Start-Up Costs and Fees |
||
| Little Sheep Hot Pot | Manchu Wok | |
| Investment | 500000 - 1200000 | 476050 - 787500 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 7% |
| Advertising Fee | 1% | |
| Year Founded | 1999 | 1981 |
| Year Franchised | 2003 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Little Sheep Hot Pot | Manchu Wok | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Little Sheep Hot Pot | Manchu Wok | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Little Sheep Hot Pot | Manchu Wok | |
| 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, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| 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, Ad slicks, National media, Regional advertising |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Little Sheep Hot Pot | Manchu Wok | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Little Sheep Hot Pot | |
| Manchu Wok | |
| Franchise Fee | |
| Little Sheep Hot Pot | |
| Manchu Wok | |
| Royalty Fee | |
| Little Sheep Hot Pot | 6% |
| Manchu Wok | 7% |
| Advertising Fee | |
| Little Sheep Hot Pot | |
| Manchu Wok | 1% |
| Year Founded | |
| Little Sheep Hot Pot | 1999 |
| Manchu Wok | 1981 |
| Year Franchised | |
| Little Sheep Hot Pot | 2003 |
| Manchu Wok | 1989 |
| Term Of Agreement | |
| Little Sheep Hot Pot | |
| Manchu Wok | 5 years |
| Renewal Fee | |
| Little Sheep Hot Pot | |
| Manchu Wok | $3K per year |
Business Experience Requirements |
|
| Experience | |
| Little Sheep Hot Pot | |
| Manchu Wok | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Little Sheep Hot Pot | |
| Manchu Wok | |
| Start-up Costs | |
| Little Sheep Hot Pot | |
| Manchu Wok | |
| Equipment | |
| Little Sheep Hot Pot} | |
| Manchu Wok | |
| Inventory | |
| Little Sheep Hot Pot | |
| Manchu Wok | |
| Receivables | |
| Little Sheep Hot Pot | |
| Manchu Wok | |
| Payroll | |
| Little Sheep Hot Pot | |
| Manchu Wok | |
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. |
| Manchu Wok | |
| 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. |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| 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. |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Little Sheep Hot Pot | |
| Manchu Wok | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Little Sheep Hot Pot | |
| Manchu Wok | |
| Canada Expansion | |
| Little Sheep Hot Pot | |
| Manchu Wok | |
| International Expansion | |
| Little Sheep Hot Pot | |
| Manchu Wok | |