Kinya FDD – Franchise Information, Costs and Fees
Type of Business
As a franchisee, you will operate a full-service “Kinya” restaurant. As the result of the expenditure of time, skill, effort and money, the franchisor and their affiliates have developed and own a unique and distinctive system relating to the establishment and operation of a Kinya full-service restaurant offering Japanese style appetizers, ramen, sushi, side dishes, fountain and bottled beverages, and where allowed by law, a full alcohol bar, unless the franchisor permits operation without a full bar.
Kinya Franchise LLC was formed as a New Jersey limited liability company on June 10, 2022. Their principal place of business is 495 Prospect Avenue, Suite 20, West Orange, New Jersey 07052. They began offering Kinya franchises in August, 2022.
The total investment necessary to begin operation of a Kinya restaurant franchise is $388,700 to $1,563,100. This includes $54,200 to $105,600 that must be paid to the franchisor and/or its affiliate.
If you enter into a Multi-Unit Development Agreement to develop at least three Restaurants, when you sign the Multi-Unit Development Agreement, you will pay a development fee equal to 100% of the initial franchise fee for the first restaurant to be developed, plus 75% of the initial franchise fee the second restaurant to be developed, and 50% of the initial franchise fee for the third and each additional restaurant after the third to be developed under the Multi-Unit Development Agreement. If you choose to develop three restaurants under a Multi-Unit Development Agreement, the total estimated investment for your first Kinya restaurant is $415,700 to $1,590,600. This includes $79,200 to $130,600 that must be paid to the franchisor and/or its affiliate.