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Below is an in-depth analysis and side-by-side comparison of BD's Mongolian Barbeque vs Kim Chi including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $881,000 - $2,276,500 | $175,000 - $500,000 |
Franchise Fee | $45,000 | $30,000 - $40,000 |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 1992 | 1979 |
Year Franchised | 1996 | 2006 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 50% of fee at time of renewal | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Company certified training restaurant | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations | - |
Marketing | Co-op advertising, Ad slicks, National media | - |
Operations |
Franchisees required to buy multiple units/master licenses; 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 75 - 100
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
Go along with Us. We are continually hoping to grow our system of establishments by improving and offering our clients the most stretched out assortment of flavorful new and top notch items. Turning into a KimChi establishment proprietor implies that you will have admittance to the skill of our exceedingly experienced experts who have made KimChi a first rate well being nourishment idea through the accompanying ranges:
* Delicious and Healthy Recipes
* Training and Operation Support
* Purchasing Power
* Established Advertising and Marketing Strategies
On the off chance that you are occupied with seeking after a KimChi establishment opportunity, please fill out free Franchise Advice Form to the right.