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Below is an in-depth analysis and side-by-side comparison of Rising Roll Gourmet vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $283,000 - $425,500 | $122,850 - $213,450 |
Franchise Fee | $30,000 | $25,000 |
Royalty Fee | - | 5% |
Advertising Fee | 2%local + 1%Nat'l | 2% |
Year Founded | 1996 | - |
Year Franchised | 2003 | - |
Term Of Agreement | - | 10 years +5+5 |
Term Of Agreement | - | 10 years +5+5 |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | Some familiarity with restaurant operations is helpful, but it’s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | No/- |
Start-up Costs | -/- | No/- |
Equipment | -/- | No/- |
Inventory | -/- | No/- |
Receivables | -/- | No/- |
Payroll | -/- | No/- |
Training & Support |
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Training | - | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
Support | - | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
Rising Roll awards franchise opportunities to qualified candidates, looking for a proven model for franchise success. Unlike other models, Rising Roll reduces the risks associated with starting a business by providing a proven system that combines; superior product, a refined approach and industry specific expertise. This program allows franchisees to maximize their profitability potential and attain high levels of efficiency. Our team's franchising experience is extensive. The restaurant's founders and concept development team have perfected the Rising Roll Gourmet restaurant model into a highly franchise-able concept - a pure standout within the rapidly growing Fast Casual segment. Let us help you benefit from our experience!