|
Below is an in-depth analysis and side-by-side comparison of Ho-Lee-Chow vs Gyu-Kaku Japanese BBQ Restaurant including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $75,000 - $175,000 | $785,281 - $2,120,001 |
Franchise Fee | $25,000 | $50,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 3% | 1.5% |
Year Founded | 1989 | 1996 |
Year Franchised | 1989 | 1997 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | Classroom training: 46 hours Additional training: At the restaurant |
Support | - | Purchasing, Co-ops, Newsletter, Meetings/Conventions, Grand Opening, Security/Safety Procedures, Site Selection |
Marketing | - | Co-op Advertising, Regional Advertising, Social media, Website development, Email marketing, Loyalty program/app |
Operations | - | Number of employees required to run: 20 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
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.