Do you know that Korean eating places in the US have grown from 2,000 to 7,000 in line with the New York Instances? One of many meals objects particularly that gained recognition state-side is Korean avenue meals and also you’d be shocked to know that corndogs are among the many checklist. Two Arms Corn Canine is one meals cease that’s rising round the US and so they’re open for franchising.
How a lot does it price to open Two Arms Corn Canine? To franchise this Korean avenue meals, your internet price have to be a minimal of $100,000. Count on the funding vary to be round $89,000 to $304,000 and the franchise charge to be $35,000. That is considerably cheaper than most meals franchise ideas the place an preliminary funding of $500,000 is on the low finish of the pricing.
Study extra concerning the Two Arms Corn Canine funding and franchise with them. You can too take our 7-minute franchise quiz to get match with a franchise alternative that matches your pursuits.
Monetary Necessities and Charges
Beneath are the monetary necessities to franchise a Two Arms Corn Canine outlet:
| Charges / Bills | Monetary Quantity |
| Web Price | $100,000 |
| Whole Funding | $89,000 to $304,000 |
| Franchise Charge | $35,000 |
There are two choices in franchising Two Arms Corn Canine retailers:
- Common Outlet Program: A single outlet that may be opened in a shopping center, strip buying middle or free-standing unit. The funding is round $205,000 to $304,000 and the scale is 500 to 1,000 sq. toes.
- Market Outlet Program: A single outlet that may be opened in a grocery retailer, grocery store or different location owned by a 3rd occasion. The funding is round $89,000 to $137,000 and the scale is 200 to 750 sq. toes.
As well as, the royalty charge to open a daily outlet is 4% of product sales whereas the market outlet is 10% of product sales. Advertising charge is 1% of product sales whereas the native promoting charge is as much as 1% of product sales. The time period of the Two Arms Corn Canine franchise is 5 years.
Common Gross sales / Income per 12 months
As of the time of this writing, there isn’t any official report on how a lot Two Arms Corn Canine makes yearly. Common gross sales per unit is one thing you’ll wish to focus on with the corporate consultant. This isn’t unusual for a brand new franchise with a small variety of items to not checklist this info of their FDD. They’re new to the sport and don’t have a protracted monitor document throughout markets.
Two Arms Corn Canine Franchise Details
| Whole Models | 40+ |
| Integrated Title | Two Arms America Inc. |
| Franchising Since | 2019 |
| Trade | Corndogs |
| Subsector | Meals and Beverage |
Two Arms Corn Canine should not your typical American corndogs which are merely simply hotdogs dipped in a batter and deep fried. Two Arms follows the Korean type corndogs which can include the next variation of filling: half sausage and half mozzarella, complete sausage or complete mozzarella. These are then dipped in batter, deep fried, and sprinkled with sugar.
However Two Arms Corn Canine provides extra selection to their menu by having their batter both coated in crispy rice puffs or potato cubes, and sprinkled along with your selection of injeolmi (Korean bean powder), scorching Cheetos or their signature seasonings. You can too select to place spicy or candy sauce, candy ranch sauce, or your traditional ketchup and mustard.
Korean corn canines.
Except for Korean type corndogs, in addition they have sides resembling soiled fries, elote, and kimchi seasoning fries. Drinks embody a slush sequence resembling lemonade and horchata.
The enterprise began in 2019 in Los Angeles, California. At current, they’ve about 40 areas however they’re aiming to open 100 extra areas within the subsequent 12 months.
To franchise Two Arms Corn Canine, fill out the franchise inquiry type right here and submit it to them. They’ll consider your software and you then’ll get to obtain their Franchise Disclosure Doc (FDD) to assessment. They’ll additionally consider the situation of your selection. As soon as each events are in a good relationship, you’ll get to signal the Franchise Settlement which makes every part official.
Subsequent, you’ll find a way to check out the design of your outlet previous to development. Coaching comes subsequent and you then’ll get to do a delicate opening earlier than the grand opening.
The Chief Government Officer of Two Arms Corn Canine is Donghun Yoo and he has been with the corporate since they began in 2019.
How A lot Does Two Arms Corn Canine Make in Revenue?
It isn’t recognized how a lot Two Arms Corn Canine makes in revenue since there isn’t any official monetary document that was publicly reported. Nonetheless, an evaluation was made that should you franchise with them, you may anticipate a internet revenue margin of 8-12%.
An 8% to 12% revenue margin is taken into account good within the restaurant business. The typical revenue margin for eating places is round 3% to five%, so an 8% to 12% revenue margin is nicely above common.
There are a number of explanation why restaurant revenue margins are usually so low. First, the price of meals is a significant expense for eating places. Eating places usually must pay a excessive markup on meals, which might eat into their income. That is the great thing about promoting gourmand corn canines. The product is extensively accessible, low-cost to buy, and has a protracted shelf life.
The product can also be easy to coach entry degree staff to make and additional retains costs low. From a price perspective this can be a very interesting meals enterprise.
Benefits of a Two Arms Corn Canine Franchise
Thinking about franchising this Korean avenue meals chain by now? Right here’s extra to study Two Arms Corn Canine and the benefits this enterprise brings:
Korean Meals
Korean meals has turn into very widespread within the latest years. And although corndogs should not precisely Korean in origin, the best way it’s made and the number of corndog flavors is a factor in South Korea. Due to social media (mukbangs or meals vlogs), corndogs gained recognition and has unfold to U.S. shores.
So should you do determine to franchise Two Arms, know that Korean corndogs are fairly a success with millenials and Gen Z.
Menu Selection
As talked about above, the corndogs that Two Arms serves on their menu have assorted flavors. You may nonetheless select to get the traditional American corndog which they serve. However you can even attempt some others which are enjoyable and attention-grabbing as nicely that clients received’t get bored.
Along with the flavors, you can even select the fillings. You are able to do half cheddar and half mozzarella, spicy beef sausage, and even plant based mostly sausage. In keeping with their web site, they’re additionally about to debut plant based mostly mozarella and half plant-based sausage and mozarella.
Two Arms Recent Corn Canine.
Low start-up prices: The beginning-up prices for a Two Arms franchise are low ($89,000 to $304,000 preliminary price) in comparison with different franchise alternatives. This will make it a lovely choice for buyers with restricted capital. This additionally means you received’t want to attend as lengthy or generate as many gross sales to turn into worthwhile.
Challenges of a Two Arms Corn Canine Franchise
If you wish to franchise Two Arms Corn Canine you then’ll must be ready with the challenges that this enterprise brings. Listed here are a number of to arrange for:
Competitors
You’d be shocked to know that Korean type corndogs should not uncommon within the American meals scene lately. There are a number of meals shops that promote these resulting from their recognition. There’s Myungrang Hotdogs (with over 650 areas), CrunCheese, and Stix Corndogs. There’s additionally extra locations popping up that serve Korean type corn canines so if you wish to franchise Two Arms and anticipate it to be a success, you’ll have to discover a actually good location for it to be successful.
It’s Not For Everybody
Korean corndogs are beloved by many however the style of it isn’t for everybody. For starters, People are used to corndogs which have ketchup and mustard and it’s recognized to be extra of a savory deal with. Korean corndogs however are a bit candy. It would simply take some time to get new clients that don’t know what Korean corndogs are. You might need problem discovering a buyer base in sure elements of the US.
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It May Be A Fad
Korean corndogs have been round for therefore lengthy but it surely’s admittedly widespread now. However for the way lengthy? We’re unsure in the event that they’re right here to remain or not. Some individuals imagine that they’re a passing development, whereas others imagine that they’re right here to remain.
There are a number of elements that would contribute to Korean corn canines changing into a fad. First, they’re visually interesting and will be made to look very inventive. Second, they’re comparatively reasonably priced and will be discovered at quite a lot of eating places and meals vans. It’s not a troublesome delicacies to concentrate on so the market does have the potential to turn into saturated.
Location is Important
The situation of your franchise is crucial to its success. It’s essential to select a location that’s in a heavy-traffic space and that has the potential to draw clients. In case you look on the working map of Two Hand Corn Canine s franchises, you’ll see the items are concentrated in California, Texas, and Arizona. There are additionally a number of franchises in New York, Nevada, and Oregon.
However you received’t discover any items positioned in states like Montana, Idaho, or North Dakota but. That is doubtless due partially to much less consciousness of the product and model. In case you determine to open this franchise in an untested space, chances are you’ll have to focus extra of your efforts into advertising.
Is the Two Arms Corn Canine Franchise Proper For You?
Corn canines and condiments.
Two Arms Corn Canine looks as if a fairly good franchise however resulting from a scarcity of official monetary info, it’s troublesome to evaluate whether or not or not they’re price investing in. Nonetheless, when you’ve got a extremely good location and you’ve got a group that’s into the Korean Wave, it is perhaps price a shot.
However, you can even attempt to put up your personal Korean corndog enterprise reasonably than franchise. You may attempt a number of recipes on-line, buy your gear and select your personal location. You could possibly get monetary savings since franchises cost royalty charges and the Two Arms Market Outlet has an costly royalty charge of 10%.
What’s an alternate Two Arms Corn Canine franchise?
In case you’re nonetheless excited by Korean type corndogs, you may take a look at Myungrang Hotdogs. They’re a series of Korean avenue meals positioned in the US, Canada, United Kingdom, Philippines, Taiwan, and Australia with over 650 areas. To franchise Myungrang Hotdogs, anticipate the franchise charge to be $35,000.
Have you ever determined whether or not Two Arms Corn Canine is the precise franchise for you? I hope this information was ready that will help you consider the professionals and cons of this distinctive alternative.
