Start-Up Costs and Fees |
||
| Rice King | HuHot Mongolian Grill | |
| Investment | 173500 - 395000 | 984000 - 1219000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | |
| Advertising Fee | 0.50% | |
| Year Founded | 1982 | 1999 |
| Year Franchised | 1996 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rice King | HuHot Mongolian Grill | |
| 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 |
||
| Rice King | HuHot Mongolian Grill | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Rice King | HuHot Mongolian Grill | |
| 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 |
||
| Rice King | HuHot Mongolian Grill | |
| 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 | |
| Rice King | |
| HuHot Mongolian Grill | |
| Franchise Fee | |
| Rice King | |
| HuHot Mongolian Grill | |
| Royalty Fee | |
| Rice King | |
| HuHot Mongolian Grill | 5% |
| Advertising Fee | |
| Rice King | |
| HuHot Mongolian Grill | 0.50% |
| Year Founded | |
| Rice King | 1982 |
| HuHot Mongolian Grill | 1999 |
| Year Franchised | |
| Rice King | 1996 |
| HuHot Mongolian Grill | 2001 |
| Term Of Agreement | |
| Rice King | |
| HuHot Mongolian Grill | 15 years |
| Renewal Fee | |
| Rice King | |
| HuHot Mongolian Grill | |
Business Experience Requirements |
|
| Experience | |
| Rice King | |
| 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 |
Financing Options |
|
| Franchise Fees | |
| Rice King | |
| HuHot Mongolian Grill | |
| Start-up Costs | |
| Rice King | |
| HuHot Mongolian Grill | |
| Equipment | |
| Rice King} | |
| HuHot Mongolian Grill | |
| Inventory | |
| Rice King | |
| HuHot Mongolian Grill | |
| Receivables | |
| Rice King | |
| HuHot Mongolian Grill | |
| Payroll | |
| Rice King | |
| HuHot Mongolian Grill | |
Training & Support |
|
| Training | |
| Rice King | |
| HuHot Mongolian Grill | |
| Support | |
| Rice King | |
| HuHot Mongolian Grill | Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Rice King | |
| HuHot Mongolian Grill | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Rice King | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| 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 |
| HuHot Mongolian Grill | |
| Canada Expansion | |
| Rice King | |
| HuHot Mongolian Grill | |
| International Expansion | |
| Rice King | |
| HuHot Mongolian Grill | |