- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$140K - $270K
- Units as of 2021
-
1 0.0% over 3 years
Saucy Asian is a counter-serve cafe franchise that brings Korean street food to the United States with classic Latin and California influences. The Saucy Asian franchise highlights the purity of old-fashioned, plant-based Korean cuisine against the more carnivorous food concepts of the West, tied together by innovative fusion sauces.
Behind Saucy Asian is first-time restaurateur Andrew Shinn, who opened the doors of his first Saucy Asian location in 2017. With the franchise, he is counting on flavors that tap into his family’s traditions. Shinn has a degree in international culinary studies, and many of his original recipes were crafted during his studies. Shinn finds fulfillment from offering his native cuisine in ways that everyone around the world can enjoy.
Why You May Want To Start a Saucy Asian Franchise
If you’re thinking of quitting your 9-5 to embark on an exciting career as a restaurant franchisee, opening a Saucy Asian franchise could be a good start. Saucy Asian is currently looking for franchisees who share their mission of providing good food without being boring. If you thrive in an environment where people help each other and do so in an upbeat, inspiring atmosphere, you could be an excellent addition to the Saucy Asian franchise family.
Saucy Asian franchises typically run for a period of ten years, after which you can renew your franchise if you meet their qualifications.
What Might Make a Saucy Asian Franchise a Good Choice?
Saucy Asian utilizes a bold approach to Korean food, combining sauces and meat concepts from around the world to create something completely new. Customers can bowl it, wrap it, fold it, or poke it, and then top it. But don’t forget to side it, chug it, and ice it. Customers may enjoy the customization the Saucy Asian allows while being true to its Korean cuisine.
To be part of the Saucy Asian 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.
Saucy Asian has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll if you meet their qualifications.
How To Open a Saucy Asian Franchise
As you decide if opening a Saucy Asian franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Saucy Asian franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement with Saucy Asian, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Saucy Asian franchising team questions.
Company Overview
About Saucy Asian
| Industry | Food |
|---|---|
| Related Categories | Asian Food |
| Founded | 2017 |
| Leadership | Andrew Shinn, CEO |
| Corporate Address |
1267 Willis St., #200 Redding, CA 96001 |
Business Overview
| Franchising Since | 2021 (3 years) |
|---|---|
| Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
| # of Units | 1 (as of 2021) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Saucy Asian 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
|
$25,000 |
|---|---|
|
Initial Investment
|
$139,750 - $269,900 |
|
Net Worth Requirement
|
$25,000 |
|
Cash Requirement
|
$25,000 |
|
Royalty Fee
|
5.5% |
|
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 | Saucy Asian 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 | 36 hours |
|---|---|
| Classroom Training | 10 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?
|
No |
|
Are exclusive territories available?
|
Yes |
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