Paik's Noodle (Noodle J-1)
Food & Beverage QSRCompany Information
Address
3470 W. 6th Street, #11 Los Angeles, CA 90020
Website
Tel
Email
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Franchise Summary
Description
You will operate a Paik’s Noodle restaurant. Paik’s Noodle restaurants are quick casual restaurants featuring specialty Chinese noodle dishes and complementary food and beverages.
Company Background
Paik's Noodle Hong Kong 0410 is a new Korean restaurant in the heart of San Francisco. It features noodles, rice dishes and complementary food and beverages. The menu includes traditional Korean dishes such as beef noodle soup, kimchi fried rice, spicy pork stew with ramen-style egg noodles, seafood pancake rolls and more. Paik's Noodle Hong Kong 0410 has been featured on ABC 7 News, SF Eater Blog and other media outlets for its authentic Korean cuisine.
Franchise Opportunity
Korean food is becoming more and more popular, but it can be hard to find a great place to eat. Not only is it hard to find a good Korean restaurant, but the ones that are out there usually have terrible service. Paik's Noodle Hong Kong 0410 is the perfect solution. Our restaurant offers delicious and authentic Korean cuisine, as well as complementary food and beverages. Plus, our staff provides top-notch customer service so you'll always feel welcome and taken care of.
Corporate Structure
We are a California corporation formed on May 31, 2012. Our current principal corporate business address is 3470 W. 6th Street, #11, Los Angeles, California 90020. We do business under our corporate name Noodle J 1, Inc. and the name "Paik’s Noodle." We do not do business under any other name. We have not offered franchises for any other line of business. We have no predecessors, and this is our first offering of franchises.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Paik’s Noodle franchised business is $334,000 to $455,000. This includes the initial franchise fee of $35,000 that must be paid to the franchisor.
Earnings Transparency
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Distribution of Paik's Noodle (Noodle J-1) Franchisees
Paik's Noodle (Noodle J-1) Franchise System Development in 2022
FAQ
How much investment do I need to start my own Paik's Noodle (Noodle J-1) business?
Franchisees typically require at least $349 to $470 investment to get their Paik's Noodle (Noodle J-1) business started
What are the initial franchise fees for Paik's Noodle (Noodle J-1)?
Franchisees typically need to pay at least $35 in fees directly to Paik's Noodle (Noodle J-1) in order to earn the right to launch their business
How much money can I make with a Paik's Noodle (Noodle J-1) franchise? What are
the average revenues for a typical Paik's Noodle (Noodle J-1) business?
We haven’t done the math on how much revenue a typical
Paik's Noodle (Noodle J-1) brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
Paik's Noodle (Noodle J-1) to generate a similar amount
How long do I need to commit to running a Paik's Noodle (Noodle J-1) unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$213,540 to $475,750
which is
Much Lower
than the $0 to $0 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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