Start-Up Costs and Fees |
||
| HuHot Mongolian Grill | Rice King | |
| Investment | 984000 - 1219000 | 173500 - 395000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | |
| Advertising Fee | 0.50% | |
| Year Founded | 1999 | 1982 |
| Year Franchised | 2001 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HuHot Mongolian Grill | Rice King | |
| 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 | Rice King | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HuHot Mongolian Grill | Rice King | |
| Training | ||
| Support | Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| 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 | Rice King | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HuHot Mongolian Grill | |
| Rice King | |
| Franchise Fee | |
| HuHot Mongolian Grill | |
| Rice King | |
| Royalty Fee | |
| HuHot Mongolian Grill | 5% |
| Rice King | |
| Advertising Fee | |
| HuHot Mongolian Grill | 0.50% |
| Rice King | |
| Year Founded | |
| HuHot Mongolian Grill | 1999 |
| Rice King | 1982 |
| Year Franchised | |
| HuHot Mongolian Grill | 2001 |
| Rice King | 1996 |
| Term Of Agreement | |
| HuHot Mongolian Grill | 15 years |
| Rice King | |
| Renewal Fee | |
| HuHot Mongolian Grill | |
| Rice King | |
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 |
| Rice King | |
Financing Options |
|
| Franchise Fees | |
| HuHot Mongolian Grill | No |
| Rice King | No |
| Start-up Costs | |
| HuHot Mongolian Grill | |
| Rice King | |
| Equipment | |
| HuHot Mongolian Grill} | |
| Rice King | |
| Inventory | |
| HuHot Mongolian Grill | |
| Rice King | |
| Receivables | |
| HuHot Mongolian Grill | |
| Rice King | |
| Payroll | |
| HuHot Mongolian Grill | |
| Rice King | |
Training & Support |
|
| Training | |
| HuHot Mongolian Grill | |
| Rice King | |
| Support | |
| HuHot Mongolian Grill | Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Rice King | |
| Marketing | |
| HuHot Mongolian Grill | Co-op advertising, Ad slicks, Regional advertising |
| Rice King | |
| 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) |
| Rice King | |
Expansion Plans |
|
| US Expansion | |
| HuHot Mongolian Grill | |
| Rice King | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| HuHot Mongolian Grill | |
| Rice King | |
| International Expansion | |
| HuHot Mongolian Grill | |
| Rice King | |