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HuHot Mongolian Grills

2014 Franchise 500
#391
At a Glance

Products & Services: Mongolian grill restaurant

Number of Locations: 53

Total Investment: $777K - $977K

Founded: 1999

Began Franchising: 2002

About HuHot Mongolian Grills

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
2014 45 0 0 8
2013 43 0 0 6
2012 38 0 0 6
2011 32 0 0 6
2010 28 0 0 5
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $777,000 - $977,000
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).
Direct Capital
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

Franchise Ranking History

Franchise 500®: #391 (2014), #303 (2013), #486 (2012), #386 (2010),

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