Do you want to open a bar & grill business by buying Ghengis Grill franchise? If YES, here is how much it cost to open Ghengis Grill franchise successfully. The Genghis Grill system has remained on top because of its unique energy and its commitment to some of the highest operating standards in the industry.
If you are looking to start a unique business and dedicate yourself to the same, then you should consider a Genghis Grill Franchise. The benefits of owning a Genghis Grill franchise are as numerous as the khanbinations available in their restaurants.
Genghis Grill offers extensive assistance all through every phase of the development process, from site selection and design to training and hosting your Grand Opening. Right from the very inception of this fun and interactive concept, Genghis Grill has carefully nurtured and created an experienced team of franchise and restaurant professionals to assist any new franchisee.
Note that the company’s staff bring a vast wealth of experience from a broad cross section of the franchised food service industry and can help you proffer solutions to any challenges you may face. Note that at Genghis Grill concept, corporate culture and operational systems have been carefully developed to provide you with the critical ingredients to successfully Build Your Own Franchise.
Have it in mind that Genghis Grill does not actually sell a cuisine, instead they offer an interactive style of exhibition cooking modelled after a centuries-old legend. According to this legend, 12th century Mongol armies, led by the mighty warrior Genghis Khan, heated their shields over open fires to grill food in the fields of battle.
At Genghis Grill, diners’ build their own bowls’ from a selection of fresh meats, oils, vegetables, sauces, and spices in Khan’s Kitchen (a food bar featuring an array of over 80 ingredients). The diner then hands the creation over to one of restaurants Grill Masters, who cooks it on a large, round grill in a matter of moments. When it comes to Mongolian Stir Fry, you are looking at the ringleader.
When you invest in this franchise, the start-up support you are expected to receive includes site review, construction assistance and access to architectural and design consultation. The company also offers personalized and comprehensive classroom and on-the-job training, on-site grand opening training and assistance, continuing marketing guidance, exclusive supplier and purchasing programs and ongoing restaurant-level supervision, feedback and support.
Also note that the staff at Genghis Grill have located hundreds of successful restaurant sites. Align that with the specific knowledge of what site and market characteristics make a great Genghis Grill, and you have a formula for success.
This company is overly committed to the success of all franchise owners and will make all arrangements and provide any expertise needed to find your own location and start your business successfully. Although the final decision is yours, they will be there to assist you at every step of the process.
The company looks for franchisees that have restaurant experience, especially operations experience with multi-unit (non-competing) fast-casual concepts. And, of course, they must be well-capitalized. Once up and running, franchisees count on help from field consultants/franchisee liaisons that come to the restaurants to monitor numbers, food costs, labour costs.
Financial Requirements of Opening a Genghis Grill Franchise
- Initial Franchise Fee: $30,000
- First Month’s Rent & Security Deposit (as negotiated by you and your lessor Leasehold Improvements): $119,000 – $285,000
- Furniture, Fixtures, & Signage: $75,000 – $170,000
- Liquor License: Varies
- Initial Training Costs and Opening Team Expenses: $5,000 – $15,000
- Computer Hardware & Software: $15,000 – $30,000
- Initial Inventory/Supplies: $15,000 – $30,000
- Professional Services: $3,000 – $5,000
- Promotional Expenses: $5,000 – $25,000
- Insurance: $2,000 – $10,000
- Additional Funds: $20,000 – $50,000
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Steps on How to Buy a Genghis Grill Franchise
If you’re seriously thinking of acquiring this franchise, there are many things to consider before signing on the dotted line. Note that becoming a Genghis Grill franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success.
However, with the perfect market conditions, skills and dedication, being a Genghis Grill franchisee might be financially rewarding. Owning a Genghis Grill franchise is a serious commitment and works best when you make a thoughtful, educated decision.
1. Due Diligence
It is pertinent you conduct smart due diligence and determine from a business perspective whether owning a Genghis Grill franchise is right for you. If you earnestly want to own a Genghis Grill franchise, get all the information you can from Genghis Grill and secure a qualified advisor who has experience helping people like you purchase franchises.
Also ensure that owning a Genghis Grill franchise fits in with both your skills and life style objectives. If you don’t want to work evening and weekends, don’t purchase an ice cream shop. If you’re an introvert, don’t buy a franchisee that requires you to be extroverted.
2. Genghis Grill Franchise Disclosure Document
You will have to carefully read the Genghis Grill Franchise Disclosure Document (Also known as an FDD). They can be intimidating. Nonetheless, as you are reviewing the Document, you will have a number of calls with Genghis Grill’s franchise team before you will be allowed to call Genghis Grill franchisees. But when you are allowed to call Genghis Grill franchisees make sure you speak to at least five to eight franchisees. You will find that most franchisees will be honest and unbiased about Genghis Grill.
3. Sign Franchise Agreement and Pay Initial Franchise Fee
At this point, you will have to sign your franchise agreement, indicating that you’ve read and agreed to the terms outlined in the agreement and the FDD. At the same time, you’ll pay your initial franchise fee directly to the company, and you’ll be ready to officially start a Genghis Grill franchise.
4. Attend Initial Training
Genghis Grill will provide you and one of your trusted employees with comprehensive initial training at the company’s headquarters and there you’ll learn the ropes of how to operate one of the company’s franchises. You’ll be working with a team of experts on their franchise system, so this is a great opportunity to ask any questions you may have.
5. Start Your Business
Finally, you’ll be ready to open your doors! The customers in your area will be happy that there’s a new Genghis Grill restaurant ready to serve them. Of course, the company’s support doesn’t end here – check out their training and support page to learn more about all of the ongoing support you can count on.
Currently there are no open territories for new franchisees at this time, but there are new opportunities coming soon. However, just because you love Genghis Grill’s products or services doesn’t mean that you will be able to successfully operate a Genghis Grill franchise.
Also being emotionally attached to the idea of becoming a Genghis Grill franchisee is not a state of mind in which you can effectively evaluate an opportunity. Your positive experience as a customer of Genghis Grill should not form the basis for deciding to become a franchisee.