Franchise FAQ

how much is somi somi franchise

by Dr. Orie Hayes Published 2 years ago Updated 1 year ago
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The total estimated investment necessary to begin operation of a single unit SomiSomi Store franchise ranges from $223,100 $459,I00. This includes a $39,000 initial franchise fee
franchise fee
A franchise fee is a fee or charge that one party, known as the franchisee, pays another party, known as the franchisor, for the right to enter in a franchise agreement.
https://en.wikipedia.org › wiki › Franchise_fee
that must be paid to us, the Franchisor.

Full Answer

How much does somisomi cost?

SomiSomi’s 19 locations in California, Hawaii, and Texas are largely operated by franchisees who pay a $39,000 franchising fee and an $8,500 training fee for the right to do so, according to the company’s website. SomiSomi also receives an ongoing 6.5 percent royalty fee on all franchise stores’ sales.

Did somisomi unfairly terminate a franchise agreement?

Lauren Lim, the franchisee of the Temple City location, alleges in court documents that SomiSomi, whose offices are headquartered in Los Angeles’s Koreatown, unfairly terminated a five-year agreement signed by the two parties, set to expire in 2024.

What happened to somisomi?

On March 22, a separate complaint was filed, alleging diversion of marketing funds to SomiSomi CEO Matt Kim’s other brands, including Sul & Beans, at the expense of SomiSomi franchisees. Lim, along with her husband Daniel Hwang, opened the Temple City location on January 24, 2020.

How many Somisomi locations are there?

What percentage of small business sales fall through?

Is buying a small business a process?

Is Fatburger a franchise?

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How much does it cost to franchise a Somi Somi?

SomiSomi's 19 locations in California, Hawaii, and Texas are largely operated by franchisees who pay a $39,000 franchising fee and an $8,500 training fee for the right to do so, according to the company's website. SomiSomi also receives an ongoing 6.5 percent royalty fee on all franchise stores' sales.

Is Somi Somi a chain?

SomiSomi Soft Serve & Taiyaki is an American chain of independently owned and operated franchised stores based in Los Angeles, California.

How many Somi Somi locations are there?

🍦Get 𝗵𝗮𝗽𝗽𝘆 with 𝗔𝗵𝗕𝗼𝗼𝗻𝗴𝘀! 🎉𝘠𝘰𝘶𝘳 𝘧𝘢𝘷𝘰𝘳𝘪𝘵𝘦 𝘵𝘰𝘱𝘱𝘪𝘯𝘨𝘴, 𝙪𝙣𝙡𝙞𝙢𝙞𝙩𝙚𝙙! 📍CA, HI, NV, TX, AZ & WA (30 locations) + more soon!

What does Somi Somi sell?

WHAT IS SOMISOMI? ​ We serve a special Korean dessert known as “Ah-Boong”, a fish-shaped waffle cone filled with your choice of filling and topped with soft serve.

Is taiyaki Japanese or Korean?

Taiyaki (鯛焼き, lit. 'baked sea bream') is a Japanese fish-shaped cake, commonly sold as street food. It imitates the shape of tai (鯛, red sea bream), which it is named after. The most common filling is red bean paste that is made from sweetened adzuki beans.

Does SomiSomi accept Apple Pay?

What forms of payment are accepted at SomiSomi? SomiSomi accepts credit cards, Apple Pay and Google pay.

Who owns SomiSomi?

Kiyoung Kim - Owner - SOMISOMI SOFT SERVE & TAIYAKI | LinkedIn.

Is SomiSomi vegan?

All of the flavors, except for milk, are lactose-free – great for those lactose-intolerant diners out there (the soft serve, however, is not vegan as it contains dairy). You can customize your ahboong with an ice cream flavor and filling for the taiyaki (Nutella, custard, taro or red bean).

Is taiyaki vegan?

Shop selling taiyaki, a traditional Japanese baked sweet in the shape of a fish and is filled with red bean paste. Regular taiyaki is vegan. The one that comes with ice cream isn't.

What is taiyaki fish?

What is Taiyaki? The most literal translation of taiyaki is fried fish! Tai (sea bream) is a type of fish often considered king among fish in Japan, and yaki can mean fried, baked, or grilled.

What is Korean soft serve?

The Korean ice cream franchise, Softree has gained a huge following of fans for their Korean honey ice cream dessert. This sweet sensation consists of soft serve vanilla ice cream covered in runny honey that hardens slightly when it hits the cool ice cream.

What is Taiyaki ice cream?

The literal translation of “taiyaki” is fried fish, and the team behind the shops reimagined the Japanese concept by making fish-shaped cones, with red bean or custard fillings. Some of the ice cream flavors are matcha, hojicha, vanilla, and chocolate.

What company is Somi under?

The Black LabelJYP Entertainm...JEON SOMI/Record labels

Is Somi under YG?

Jeon shot to domestic stardom as the first-place winner of the competition series Produce 101 and a member of the series' project girl group, I.O.I. Following the conclusion of I.O.I's group activities, Jeon signed with YG Entertainment's subsidiary, The Black Label.

What are Somi fans called?

– She nicknamed her fans Som-taengs and Som-mungchis.

Why is Somi so famous?

On the other hand, SOMI is, indeed, a recognizable name in the K–pop world, due to her appearances in the reality competition shows, Sixteen and Produce 101.

SomiSomi Ice Cream Franchise - Absentee Owner Mall

Business For Sale - SomiSomi Ice Cream Franchise - Absentee Owner Mall - Not Disclosed, California - Find Great Coffee Shops & Dessert Businesses for Sale on BusinessBroker.net

Instagram-Favorite Soft Serve Chain SomiSomi Sued for $450K by SGV ...

A Temple City franchisee of Instagram-popular dessert chain SomiSomi is suing the brand for $450,000 in damages for allegedly violating two laws established by the state to protect franchise ...

SomiSomi Careers and Employment | Indeed.com

Find out what works well at SomiSomi from the people who know best. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Compare pay for popular roles and read about the team’s work-life balance. Uncover why SomiSomi is the best company for you.

Yelp

301 Moved Permanently The resource has been moved to https://www.yelp.com/biz/somisomi-glendale; you should be redirected automatically.

SOMISOMI - 1510 Photos & 787 Reviews - Ice Cream & Frozen Yogurt - 640 ...

COVID update: SomiSomi has updated their hours, takeout & delivery options. 787 reviews of SomiSomi "Great flavor, great texture. Fish cone, awesome! I went in, everyone was really friendly and service was really quick."

When does Somisomi's contract expire?

Lauren Lim, the franchisee of the Temple City location, alleges in court documents that SomiSomi, whose offices are headquartered in Los Angeles’s Koreatown, unfairly terminated a five-year agreement signed by the two parties, set to expire in 2024.

What is Somisomi waffles?

The chain also sells its soft serve in cups and cones, along with Japanese taiyaki (fish-shaped waffles stuffed with custard, sweet red beans, and other fillings). SomiSomi’s 19 locations in California, Hawaii, and Texas are largely operated by franchisees who pay a $39,000 franchising fee and an $8,500 training fee for the right to do so, according to the company’s website. SomiSomi also receives an ongoing 6.5 percent royalty fee on all franchise stores’ sales. The dessert chain’s rapid rise has been fueled in part by the popularity of Instagram food — culinary creations that are “over-the-top, intensely trend-driven, and visually arresting,” as Amanda Mull wrote for Eater.

Why is Somisomi suing Temple City?

A Temple City franchisee of Instagram-popular dessert chain SomiSomi is suing the brand for $450,000 in damages for allegedly violating two laws established by the state to protect franchise owners, namely the California Franchise Investment Law and the California Franchise Relations Act, and for the company’s alleged misuse of funds earmarked for marketing purposes, according to court documents.

Does Somisomi comment on allegations?

Eater reached out to SomiSomi for comment and received the following response: “SomiSomi’s policy is that it does not comment on specific allegations of on-going litigation. SomiSomi is actively litigating the matter on all allegations.”

How many Somisomi locations are there?

SomiSomi franchise serves irresistible Korean-inspired soft serve in ornate fish-shaped cones. Currently there are 12 SomiSomi locations in California, 3 in Texas and 1 in Hawaii. This kiosk is located in a busy shopping center. This location is being operated with help run. Fun business to run!

What percentage of small business sales fall through?

The unfortunate truth is that approximately 50% of all small business sales transactions fall through. While failed transactions can happen for a variety of reasons, Peter Siegel, MBA (BizBen Founder & Lead Advisor) discusses the most common reason deals fall through; unrealistic asking prices.

Is buying a small business a process?

Buying a small business is an often arduous process. Peter Siegel with BizBen.com shares his strategies on this new Podcast session with Brian Loring who asks all the current & essential questions successful business buyers tend to ask and get answered before buying a small to mid-sized business.

Is Fatburger a franchise?

Internationally acclaimed Fatburger along with Buffalo Express & Hurricane Grill (Three in One), Franchise Opportunity on one of the busiest street in Los Angeles. Posting skyrocketing sales after lifting of restrictions. Current Owner selling due to personal reasons. Beer & Wine License in place.

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