Start-Up Costs and Fees |
||
| Little Sheep Hot Pot | Doc Chey's Asian Kitchen | |
| Investment | 500000 - 1200000 | 287500 - 462000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | ||
| Year Founded | 1999 | 1997 |
| Year Franchised | 2003 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Little Sheep Hot Pot | Doc Chey's Asian Kitchen | |
| Experience | 3 years of restaurant experience | |
Financing Options |
||
| Little Sheep Hot Pot | Doc Chey's Asian Kitchen | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Little Sheep Hot Pot | Doc Chey's Asian Kitchen | |
| 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 | 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. | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | 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. | Co-op advertising |
| Operations | Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Little Sheep Hot Pot | Doc Chey's Asian Kitchen | |
| US Expansion | Mid West, North East, South, South East, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |
| Franchise Fee | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |
| Royalty Fee | |
| Little Sheep Hot Pot | 6% |
| Doc Chey's Asian Kitchen | 5% |
| Advertising Fee | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |
| Year Founded | |
| Little Sheep Hot Pot | 1999 |
| Doc Chey's Asian Kitchen | 1997 |
| Year Franchised | |
| Little Sheep Hot Pot | 2003 |
| Doc Chey's Asian Kitchen | 2004 |
| Term Of Agreement | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | 10 years |
| Renewal Fee | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | 50% of then-current fee |
Business Experience Requirements |
|
| Experience | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | 3 years of restaurant experience |
Financing Options |
|
| Franchise Fees | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |
| Start-up Costs | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |
| Equipment | |
| Little Sheep Hot Pot} | |
| Doc Chey's Asian Kitchen | |
| Inventory | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |
| Receivables | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |
| Payroll | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |
Training & Support |
|
| Training | |
| 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. |
| Doc Chey's Asian Kitchen | |
| Support | |
| 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. |
| Doc Chey's Asian Kitchen | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| 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. |
| Doc Chey's Asian Kitchen | Co-op advertising |
| Operations | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | Mid West, North East, South, South East, |
| Canada Expansion | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |
| International Expansion | |
| Little Sheep Hot Pot | |
| Doc Chey's Asian Kitchen | |