Hibachi Grill
Japanese food
- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$312K - $365K
- Units as of 2018
-
2 0.0% over 3 years
Company Overview
About Hibachi Grill
| Industry | Food |
|---|---|
| Related Categories | Asian Food |
| Founded | 2010 |
| Leadership | Adel Nassar, CEO |
| Corporate Address | 2131 S.W. 2nd Ave. Miami, FL 33129 |
| Social |
Business Overview
| Franchising Since | 2018(5 years) |
|---|---|
| # of employees at HQ | 10 |
| # of Units | 2(as of 2018) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Hibachi Grill 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
|
$29,900 |
|---|---|
| Initial Investment
|
$311,900 - $364,900 |
| Net Worth Requirement
|
$29,900 |
| Cash Requirement
|
$29,900 |
| Royalty Fee
|
5-6% |
| Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Hibachi Grill 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 | 80 hours |
|---|---|
| Classroom Training | 16 hours |
| Ongoing Support |
Grand Opening
|
| Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
| Can this franchise be run from home/mobile unit?
|
No |
| Can this franchise be run part time?
|
No |
| Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like Hibachi Grill? Request a free consultation with a Franchise Advisor now.
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