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Below is an in-depth analysis and side-by-side comparison of The Flame Broiler Restaurant vs WINGMAN WINGS including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $380,116 - $609,763 | $250,000 |
Franchise Fee | $35,000 | $25,000 - $83,750 |
Royalty Fee | 5% | 4% |
Advertising Fee | 3% | 1% |
Year Founded | 1995 | 1992 |
Year Franchised | 1999 | 2001 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 68-148 hours Classroom Training: 12 hours | - |
Support | Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations | - |
Marketing | Regional Advertising | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 8 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
The first The Flame Broiler, The Rice Bowl King restaurant opened in 1995 in Fullerton, California. Young Lee, who had graduated from UCLA with a degree in Economics and had joined the workforce, often found himself on the road during his workday. As a result, he often found himself grabbing a quick bite to eat for lunch at many different fast food restaurants. Very entrepreneurial in nature, Young Lee set out to create a better, healthier alternative to the fast food he had to choose from while working. This led him to open the first The Flame Broiler, The Rice Bowl King restaurant, which served simple, healthy, fast food and family-style Korean food.
Word about the new restaurant spread, and Young Lee found himself extremely busy during lunch. He quickly developed a very broad customer base; The Flame Broiler, The Rice Bowl King appealed to all ethnicities. The restaurant was a success. Not only did the concept appeal to a diverse group of people, but Young Lee was able to operate on a very low budget, with virtually no waste.
Because of the restaurant’s popularity and success, Young Lee opened a second restaurant in Santa Ana in 1995. Both restaurants have continued to prosper over the years. Then in April of 1999, Young Lee opened a third restaurant in Anaheim, which would be owned and run by his brother. And he has also developed his own proprietary recipe for the Teriyaki sauce served at The Flame Broiler The Rice Bowl King.
Word about The Flame Broiler The Rice Bowl King continued to spread. The Flame Broiler The Rice Bowl King had become so popular on the West Coast that customers began asking Young Lee to franchise, which is what he decided to do in 1999. Young Lee saw franchising as a way to provide even more customers with a better, healthy alternative to fast food while maintaining the high level of service and food quality for which The Flame Broiler The Rice Bowl King is so well known.
Young Lee realizes that franchisees, who have a vested interest in their businesses, will be more dedicated partners in the growth process. By successfully operating their individual The Flame Broiler The Rice Bowl King restaurants, the entire franchise network will have the ability to expand (first through California, then across the nation and eventually internationally), benefit from each others' innovations, and maintain long-term stability. He also realizes that future growth and success can be achieved through the combined efforts of franchisees who have ownership in a business and who have ties to their local communities.
The original owners of what is now Wingman came to Colorado from New York. They found everything to their liking except for one thing. No "Buffalo-Style" chicken wings! Knowing that Colorado residents would come to love wings every bit as much as they did, they decided to open their own restaurant in 1981. Despite some doubt that a single item restaurant could make it, they opened their restaurant in Northglenn, Colorado and everyone loved it. Karl Kigerl and Joe Martin, the current owners, purchased the restaurant in 1992. After years of perfecting the perfect wing and sauce, Karl and Joe knew that the rest of Colorado and possibly the nation would need their "wing fix" and that Wingman was the only place to get it. They knew that the only way to get the word out is to open more Wingman restaurants. During the years it took to get the franchise package togther, Wingman Sauce became a fixture at the dinner table. People could get a bottle of Wingman sauce at the local grocery store or order it over the internet People can now get bottles of Wingman Sauce from their local Wingman fran�chisee. Now, Wingman is soaring to new heights. As a family friendly restaurant specializing in "Buffalo Style" wings, Wingman offers variety to our guests. From 10 wings to 10,000 wings, Wingman fills the bill at the dinner table or becomes the life of the party.