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Below is an in-depth analysis and side-by-side comparison of HuHot Mongolian Grill vs Zyng Asian Grill including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $984,000 - $1,219,000 | $212,000 - $480,000 |
Franchise Fee | $40,000 | $25,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | 0.5% | - |
Year Founded | 1999 | 1997 |
Year Franchised | 2001 | 1999 |
Term Of Agreement | 15 years | 10 years |
Term Of Agreement | 15 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | # Have a proven track record of business ownership & restaurant ownership that can contribute to the development of our brand # Have local knowledge and expertise in the areas of consumer preferences, real estate, government regulations, labor, and distribution issues in the area in which you'll be franchising # Have access to adequate capital # Philosophically aligned | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
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Training | - | Additional training periodically |
Support | Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 50 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | No | Yes |
HuHot Mongolian Grills, L.L.C. started with a Mongolian BBQ grill called Mongos Mongolian Grill in Missoula, Montana in June 1999. Since then, the concept has proven to be very successful and the company plans to rapidly expand. The name HuHot (the ancient capital of inner-Mongolia) was chosen for future and franchised restaurants. It’s trampling old notions of full-service dining. Warming lamps and steam tables lie smashed in its wake. At HuHot, diners customize their own meals by choosing from dozens of fresh vegetables, meats, noodles and sauces.
An exciting, fresh, vibrant, contemporary Asian dining experience! Set in an Asian-inspired, funky, vibrant market atmosphere, you are immediately attracted by the colors, sounds and smells permeating throughout the casual dining restaurant. In late 1995, Canadian businessman Arnold Shostak was in the Far East - China, Japan, Hong Kong, Singapore and Thailand. Before the trip, in his usual methodical and careful manner, he'd "read ahead" - guide books, histories, business reports, the Internet. He was an informed traveler and knew what to expect in each of the countries on his itinerary. Even so, Asia's ubiquitous noodle shops surprised him. "I couldn't believe how many there are - countless thousands! And I was amazed at their efficiency - even little mom-and-pop-owned-and-operated noodle restaurants were thriving, humming at all hours". An open kitchen with a Teppan Grill is the center stage for The Noodle People, cooking dishes emanating from China, Japan, Thailand, Vietnam, Singapore & Korea. Choose from our large and diverse selection of appetizers - dumplings, yakitori, spring rolls, noodle salads, small bowls of soup and more. A variety of specialty meals-in-bowls including the world's best Pad Thai, the one and only Zyngapore Noodles, Zyng Peanut Toss as well as other favorites.