KPOT FDD – Franchise Information, Costs and Fees
Type of Business
As a franchisee, you will operate a full-service KPOT Hot Pot & Barbecue restaurant offering Korean BBQ and other dishes prepared in a Hot Pot cooking method at the dining table, containing a variety of East Asian food and ingredients, and where allowed by law, a full alcohol bar, unless the franchisor permits operation without a full bar. Under the KPOT System, franchisees will operate their restaurants using the franchisor’s proprietary recipes, proprietary sauces and spices, operational techniques, trade dress, trademarks and logos.
KPOT Franchise LLC was formed as a New Jersey limited liability company in May, 2021. Their principal place of business is 19 Quail Run, Randolph, New Jersey 07869. They began offering KPOT franchises in July, 2021.
The total investment necessary to begin operation of a KPOT restaurant franchise is $425,700 to $1,713,100. This includes $80,450 to $127,850 that must be paid to the franchisor and/or its affiliate.
The franchisor also offers the opportunity for a franchisee to sign a Multi-Unit Development Agreement that will allow development of at least three franchises in a defined area. The total initial investment necessary under the Multi-Unit Development Agreement equals $50,000 multiplied by the total number of Restaurants to be developed. This amount is payable to the franchisor. The franchisor credits this development fee in increments of $50,000 against the initial franchise fee for each restaurant developed upon the signing of each franchise agreement. The total investment necessary to begin operation of each restaurant under a multi-unit development agreement is the same as that for a single unit. The total amount paid to the franchisor , per location, is also the same as for a single unit.