Jinya
JINYA offers franchises for fast casual ramen bars and bushi by JINYA restaurants, providing a diverse menu of Japanese dishes. Known for its fresh preparation and variety, JINYA operates in the quick-service restaurant sector.
Jinya franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of one Standard JINYA Ramen Bar ranges from approximately $1,385,500 to $3,044,000. For a bushi by JINYA, it ranges from approximately $470,500 to $1,033,500. [p.1, p.25]
What is the initial franchise fee?
The initial franchise fee is $40,000 and it constitutes part of the franchisor's general operating funds [p.12, p.210]. This fee is fully earned when paid and non-refundable [p.13].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 5% of Gross Sales [p.78], while the marketing fund fee is 1% of net sales amounts, accrued at the end of every month [p.234]. These fees can be adjusted by up to 0.5% per year but not exceeding 3% of Gross Sales [p.81].
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts. The provided FDD excerpts do not detail the length of the initial franchise agreement or the renewal process beyond mentioning that Franchisor may offer to amend the term on substantially similar terms if they are unable to provide their then-current form of Franchise Agreement [p.107].
Can I sell or transfer my franchise, and what does that require?
The franchisor has the right to refuse permission for the transfer of ownership of a franchise except for good cause [p.201]. This provision does not prevent a transfer, but it gives the franchisor discretion over approving such transfers.
On what grounds can the franchisor terminate the agreement?
The franchisor may terminate the agreement on any grounds available by law [p.210]. Additionally, if no grounds for default or termination stated in the Franchise Agreement constitute "reasonable cause" as defined under Virginia Retail Franchising Act or Virginia laws, such provisions may not be enforceable [p.216].
What financial requirements — net worth and liquid capital — do I need to qualify?
The franchisor does not specify exact net worth or liquid capital requirements for franchisees in the provided excerpts. However, it mentions that if the franchisor's most recent financial statements are unaudited and show a net worth of less than $100,000.00, the franchisor may escrow initial investment funds until obligations are fulfilled [p.202]. Additionally, you must maintain adequate reserves and working capital sufficient to cover your obligations and risks for at least 3 months [p.26], though specific amounts are not detailed. This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
You will receive a protected territory around your JINYA Ramen Bar, but it is not exclusive. The franchisee will have limited rights within this Protected Territory and may face competition from other JINYA Ramen Bars or competitive brands controlled by the franchisor [p.45]. This isn't specified in the excerpts for an absolute exclusivity guarantee.
What training and ongoing support does the franchisor provide?
The franchisor provides an Initial Training Program consisting of approximately 400 hours of training for each individual before opening a JINYA Ramen Bar [p.42]. This program is supervised by specific trainers and includes certification tests to ensure completion [p.44]. Additionally, the franchisor may provide Grand Opening Support at its discretion, which can include on-site training with selected representatives [p.85]. Ongoing support isn't detailed in these excerpts, but additional training programs might be offered for a fee [p.35].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts. The provided FDD excerpts do not give a specific number of current franchised outlets or those that have closed or been terminated.
Does the franchisor share any financial performance or earnings information?
The franchisor does not make any financial performance representations other than the one specified in Item 19. If you are purchasing an existing outlet, they may provide actual records of that outlet's performance [p.65]. This isn't specified in the excerpts for new franchises.
What am I restricted to selling, and where must I buy supplies?
You are restricted to selling only the ramen dishes and other food and beverage products, as well as all Branded Products, Proprietary Products, and Non-Proprietary Products authorized by the franchisor. You must purchase these items from the franchisor, its affiliates, or Approved Suppliers [p.28]. Additionally, you may have to buy or lease certain items from suppliers designated by the franchisor, which might be more expensive than those you could buy on your own [p.4].