Start-Up Costs and Fees |
||
| City Wok | HuHot Mongolian Grill | |
| Investment | 243400 - 568500 | 984000 - 1219000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 0.50% | |
| Year Founded | 1990 | 1999 |
| Year Franchised | 2004 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| City Wok | HuHot Mongolian Grill | |
| Experience | General business 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 |
||
| City Wok | HuHot Mongolian Grill | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| City Wok | HuHot Mongolian Grill | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising | Co-op advertising, Ad slicks, Regional advertising |
| Operations | International franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (65% of current franchisees are owner/operators) | 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 |
||
| City Wok | HuHot Mongolian Grill | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| City Wok | |
| HuHot Mongolian Grill | |
| Franchise Fee | |
| City Wok | |
| HuHot Mongolian Grill | |
| Royalty Fee | |
| City Wok | 5% |
| HuHot Mongolian Grill | 5% |
| Advertising Fee | |
| City Wok | |
| HuHot Mongolian Grill | 0.50% |
| Year Founded | |
| City Wok | 1990 |
| HuHot Mongolian Grill | 1999 |
| Year Franchised | |
| City Wok | 2004 |
| HuHot Mongolian Grill | 2001 |
| Term Of Agreement | |
| City Wok | 10 years |
| HuHot Mongolian Grill | 15 years |
| Renewal Fee | |
| City Wok | $5K |
| HuHot Mongolian Grill | |
Business Experience Requirements |
|
| Experience | |
| City Wok | General business 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 |
Financing Options |
|
| Franchise Fees | |
| City Wok | No |
| HuHot Mongolian Grill | No |
| Start-up Costs | |
| City Wok | |
| HuHot Mongolian Grill | |
| Equipment | |
| City Wok} | |
| HuHot Mongolian Grill | |
| Inventory | |
| City Wok | |
| HuHot Mongolian Grill | |
| Receivables | |
| City Wok | |
| HuHot Mongolian Grill | |
| Payroll | |
| City Wok | |
| HuHot Mongolian Grill | |
Training & Support |
|
| Training | |
| City Wok | |
| HuHot Mongolian Grill | |
| Support | |
| City Wok | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| HuHot Mongolian Grill | Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| City Wok | Co-op advertising |
| HuHot Mongolian Grill | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| City Wok | International franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Absentee ownership of franchise is NOT allowed. (65% of current franchisees are owner/operators) |
| 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 | |
| City Wok | |
| HuHot Mongolian Grill | |
| Canada Expansion | |
| City Wok | 0 |
| HuHot Mongolian Grill | |
| International Expansion | |
| City Wok | |
| HuHot Mongolian Grill | |