Ho-Lee-Chow vs Rice King Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Ho-Lee-Chow vs Rice King including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Ho-Lee-Chow Franchise
Rice King Franchise
Investment $75,000 - $175,000$173,500 - $395,000
Franchise Fee $25,000$13,000
Royalty Fee 6%-
Advertising Fee 3%-
Year Founded 19891982
Year Franchised 19891996
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Ho-Lee-Chow Franchise
Rice King Franchise
Experience --

Financing Options

 
Ho-Lee-Chow Franchise
Rice King Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Ho-Lee-Chow Franchise
Rice King Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Ho-Lee-Chow Franchise
Rice King Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Ho-Lee-Chow

The Ho-Lee Chow concept capitalizes on the quick-food service industry. They cater to the North American love of Chinese food with a quality product and impeccable standards of preparation and delivery. It is fresh, attractive, delicious and healthful, low in additivies and free of MSG. Prepared and delivered hot, fast and fresh to home or office. The Ho-Lee-Chow� concept is based upon applying proven franchise principles to Chinese Food - the last frontier of Quick-Service restaurants. Until Ho-Lee-Chow� was conceived, consumers just couldn't find Chinese Food with the quality, service, value and cleanliness that they have come to expect from other quick service providers, such as hamburgers, subs, pizza and chicken. People want more variety now. Their lifestyles still make convenient quick service food a necessity, but they want a break from the basic fare. The ethnic food sector is booming, and Chinese Food is a favorite.

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