- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$159K - $237K
- Units as of 2020
-
1 0.0% over 3 years
Founded in 2015, Banh Mi Boys is a fast-food restaurant specializing in Vietnamese cuisine called banh mi, as well as other specials. The sandwiches from Banh Mi Boys may be great because they are convenient to produce, consume, and customize to their customers’ preferences.
When it comes to fast-casual restaurants, Americans may be looking for different options. Banh Mi Boys restaurant believes it has developed dynamic, delicious, and nutritious recipes. The meals are prepared with fresh ingredients, and a growing number of Americans may love the franchise’s Vietnamese cuisine, Korean-inspired tacos, and revamped side dishes.
Banh Mi Boys began franchising in 2020 and is actively seeking to expand its reach.
Why You May Want to Start a Banh Mi Boys Franchise
If you are passionate about food and would love to open a fast-food restaurant, a Banh Mi Boys franchise might be what you are looking for. The company believes it is well-positioned to gather customers all over the United States, thanks to its ability to produce fresh, unique, and tasty sandwiches.
Banh Mi Boys believes that the business can move forward with integrity, passion, growth, and teamwork. If you believe in these same values, becoming a Banh Mi Boys franchisee means that you will be in business with a brand that shares the same values as you.
What Might Make a Banh Mi Boys Franchise a Good Choice?
Banh Mi Boys strives to focus on more than just feeding people. The brand emphasizes maintaining quality and turning their customers into repeat ones. With that in mind, what Banh Mi Boys believes sets it apart from other fast-casual restaurants is its ability to consistently produce what its customers want.
Banh Mi Boys' services may be easily customizable, so their customers could always have dynamic options to choose from. Franchisees are responsible for hiring, training, and coordinating their business’s operations, potentially giving you more power over how you want to run your franchise.
To be part of the Banh Mi Boys franchise team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open a Banh Mi Boys Franchise
Before applying for a Banh Mi Boys franchise, ensure that you have researched the brand and ascertained that it could do well in your area. Perform your due diligence before making any financial commitment or signing an agreement with Banh Mi Boys.
If awarded a franchise, Banh Mi Boys franchisees receive support from the Banh Mi Boys brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. Banh Mi Boys franchisees may also receive hands-on training and continued support after their franchise location has opened.
It may be a good idea to speak with an attorney or financial advisor in order to ensure that you have the financial resources necessary to own and operate a Banh Mi Boys franchise.
Company Overview
About Banh Mi Boys
| Industry | Food |
|---|---|
| Related Categories | Food: Quick Service, Miscellaneous Sandwiches |
| Founded | 2015 |
| Leadership | Peter Nguyen, CEO |
| Corporate Address |
5001 Airline Dr. Metairie, LA 70001 |
Business Overview
| Franchising Since | 2020 (6 years) |
|---|---|
| # of employees at HQ | 5 |
| # of Units | 1 (as of 2020) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Banh Mi Boys franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$30,000 |
|---|---|
|
Initial Investment
|
$158,500 - $237,300 |
|
Net Worth Requirement
|
$30,000 |
|
Cash Requirement
|
$30,000 |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
to 1% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Banh Mi Boys has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 30 hours |
|---|---|
| Classroom Training | 8 hours |
| Ongoing Support |
Grand Opening
Site Selection
|
| Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
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No |
|
Are exclusive territories available?
|
Yes |
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