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Below is an in-depth analysis and side-by-side comparison of Koryo Korean Barbeque vs Rice King including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $275,000 - $325,000 | $173,500 - $395,000 |
Franchise Fee | $30,000 - $40,000 | $13,000 |
Royalty Fee | - | - |
Advertising Fee | - | - |
Year Founded | - | 1982 |
Year Franchised | - | 1996 |
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 | - | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | - |
International Expansion | Yes | - |
The imaginative personalities off camera have made a totally new class of eating through Koryo Korean Barbeque eateries crosswise over Canada. Globally inside the following 5 years! By wedding a portion of the finest Korean culinary customs with advanced ways of life and tastes Koryo eateries gladly offer Affordable Gourmet. Each feast is deliberately arranged with grade A meats, no additives and no MSG. Nourishment requests are started up on a hot flame broil just before your eyes while the incredible administration at every eatery is complimentary with your supper! You are welcome to experience what a large number of others have come to love.
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