Rank no.314 – Genghis Grill-The Mongolian Stir Fry – US
Products & Services: Build-your-own Asian stir-fry restaurant
Number of Locations: 104
Total Investment: $315K – 740K
Began Franchising: 2001
About Genghis Grill-The Mongolian Stir Fry
Jeff Sinelli purchased Genghis Khan’s Mongolian Feast, a Dallas restaurant, and transformed it into Genghis Grill, Americanizing the Mongolian barbecue menu. The company began franchising in 2001.
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, North Dakota, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, South Dakota, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West Virginia, Wyoming.
Franchisor is seeking new units in Canada, Central America, Mexico, South America.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $600,000
Liquid Cash Available: $300,000
90% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 25. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|