Initial Franchise Fee $30,000 Initial Investment $151,700 - $613,000
Full Answer
Is L&L Hawaiian Barbecue part of a global chain?
Is L&L Hawaiian Barbecue the #1 Asian food franchise?
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What is franchise fee?
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.
How long is a franchise 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.
What is a royalty fee?
Ad Royalty Fee. 1-2%. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What is net worth?
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.
Where did L&L start?
Johnson Kam and Eddie Flores Jr. started the first L&L Drive-Inn in Honolulu, Hawaii , in 1976. They later began franchising in Hawaii, and then expanded to California, changing their name to L&L Hawaiian Barbecue to better appeal to mainland customers. Today they offer franchises throughout the U.S. and also has locations in Japan.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
What are the fees for franchises?
Other common opening fees for franchises are similar to a non-franchise business opening. These costs include: 1 General office supplies and equipment 2 Industry-specific equipment 3 Leasehold improvements and construction, if real estate is needed 4 Signage and decor, if not a home-based franchise 5 Inventory 6 Professional fees (e.g. legal, licensing, accounting, etc.) 7 Grand opening advertising/marketing 8 Insurance 9 Taxes
How much does it cost to open a franchise?
Seid, founder and managing director of Michael H. Seid & Associates, the initial investment for a single unit franchise typically falls in the $100,000 to $300,000 range.
What is franchise fee?
The franchise fee is basically a cover charge for entry into a franchise system. Think of it as the fee you pay the franchisor for doing the legwork developing the brand, and saving you from many (not all) of the pitfalls that come with starting a business from the ground up.
What is liquid cash requirement?
Most often, the liquid cash requirement includes an estimate for emergencies and setbacks. It also typically accounts for regular living expenses until the franchise unit begins turning a profit large enough for the franchisee to garner an adequate take-home wage.
Do franchises require liquid cash?
Many franchisors will also specify a minimum liquid cash requirement for those who want to open one of their franchises. This requirement is an amount of money the franchise believes a franchisee should have in savings and be able to access quickly, if needed.
Do franchise fees apply to all franchises?
Note: While these costs are common, they may not apply to all franchises. Please check the franchise disclosure document (FDD) of a specific brand for details on its investment costs and don’t be afraid to ask the franchisor any questions you might have. Also, be sure to go over any franchise agreements with a franchise lawyer and accountant before signing.
Do you need a commercial lease for Dream Vacations?
Continuing with the example of CruiseOne/Dream Vacations, where the estimated initial investment can be under $10,000, since the administrative responsibilities of the franchise can be done from home (or from anywhere as the franchise itself says), there is no need for a commercial lease or real estate purchase. This is significant because the purchase and renovation of real estate is commonly the most expensive and variable cost in opening a franchise. In addition, with franchises like Dream Vacations where the equipment and materials needed for operation is less specialized, the cost is further lessened.
How much does it cost to franchise Line X?
The franchise fee for Line-X is $30,000. The total investment to become a Line-X franchise dealer ranges from $126,750 to $266,500, with liquid cash available of $25,000 and a net worth of $150,000. Terms of Franchise Agreements are 10 years, renewable.
What is Line X franchise?
Line-X is dedicated to its franchise dealers and provides training, technical and product support in all aspects of the industry. Two options are available for potential franchisees: either starting a new franchise in an existing territory; or buying an existing franchise. Starting a Line-X franchise is an exceptional way to launch ...
Where is Line X located?
Line-X is headquartered in Huntsville, Alabama, and serves clients directly and through a network of more than 550 corporate-trained affiliate locations across the United States, and in Canada, Mexico, Asia, Central and South American, and Europe.
What is Line X?
With our main focus on customization, we give the people what they want. An exclusive accessory brand, innovative spray-on bedliners, specialty automotive and protective coatings, together with state-of-the-art equipment and an established network of creative thinkers, problem solvers and entrepreneurs makes LINE-X the top aftermarket retail franchise.
Why Choose Line-X?
From automotive and specialty coatings to industrial applications, LINE-X products help open doors to new markets and opportunities. With multiple revenue streams to choose from, you can mix and match what works for you. Line-X offers: Spray-On Truck Bedliners, Truck Accessories, Automotive Coatings and Protective Coatings.
How much does a senior care franchise cost?
Staffing franchises and senior care typically in the $80,000 to $180,000 investment range. Owners need to be good at building and managing teams, and creating relationships in their communities. This isn't a business where people just walk in and buy a haircut or a hamburger. So it takes a special type of owner to do well in these types of operational models.
What are the two sectors of franchises that can make millions?
Two very profitable franchise sectors today that can also earn into the millions are staffing franchises, and senior care . Senior care is very much in demand right now as 10,000 baby boomers are turning 65 every day and many of them require help with daily functions. We have seen single unit franchises in both in senior care and staffing earning upwards of 20 million dollars a year.
How many car wraps can a franchisee do?
A franchisee might under a single contract provide fleets of 500 car wraps or more. And here is another reason the franchising model works so well. By partnering with an established company with major national accounts and log history of experience you come out of the gate running.
Does master franchising make you a millionaire?
So it takes a special type of owner to do well in these types of operational models. A little known secret - Master franchising has made many millionaires. With master franchising you purchase the licensing rights to a territory. You might buy rights to a single city, or to an entire country.
Do food franchises yield as much as service based franchises?
So there you have it - even though everyone thinks they want a food franchise they often do not yield as much as certain service based franchises that can be as low one tenth of the investment. Every single one of the franchises discussed, even the highest earning franchises - also has franchises in their system that failed.
What is Line X?
LINE-X, the leading manufacturer of high-performance protective coatings and industry-leading automotive and lifestyle accessories, has been ranked in Entrepreneur Magazine’s list of Top 100 Franchises to start for less than $150,000. The list is part of the magazine’s annual Franchise 500 ® rankings that highlight some of the best and highest-performing franchise companies in the nation. This ranking comes shortly after LINE-X was once again named the #1 Miscellaneous Auto Products and Services category for its 11th consecutive year during Entrepreneur Magazine ’s 41st annual Franchise 500 ® rankings.
Is Line X a franchise?
As the first, nationwide franchise of spray-in bedliners, LINE-X franchises have become the perfect option for business owners who are looking for a new opportunity in the $44.6 billion automotive aftermarket industry. The company is one of the largest automotive aftermarket retail franchises in North America and has been growing steadily for ...
Is Line X a trusted brand?
As the LINE-X brand continues to grow through its robust product lineup of protective coatings, Truck Gear by LINE-X automotive aftermarket accessories and lifestyle products, it's obvious why the company was included in this list and others at Entrepreneur Magazine. LINE-X has been the most trusted spray-on bedliner on the market for the last 26 years, and that position continues to be improved by new products and excellent franchise support.
How much does NA LCS pay?
Additionally, the minimum salary for NA LCS pro players will be increased from $25,000 to $75,000. Player salaries will also be guaranteed through their contracts, but the total play population will also be guaranteed to earn at least 35% of league revenues. If the players' share of league revenue is greater than their combined salaries for the year, the difference will be distributed to the players directly
What is NA LCS?
Teams selected into the NA LCS will also enter into a revenue-sharing partnership with Riot Games. League-based revenues including media deals, team-branded digital goods, sponsorships and merchandise sales will be shared among the teams and Riot. Only a portion of revenues that a team makes is added to the revenue pool.
Who is the head of the NA LCS Players Association?
As voted by pros after presentations by several groups at the Players Summit in July, the NA LCS Players Association is headed up by Hal Biagas as Executive Director.
Is the NA LCS a permanent league?
Starting in 2018, teams that participate in the NA LCS will be there as permanent partners of the league . Teams will be selected from an application process and no longer have to face relegation or the promotion tournament. Additionally, the Challenger Series will be rebooted as an Academy League, where each NA LCS organization will field a team of developmental players.
Is L&L Hawaiian Barbecue part of a global chain?
As the owner of an L&L Hawaiian Barbecue restaurant franchise, you’re part of a global chain with an international reputation for excellence.
Is L&L Hawaiian Barbecue the #1 Asian food franchise?
Entrepreneur Magazine ranked L&L Hawaiian Barbecue as the #1 Asian food franchise four years in a row (2020, 2019, 2018, 2017). L&L is a unique concept that serves delicious Asian American dishes that could be addicting. When L&L had a soft opening in Dallas without any advertising, hundreds of people were waiting in line to savor our freshly cooked meals.