Chinese cuisine chains are located in cities all over the country. Their menus offer a variety of Chinese cuisine meals including fried rice, chicken and steak. People like them because they can get a Chinese cooked meal for a reasonable price without having to prepare it themselves.
Cash in on franchised Chinese restaurants by opening your own in your city. Large conglomerates own these chains and franchise them out, so get the scoop on start up costs and other regulations. Decide if you will run it yourself or hire a management team. Look for the following when deciding on franchise terms for Chinese cuisine chains:
1. Decide which Chinese fast food franchise is right for you.
2. Decipher start up cost, initial investment and net worth requirements for Chinese fast food chains.
3. Determine other requirements to see if Chinese fast food franchises are right for you.
Action Steps
The best contacts and resources to help you get it done
Check availability and pricing for a chain of Chinese cuisine restaurants
Not every franchise has openings in your area. Once you have decided on a chain, contact them to find out if you can open a store in your area. If they have no need in your local area, they will send you a list of close areas that need a local restaurant. You can also decide on a restaurant chain based on total price or down payment needed. You can check your state to see which restaurant chains have openings.
I recommend: Manchu WOK offers franchises across the country. They provide information on their website including initial fees, royalties and other pertinent information.
Ho-Lee-Chow offers franchises in Canada and
Pick Up Stix operates in the Western US.
Ask the Chinese food franchises about initial investment
Initial investments for restaurant chains is usually high however, some cost less than others cost. Before you decide, find out exactly what monetary
commitments you will need to make upfront. Remember also, that the initial investment for the franchise fee only covers the franchise itself and you will still
need working capital for such expenses as electricity, phone and payroll.
I recommend: Asian Concepts offers franchise opportunities with a franchise fee of $15,000. Total investment ranges from $191,700 to $255,400.
BD's Mongolian Barbeque offers franchises and requests you have $750,000 liquid cash and a net worth of $2.5 million.
Open a Chinese restaurant chains for immediate business
When you open a chain store, you are cashing in on the name of the franchise. People know that whether your store is in Maine or California they will get
the same menu and service and they stop at a familiar place. This is why you buy a franchise but the down side is there are tight regulations on franchises.
You will get your operating schedule, menu and décor from the company. If you fail to meet your obligations, which usually include buying all of your
supplies from them, you will lose your franchise.
I recommend: Franchise Advantage offers a list of current available restaurant chains. Check the non-monetary requirements before you invest in the business of your choice.
Franchise Gator provides company names and websites of current restaurant chain franchise opportunities. Check hours of operation, training requirements and where to buy supplies before you buy.
Tips & Tactics
Helpful advice for making the most of this Guide
- Purchase business insurance for Chinese food chains before you open for business. Make sure your insurance covers all hazards including accidents and food poisoning as well as the normal fire and theft.
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