HuHot Mongolian Grill

#303

At a Glance

Products & Services: Mongolian grill restaurant

Number of Locations: 48

Total Investment: $777K - 967K

Founded: 1999

Began Franchising: 2002

About HuHot Mongolian Grill

The first HuHot Mongolian Grill opened in Missoula, Montana, in 1999, and franchising began in 2002. At each HuHot restaurants, customers create their own stir fry dishes by filling a bowl with their choices from a selection of meats, seafood, noodles, vegetables and sauces, then handing them over to the chef to grill in front of them. The menu also features appetizers, soups and salads, and desserts.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2013	41	0	0	7
2012	38	0	0	6
2011	32	0	0	6
2010	28	0	0	5
2009	30	0	0	4

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $777,000 - $967,000
Franchise Fee: $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 15 years, renewable

Financial Requirements

Net Worth: $1,000,000
Liquid Cash Available: $300,000

Operations

50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 50. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators).

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 2-4 weeks.

Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation

Marketing Support: Co-op advertising, Ad slicks,

Other marketing support: E-mail, social media