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Zyng Asian Grill

Pan-Asian-style restaurant

Background

Founded: 1997 Franchising since: 1999
P.O. Box 72108 -RPO Atwater
Montreal, Quebec H3J 2Z6
Phone:
(888)328-9964


Franchisor is a privately-held company with 4 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2006 8 6 2 0
2005 -- -- -- --

Where Seeking Franchisees
Not available in the U.S.
Outside the U.S.: Canada

Exclusive territories available.

Costs and Fees

Total investment: $212K-480K
Franchise fee: $25K
Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable
Express/kiosk option available

Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No Yes
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $200K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills

Operations
  • 100% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 9
  • Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 4 weeks
  • At franchisee's location: 2 weeks
  • Additional training available

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Rankings

Franchise 500® rank:
#497 (2005);


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