BD's Mongolian Barbeque vs Rice King Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of BD's Mongolian Barbeque vs Rice King including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
BD's Mongolian Barbeque Franchise
Rice King Franchise
Investment $881,000 - $2,276,500$173,500 - $395,000
Franchise Fee $45,000$13,000
Royalty Fee 5%-
Advertising Fee --
Year Founded 19921982
Year Franchised 19961996
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 50% of fee at time of renewal-


Business Experience Requirements
 
BD's Mongolian Barbeque Franchise
Rice King Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    BD's Mongolian Barbeque Franchise
    Rice King Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    BD's Mongolian Barbeque Franchise
    Rice King Franchise
    Training Company certified training restaurant-
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations-
    Marketing Co-op advertising, Ad slicks, National media-
    Operations Franchisees required to buy multiple units/master licenses; 60% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 75 - 100

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    BD's Mongolian Barbeque Franchise
    Rice King Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About BD's Mongolian Barbeque

    BD's Mongolian Barbeque is the world's number one Create Your Own Stir-Fry restaurant concept where the guests choose their own ingredients from a great variety of meats, seafood, vegetables, salads, sauces and spices. The food is then prepared by master grillers on a 600 degree 7-foot grill. Since 1992, has been delivering a unique, interactive dining experience that sets us apart from the competition. has created a growing band of loyal customers that believe passionately about their ability to take charge of their own dining event. We call this our "You Rule the Experience" philosophy. The guests don't just like bd's, they "love it" as they feel they can take ownership of their own dining experience.

    The total investment necessary to begin operation of a bd’s Mongolian Grill® Restaurant is $881,000 to $2,276,500. This includes $45,000 to $65,000 that must be paid to the franchisor or an affiliate.
    Development fees for Area Development Agreements are $45,000 for the first restaurant plus $10,000 for each additional restaurant that you agree to develop under the terms of the franchisor’s development schedule. These amounts will be credited against the payment of your initial franchise fees for each restaurant that you develop.

    About Rice King

    The Asian Food Market is growing fast! Today, the hottest segment among Fast Food Restaurants is 'ethnic' cuisine. Among the hottest of the hot is Chinese / Japanese. There should be no surprise, considering that Chinese food has 97% awareness (1) in the United States, with a wide base of appeal across the adult population. In fact, Chinese food is so ingrained in the American culture that it is no longer considered ethnic.(2) (1) The Emerging Ethnic Foods Market. U.S. Consumer Intelligence, June 2004 (2)- Ethnic Cuisines, National Restaurant Association, 2003 Benefits 1. Stable Sales 2. Training 3. Training Management Skills 4. Co-Advertising 5. Food Distribution Channels 6. Developing New Menu Items 7. Lease Negotiations