The Franchise of the Month for July is a sizzling hot restaurant that was JUST named the #1 Fastest Growing Chain in the U.S. – beating out household names like Popeye’s, Sonic, and Wingstop. Opening 25 new shops during a pandemic is unheard of—but it happened. And they anticipate opening 40 this year.
This opportunity is NOW. They are having success finding secondary spaces (i.e. failed existing restaurants). Their space requirement is flexible – 1,300 -2,000 sq ft. It works in a variety of locations.
The food is delicious and customizable. They serve oversized portions of marinated chicken, beef or tofu – and rice or fresh cut veggies made fresh in a wok with gluten free sauces in just a few minutes.
With 95 locations open, there is plenty of track record. According to their current FDD – AUV is over $1MM – and by the way their item 19 is one of the more thorough and transparent out there.
Some additional reasons we like it:
- This category of food is one of the fastest growing
- The leadership team is VERY seasoned – If I said more I’d give it away☺
- Works in small towns
With an investment range of $322,755 to $862, 435 – this brand’s sales to investment ratio is 2.0 – well above the industry average of 1.7.
There’s an additional VERY unusual twist: the brand has developed a fully passive model where, for a fee, they completely run the restaurant for you! This means that it’s a VERY attractive option for developers, landlords, investors wanting to immigrate via an E2 Visa, people who have never run a restaurant before, and full-time professionals. Then later if you learn and want to take back management there is a structure and timeline in place for you to do so.
Want to know more about the Franchise of the Month July? Click the button below!
