Koya Japan
is a chain of mall-based Japanese fast food restaurants. Since beginning their franchising in the mid 1980s, the chain has grown to 25 restaurants in six Canadian provinces.
Franchise Ownership
Currently, all Koya Japan outlets are owned by franchisees, which pay the parent company 7 percent of gross sales in royalties.
Expansion
The chain seeks to expand from Canada outward into the United States, Bahrain, the United Arab Emirates, Kuwait, Qatar and Saudi Arabia.
Start Up Investment
The average initial start-up investment cost can range from $165,000 to $500,000. There is a minimum $100,000 net worth requirement for all franchisees. Contract terms for start-up franchises can go up to 10 years in length.
Operating Requirements
Franchise locations range in size from 300 to 400 square feet and generally require four employees to operate.
Franchising Fees
Yearly fees for franchising can range from $25,000 to $40,000, which does not include any royalties from gross sales.
