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Below is an in-depth analysis and side-by-side comparison of Yeung's Lotus Express 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 |
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Investment | $230,500 - $496,000 | $785,281 - $2,120,001 |
Franchise Fee | $30,000 | $50,000 |
Royalty Fee | - | 5% |
Advertising Fee | - | 1.5% |
Year Founded | 1987 | 1996 |
Year Franchised | 1987 | 1997 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal 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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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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 |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
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.