HuHot Mongolian Grills

Mongolian grill restaurants
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Franchise 500 2023
2023 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$984K - $1.2M
Units as of 2019
64 Increase 10.3% over 3 years

Company Overview

The first HuHot Mongolian Grill opened in Missoula, Montana, in 1999, and franchising began in 2002. At HuHot, guests create their own stir fry by choosing from a selection of meats, seafood, noodles, vegetables and sauces, then handing them over to a "grill warrior" to cook in front of them. The menu also features appetizers, soups, salads, and desserts.

About HuHot Mongolian Grills

Industry Food
Related Categories Miscellaneous Full-Service Restaurants
Founded 1999
Leadership Andy Vap, CEO
Corporate Address 223 E. Main St.
Missoula, MT 59802
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 2002 (21 years)
# of employees at HQ 26
Where seeking

This company is offering new franchisees in the following US states:

# of Units 64 (as of 2019)

Information for Franchisees

Here's what you need to know if you're interested in opening a HuHot Mongolian Grills 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 Information Circle
$40,000
Initial Investment Information Circle
$984,000 - $1,219,000
Net Worth Requirement Information Circle
$1,000,000
Cash Requirement Information Circle
$300,000 - $500,000
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
0.5%
Term of Agreement Information Circle
15 years
Is franchise term renewable? Yes
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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 HuHot Mongolian Grills 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 205 hours
Classroom Training 20 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 50
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where HuHot Mongolian Grills landed on this year's Franchise 500 Ranking versus previous years.

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022