Start-Up Costs and Fees |
||
| City Wok | Little Sheep Hot Pot | |
| Investment | 243400 - 568500 | 500000 - 1200000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | ||
| Year Founded | 1990 | 1999 |
| Year Franchised | 2004 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| City Wok | Little Sheep Hot Pot | |
| Experience | General business experience | |
Financing Options |
||
| City Wok | Little Sheep Hot Pot | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| City Wok | Little Sheep Hot Pot | |
| 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 | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | 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. |
| Marketing | Co-op advertising | 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. |
| 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) | |
Expansion Plans |
||
| City Wok | Little Sheep Hot Pot | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| City Wok | |
| Little Sheep Hot Pot | |
| Franchise Fee | |
| City Wok | |
| Little Sheep Hot Pot | |
| Royalty Fee | |
| City Wok | 5% |
| Little Sheep Hot Pot | 6% |
| Advertising Fee | |
| City Wok | |
| Little Sheep Hot Pot | |
| Year Founded | |
| City Wok | 1990 |
| Little Sheep Hot Pot | 1999 |
| Year Franchised | |
| City Wok | 2004 |
| Little Sheep Hot Pot | 2003 |
| Term Of Agreement | |
| City Wok | 10 years |
| Little Sheep Hot Pot | |
| Renewal Fee | |
| City Wok | $5K |
| Little Sheep Hot Pot | |
Business Experience Requirements |
|
| Experience | |
| City Wok | General business experience |
| Little Sheep Hot Pot | |
Financing Options |
|
| Franchise Fees | |
| City Wok | No |
| Little Sheep Hot Pot | No |
| Start-up Costs | |
| City Wok | |
| Little Sheep Hot Pot | |
| Equipment | |
| City Wok} | |
| Little Sheep Hot Pot | |
| Inventory | |
| City Wok | |
| Little Sheep Hot Pot | |
| Receivables | |
| City Wok | |
| Little Sheep Hot Pot | |
| Payroll | |
| City Wok | |
| Little Sheep Hot Pot | |
Training & Support |
|
| Training | |
| City Wok | |
| 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. |
| Support | |
| City Wok | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| 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. |
| Marketing | |
| City Wok | Co-op advertising |
| 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. |
| 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) |
| Little Sheep Hot Pot | |
Expansion Plans |
|
| US Expansion | |
| City Wok | |
| Little Sheep Hot Pot | |
| Canada Expansion | |
| City Wok | 0 |
| Little Sheep Hot Pot | |
| International Expansion | |
| City Wok | |
| Little Sheep Hot Pot | |