Yeung's Lotus Express vs Rice King Franchise Comparison

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

Start-Up Costs and Fees

 
Yeung's Lotus Express Franchise
Rice King Franchise
Investment $230,500 - $496,000$173,500 - $395,000
Franchise Fee $30,000$13,000
Royalty Fee --
Advertising Fee --
Year Founded 19871982
Year Franchised 19871996
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Yeung's Lotus Express Franchise
Rice King Franchise
Experience --

Financing Options

 
Yeung's Lotus Express Franchise
Rice King Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Yeung's Lotus Express Franchise
Rice King Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Yeung's Lotus Express Franchise
Rice King Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Yeung's Lotus Express

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.

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