Million Snacks vs Hongkong Noodle Factory Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Million Snacks vs Hongkong Noodle Factory including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Million Snacks Franchise
Hongkong Noodle Factory Franchise
Investment $109,050 - $302,000$1,600
Franchise Fee $2,000$1,450
Royalty Fee 5%0
Advertising Fee 1%0
Year Founded 2009-
Year Franchised 2009-
Term Of Agreement 7 years3 years
Term Of Agreement 7 years3 years
Renewal Fee --


Business Experience Requirements

 
Million Snacks Franchise
Hongkong Noodle Factory Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    Million Snacks Franchise
    Hongkong Noodle Factory Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support

     
    Million Snacks Franchise
    Hongkong Noodle Factory Franchise
    Training --
    Support --
    Marketing Co-op Advertising Ad Templates Regional Advertising-
    Operations -

    Expansion Plans

     
    Million Snacks Franchise
    Hongkong Noodle Factory Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Million Snacks

    At Million Snacks our mission is to give everyone an opportunity to own their own business while securing their future and financial goals. We know that taking the plunge into owning a business can be difficult, especially after layoffs or career changes. One of the most successful ways to maneuver into owning a business is through franchising. With that in mind, Million Snacks has perfected their franchise model to make it one of the most affordable in the industry. When you compare a Million Snacks Franchise Opportunity to some of the most popular fast food eateries on the market, we have the lowest franchising fee, lowest royalty fee in the snack food industry, and low startup costs. We have purposely made our franchise model MUCH more affordable. Why pay more to make your business dreams a reality, and to get your financial goals heading in the right direction? Why pay more than you need to when a Million Snacks Franchise offers you
    - A quality menu that provides much healthier alternatives to the average junk food sold by our competitors.
    - Startup cost flexibility using Express and Standard Models to create the size service store you want.
    - Assistance and training in your franchise.
    If you're ready to start, we're ready to show you how... with a proven system that works!
    We guide you through the process and offer the support you need in order to help you succeed.

    About Hongkong Noodle Factory

    E-Concept Business Consultancy, Inc. would like to extend our warmest welcome to you, our dear visitor! We here at E-Concept value 'People' and 'Service' as our most valuable asset. With a mix of western and eastern culture we come up with innovative solutions to cater for the ever changing Asian market. We provide franchise development and selling service for interested entrepreneur. Geared towards versatile and effective operation for positive profit potential. Also we have Marketing and Management Consultancy services for small and medium scale business who in turn need a good efficient system to integrate with their current operations. Franchise Package includes * Use of Name * Transfer Of Technology * Business System * Marketing Support * Pre Opening Assistance * Grand Opening * Post Opening * Recruitment and training of Crew * Orientation of Franchisee * Site Assistance * Permit Assistance * Free delivery of stocks within Metro Manila Item Setup 1. Outdoor Cart - Free 2. Operating Equipment & Utensils: * (1)Gulaman Container * (1)Super Kalan * (1)Showcase Cabinet * Frying Pan * Complete Set of Kitchen & Operating Utensils * (2)Set of uniform * NOTE: (1)Chest type freezer just add Php 5,000 3. Initial inventory worth Php 2,000