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Introduction to Lok Lok Dumpling Bar Brand - Chinese.pdf Size : 1425.604 Kb Type : pdf |
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Introduction to Lok Lok Dumpling Bar Brand.pdf Size : 21314.482 Kb Type : pdf |
Frequently Asked Questions (FAQ)
Why should I join the Lok Lok Dumpling Bar team?
Joining the Lok Lok Dumpling Bar team gives you the great opportunity to own your business, but not just any business – a proven business with a low investment, simple operations, flexible floor plans, national and local support, national and regional advertising, a two week training program, ongoing learning for our owners and their staff, store development assistance, design support, lease negotiations, construction guidance and much, much more.
What is the start-up cost for a new Lok Lok Dumpling Bar restaurant?
While the initial franchise fee is $50 000, each location is different and the total investment varies depending on restaurant size, build-out costs, location, etc.
What is the availability of sites and territory in my area of interest?
Since we cannot predict which locations will be available when the recruitment process is completed, flexibility regarding location may be required.
What does it cost to buy an existing Lok Lok Dumpling Bar restaurant from a franchisee?
Agreements to buy an existing Lok Lok Dumpling Bars location are made directly between buyer and seller and are subject to prior written consent from Lok Lok Dumpling Bar. Costs associated with the transfer vary with each specific situation.
What is the profitability of the business?
Our employees, salespeople, or Development Agents are not permitted to furnish any oral or written information concerning actual or potential sales. Actual results vary from restaurant to restaurant and we cannot estimate the results of any particular franchise. We encourage you to call Lok Lok Dumpling Bar restaurant's large number of multi-unit owners to learn first-hand why they decided to acquire additional franchises. There are many variables that make it impossible to predict future results with any certainty, including such factors as: sales, location, occupancy and operating costs, the financing terms, your ability to manage and control the business and other factors. For these reasons, we do not predict sales, costs, or profits for any store or network of stores, nor can we predict whether or to what extent you may succeed at a particular location. We encourage you to fully review the Lok Lok Dumpling Bar Franchise Disclosure Document (FDD), discuss our business with existing franchisees as well as with a competent attorney and accountant.
May I qualify financially with other partners?
A single candidate must personally meet the financial qualifications. However, if a partnership or corporation is formed, Lok Lok Dumpling Bar considers the overall financial strength of the business partnership or corporation.
What happens after I submit my online application?
We will email you a confirmation receipt when we receive your online application. It will detail the next steps in the application review process.
How long is the entire process of becoming a Lok Lok Dumpling Bar franchisee?
Becoming a franchisee is a multi-step process that includes Candidate Pre-Qualification, Due Diligence, Business Plan Review and Approval, Contract Signing, Franchise Training, Site Selection, Construction and Grand Opening. On average, the candidate approval process takes approximately 60-90 days, and the typical length of time between the signing of the Store Development Agreement and opening a Restaurant for business is 4-6 months.
Is it still possible to be approved as a new franchisee if I do not have direct quick-service restaurant experience?
Franchises selection is based on many factors. Direct quick-service restaurant experience is ideal but not essential.
Why do I have to order my supplies from your vendor?
We require all franchisees to order food from an approved food distributor. This ensures that all Lok Lok Dumpling Bar restaurants have the best quality food while allowing maximum savings.
