philosophically aligned |
| Little Sheep Hot Pot | |
Financing Options |
|
| Franchise Fees | |
| HuHot Mongolian Grill | No |
| Little Sheep Hot Pot | No |
| Start-up Costs | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |
| Equipment | |
| HuHot Mongolian Grill} | |
| Little Sheep Hot Pot | |
| Inventory | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |
| Receivables | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |
| Payroll | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |
Training & Support |
|
| Training | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | For our franchisees (two persons at most)soup base and broth formulation and preparation food preparation and presentationmanagement of the dining area and the kitchenfinancial controlPOS system inventory control etc. training workshops in various forms at irregular intervals to facilitate communication and learning for all of our franchisees. |
| Support | |
| HuHot Mongolian Grill | Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Little Sheep Hot Pot | After the grand opening of the franchised restaurant, we will visit its business and operation from time to time. Then, based on the inspections results, we will make proper suggestions and require corrections when necessary to enhance the franchisee's profitability. We will supply the Little Sheep proprietary soup condiments, designate some of the meat, food and beverage, constructive materials and equipment suppliers, and also assist franchisees with the purchase of dishware, uniforms, and some of the key materials as part of our franchising support. |
| Marketing | |
| HuHot Mongolian Grill | Co-op advertising, Ad slicks, Regional advertising |
| Little Sheep Hot Pot | By establishing the System Marketing Fund (1% of total sales of each store, including the corporate affiliates and franchisees), we will consolidate all marketing resources for the most optimized result. It will continue to enhance the brand image through advertisement, promotion, PR event and brand image exposure in order to boost the restaurant's recognition and credibility. Moreover, we will also facilitate various marketing activities to support franchisee's own marketing programs. |
| Operations | |
| HuHot Mongolian Grill | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 50 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
| Little Sheep Hot Pot | |
Expansion Plans |
|
| US Expansion | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |
| Canada Expansion | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |
| International Expansion | |
| HuHot Mongolian Grill | |
| Little Sheep Hot Pot | |