Qualifications & Fees
Do you have what it takes?
Single-vs. Multi-Unit. HuHot will consider single-unit applications for a franchise, but we strongly prefer potential franchisees with restaurant experience who are interested in multi-unit or territory development agreements.
Financial.
You won’t need anywhere near as much to open a HuHot franchise as you would for a typical full-service restaurant. Opening a HuHot in a leased facility will require the following:
- A minimum net worth of $1.5 million
- An individual unencumbered liquid net worth of at least $500,000
- The ability to finance an additional $300,000 to $500,000.
Leasing a location vs. owning land and building a structure also will dramatically influence the startup costs.
Fees & Investment Expectations:
- Franchise Fee: $35,000
- Royalty Fee: 5%
- Marketing Fee: 0.5%
- Required Investment: $750,000 - $1M (varies depending on the size and condition of your location and relative construction costs)
Talk with other franchisees about the HuHot system.
We're positive they’re happy with both the concept and the support they’ve received. And there’s no better perspective than that of someone who just opened a HuHot franchise of their own.
Franchise Partner Profile:
- Have a proven track record of business ownership & restaurant ownership that can contribute to the development of our brand
- Have local knowledge and expertise in the areas of consumer preferences, real estate, government regulations, labor, and distribution issues in the area in which you’ll be franchising
- Have access to adequate capital, such that losses sustainable for 2-3 year period while continuing to develop additional units
- Philosophically aligned
Do you have the right location?
Every conquest needs a strategic base.
Square footage.
A HuHot franchise requires 4,500 to 6,000 square feet of interior space, in an end-cap with good visibility or in a free-standing building. At least 80 parking spaces are required, with signage on at least two sides of the building, and a monument/pole sign.
Mechanical. Based on 5,500 square feet.
- HVAC: one ton per 200 square feet
- Electrical: 600 amp 120/208 V, three-phase, four-wire with three 200-amp branch circuit panel boards
- Plumbing: four-inch sanitary waste line, one-inch cold water supply
- Gas: two-inch minimum line
Traffic, demographics and neighbors.
Each HuHot location should have a daily traffic count of at least 35,000 cars. There should be at least 150,000 people in your immediate trade area, with an average household income of $35K+. Great HuHot neighbors are movie theaters, other high-profile, non-Asian restaurants and big-box retailers
