Franchise
Franchisee Information
We will be your reliable
Profit Analysis
Opening Expense
For 165m2 (unit: 10,000 won / excluding VAT)
Classification | Details | Amount | Remarks |
---|---|---|---|
Franchise fee | Right to use trademark and brand | 3,000 | |
Deposit | Performance guarantee | 1,000 | Refund for cancellation of franchise contract |
Education fee | Menu and store management education fee | 300 | |
Interior | Interior, kitchen facility, chairs, and tables | 6,000 | 120/3.3m2 |
Kitchen equipment | Refrigerator, freezer, sink, etc. | 1,500 | Expenses are subject to change. |
Supplies and fixtures | Refrigerator, freezer, sink, etc. | 500 | Expenses are subject to change. |
Signboard | Front, protrusion (6m, 3m) | 500 | Expenses are subject to change according to size and number. |
POS System | POS, monitor, terminal, etc. | 200 |
Profit Rate Analysis
For 165㎡
Classification | Amount | Rate(%) | Remarks | |
---|---|---|---|---|
Daily sales volume | 1,400,000 | 100 | ||
Monthly sales volume | 42,000,000 | 100 | ||
Sales cost | 12,600,000 | 30 | ||
Gross profit | 29,400,000 | 710 | ||
General administrative expenses | Labor expenses | 6,000,000 | 14.30 | |
Light and heating expenses | 2,000,000 | 4.80 | ||
Overhead expenses | 1,000,000 | 2.40 | ||
Rent | 5,000,000 | 12.00 | ||
Total | 14,000,000 | 33.50 | ||
Operating profit | 15,400,000 | 36.50 | Credit card fee, pre-tax profit |
Franchise procedure of Manghyang Spicy Noodles for successful startup
Store Contact and
Checking with Head Office
- Checking of commercial district and location
(Checked within 2 weeks)
Approval of Head Office
- Opening of franchise store determined by the head office
- Confirmation of disclosure document and franchise contract
Negotiation on Store Opening
- Interior, facility work, etc.
- Negotiation on the store opening process
Contract Signing
- Signing of franchise contract after the lease contract
- Renewal of contract every 2 years after the initial 2-year contract
Interior and
Facility Work
- Site inspection and supervision
Education
- At least three persons, including the store owner
- Education period : 1~2 weeks of practice
- To be repeated if educatees fail the test or show an insincere attitude
Preparation and
Pre-Opening
- Final inspection on preparations through store management simulation
Opening
- Official opening of franchise store and registration of store information on the website
Follow-up Management
- Periodic inspection of the store by the Inspection Team of the head office
- It takes about 30 days after the signing of franchise contract until opening.
- The store owner must select a location appropriate for the target customers and obtain the approval of the head office before signing the lease contract and franchise contract. The store owner is required to receive education in person.