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Updated RecentlyTiki-Ming vs Little Sheep Hot Pot Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tiki-Ming vs Little Sheep Hot Pot including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $175,000 - $500,000 | $500,000 - $1,200,000 |
| Franchise Fee | $30,000 - $40,000 | $50,000 |
| Royalty Fee | - | 6% |
| Advertising Fee | - | - |
| Year Founded | 1979 | 1999 |
| Year Franchised | 1983 | 2003 |
| 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 | - | For our franchisees (two persons at most) soup base and broth formulation and preparation food preparation and presentation management of the dining area and the kitchen financial control POS system inventory control etc. training workshops in various forms at irregular intervals to facilitate communication and learning for all of our franchisees. |
| Support | - | After the grand opening of the franchised restaurant, we will visit its business and operation from time to time. Then, based on the inspections results, we will make proper suggestions and require corrections when necessary to enhance the franchisee's profitability. We will supply the Little Sheep proprietary soup condiments, designate some of the meat, food and beverage, constructive materials and equipment suppliers, and also assist franchisees with the purchase of dishware, uniforms, and some of the key materials as part of our franchising support. |
| Marketing | - | By establishing the System Marketing Fund (1% of total sales of each store, including the corporate affiliates and franchisees), we will consolidate all marketing resources for the most optimized result. It will continue to enhance the brand image through advertisement, promotion, PR event and brand image exposure in order to boost the restaurant's recognition and credibility. Moreover, we will also facilitate various marketing activities to support franchisee's own marketing programs. |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About Tiki-Ming
Tiki-Ming is one of Canada's pioneers in the Chinese speedy administration industry. Since 1983, Canadians have appreciated the delicious and endearing taste of Tiki-Ming's food. From the minute you approach
Tiki-Ming's popular steam table, you will be welcomed by a cornucopia of delightful and ameliorating Chinese dishes made new day by day by our high-gifted gourmet specialists. From our well known General Tao chicken to our compelling panfry choice, you will experience serious difficulties! Our menu likewise incorporates an assortment of true made-to-request panfry dishes newly arranged in our woks and an assortment of wonderful noodle soups.
Based on convention and bona fide values, Tiki-Ming has an unbelievably wide interest to clients of any age and is prepared to fulfill all Chinese sustenance yearnings!
About Little Sheep Hot Pot
Thank you for your interest in Little Sheep Hot Pot's franchise program.Little Sheep Hot Pot has made big progress since it embarked its journey in North America in 2005. At present, there are about 10 affiliate stores operating across Canada and United States. Based on its healthy dining concept, unique product and high quality control, Little Sheep Hot Pot has established its successful business model. Furthermore, its competitive advantages of product uniqueness, potential to grow and standardized operating system enable a good start of franchise.
If you have any further inquiry about our franchise program, please contact us at your convenience. You can explore more information in our website
www.littlesheephotpot.com and you are welcome to visit our stores.
Yum China Holdings, Inc. is China's leading restaurant company with a vision of making every life taste beautiful. From a single restaurant in 1987, the company now operates over 7,500 restaurants over 1,100 cities and towns spanning every province and autonomous region across mainland China.