Type of Business
The franchise is for a Yeung’s Lotus Express/Wok A Holic Restaurant offering and serving a limited menu of “fast food” items having a Chinese food theme. The menu also includes various beverage products and occasional promotional items. An area development program is also offered.
Corporate Information
YEUNG’S LOTUS EXPRESS FRANCHISE CORP. was incorporated in Florida on May 2, 1997. They do business under the name “Yeung’s Lotus Express” and “Wok A Holic”. Their principal business address is 4531 Ponce de Leon Boulevard, Suite 300, Coral Gables, Florida 33146. They have offered and sold the franchises described in this Disclosure Document since 1998.
Investment
The total investment necessary to begin operation of an individual or unit Yeung’s Lotus Express franchise is from $295,000 to $1,403,500. This includes $30,250 – $120,600 that must be paid to the franchisor or affiliate.
The total investment necessary to begin operation of an area developer franchised business will depend on the number of franchises to be opened (minimum of two). Based on opening two Yeung’s Lotus Express/Wok A Holic units, an area developer’s initial investment is estimated to be between $590,000 to $2,807,000. This includes $60,500 – $241,200 that must be paid to the franchisor or an affiliate.
