Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$140K - $270K
- Units as of 2021
1 0.0% over 3 years
Here’s what you need to know if you’re interested in opening a Saucy Asian franchise.
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.
About Saucy Asian
- Franchising Since
- 2021 (1 years)
- Where seeking
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 1 (as of 2021)
- Corporate Address
1267 Willis St., #200
Redding, CA 96001
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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $139,750 - $269,900
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
- to 1%
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
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 OpeningSite Selection
- Marketing Support
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in franchise ownership like Saucy Asian? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse more franchises that are similar to Saucy Asian.
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