HuHot Mongolian Grill vs Tiki-Ming Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of HuHot Mongolian Grill vs Tiki-Ming including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
HuHot Mongolian Grill Franchise
Tiki-Ming Franchise
Investment $984,000 - $1,219,000$175,000 - $500,000
Franchise Fee $40,000$30,000 - $40,000
Royalty Fee 5%-
Advertising Fee 0.5%-
Year Founded 19991979
Year Franchised 20011983
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee --


Business Experience Requirements

 
HuHot Mongolian Grill Franchise
Tiki-Ming Franchise
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

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Financing Options

 
HuHot Mongolian Grill Franchise
Tiki-Ming Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
HuHot Mongolian Grill Franchise
Tiki-Ming Franchise
Training --
Support Grand opening, Internet, Security/safety procedures, Field operations/evaluations-
Marketing Co-op advertising, Ad slicks, 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)

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Expansion Plans

 
HuHot Mongolian Grill Franchise
Tiki-Ming Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion NoYes

Company Overviews

About HuHot Mongolian Grill

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.

About Tiki-Ming

Tiki-Ming is one of Canada's pioneers in the Chinese speedy administration industry. Since 1983, Canadians have appreciated the delicious and endearing taste of Tiki-Ming's food. From the minute you approach
Tiki-Ming's popular steam table, you will be welcomed by a cornucopia of delightful and ameliorating Chinese dishes made new day by day by our high-gifted gourmet specialists. From our well known General Tao chicken to our compelling panfry choice, you will experience serious difficulties! Our menu likewise incorporates an assortment of true made-to-request panfry dishes newly arranged in our woks and an assortment of wonderful noodle soups.

Based on convention and bona fide values, Tiki-Ming has an unbelievably wide interest to clients of any age and is prepared to fulfill all Chinese sustenance yearnings!