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Below is an in-depth analysis and side-by-side comparison of Yeung's Lotus Express vs Sriracha House including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $230,500 - $496,000 | $222,250 - $402,000 |
Franchise Fee | $30,000 | $30,000 |
Royalty Fee | - | 5% |
Advertising Fee | - | 1% |
Year Founded | 1987 | - |
Year Franchised | 1987 | - |
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 | -/- | No/Yes |
Start-up Costs | -/- | No/Yes |
Equipment | -/- | No/Yes |
Inventory | -/- | No/Yes |
Receivables | -/- | No/Yes |
Payroll | -/- | No/Yes |
Training & Support |
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Training | - | On-the-job training: 142 hours Classroom training: 23 hours |
Support | - | Toll-Free Line Online Support Site Selection |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
Yeung's Lotus Express was developed from the Kelly Yeung's many years of
experience in the full line restaurant industry. His vision was to
offer the quality and service of his full-line restaurants at the price
and speed of quick-service restaurants. The first Yeung's Lotus Express was opened in Miami's Bayside Market Place, overlooking Biscayne Bay.
The grand opening was such a success that Kelly decided to leave the
full-line restaurant business and grow Yeung's Lotus Express. There are
now currently over 40 Yeung's Lotus Express restaurants operating as
company owned, partnership, and franchise restaurants.