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Below is an in-depth analysis and side-by-side comparison of Teriyaki Madness vs Yeung's Lotus Express including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $322,755,862,435 | $230,500 - $496,000 |
Franchise Fee | $45,000 | $30,000 |
Royalty Fee | 6% | - |
Advertising Fee | 3% | - |
Year Founded | 2003 | 1987 |
Year Franchised | 2005 | 1987 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | 10% of franchise fee | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-the-job training: 195 hours Classroom training: 50.5 hours | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Number of Employees Required to Run: 10 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | Yes | - |
Teriyaki Madness is a fast-casual Asian inspired restaurant serving exceptional Teriyaki cuisine in a fun and relaxed atmosphere. Our menu offers an assortment of high quality meats grilled to perfection with our signature sauces, plus a variety of other popular Asian entrees and delicious side dishes.
Yeung's Lotus Express was developed from the Kelly Yeung's many years of
experience in the full line restaurant industry. His vision was to
offer the quality and service of his full-line restaurants at the price
and speed of quick-service restaurants. The first Yeung's Lotus Express was opened in Miami's Bayside Market Place, overlooking Biscayne Bay.
The grand opening was such a success that Kelly decided to leave the
full-line restaurant business and grow Yeung's Lotus Express. There are
now currently over 40 Yeung's Lotus Express restaurants operating as
company owned, partnership, and franchise restaurants.