- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$984K - $1.2M
- Units as of 2019
-
64 10.3% over 3 years
Company Overview
About HuHot Mongolian Grills
Industry | Food |
---|---|
Related Categories | Miscellaneous Full-Service Restaurants |
Founded | 1999 |
Leadership | Andy Vap, CEO |
Corporate Address |
223 E. Main St. Missoula, MT 59802 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 2002 (22 years) |
---|---|
# of employees at HQ | 26 |
Where seeking |
This company is offering new franchises in the following US states: |
# of Units | 64 (as of 2019) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a HuHot Mongolian Grills franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$40,000 |
---|---|
Initial Investment
|
$984,000 - $1,219,000 |
Net Worth Requirement
|
$1,000,000 |
Cash Requirement
|
$300,000 - $500,000 |
Royalty Fee
|
5% |
Ad Royalty Fee
|
0.5% |
Term of Agreement
|
15 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | HuHot Mongolian Grills has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 205 hours |
---|---|
Classroom Training | 20 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 50 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where HuHot Mongolian Grills landed on this year's Franchise 500 Ranking versus previous years.
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