We are pleased to offer you the opportunity to join us as a BangkokStation's franchisee and be on your way to owning and running a successful business.
These are some of the benefits you will enjoy as a BangkokStation's franchise:
| • | You will have the opportunity to run your own business and reap the rewards that come from being responsible for your own success. Through BangkokStation's unique approach to training and support, you are in business for yourself, not by ourself. |
| • | You will receive the tools to help you succeed in your business, including support in various areas such as chef,operations, training, advertising, marketing, public relations, real estate, construction, purchasing and equipment. |
| • | You will experience the joy that comes from working with people - your restaurant staff, customers and the local community. |
(1) NEW RESTAURANTS
The costs for starting an entirely new restaurant can be anything between RM150 thousand to RM200 thousand. The costs also depend on the restaurant size and type, its location, style of décor and landscaping.
Initial Costs
| (A) | USD 15,000 (approximately RM52,500, subject to prevailing exchange rate) Franchise fee paid upon or prior to the commencement of the franchise. |
| (B) | RM45,000 - RM70,000 Interest-free security deposit for the faithful performance of the franchise (approximately 2 months' deposit for service fee, royalty and marketing contribution or 3 months' rental deposit), refundable upon the expiration of the franchise. |
| (C) | RM50,000 - RM80,000 Pre-opening expenses - Staff training and salaries, stock trading, living expenses while training and other normal start-up costs. |
| (D) | RM50,000 Approximate cost of kitchen equipment, signage, seating, decor and landscaping paid to individual suppliers. |
| (E) | Other Miscellaneous Costs Stamp duty (paid to the government) is assessed on necessary documentation and is paid by the franchisee in addition to the working capital required. Legal fees are paid by the franchisee to cover the preparation of the franchise documentation |
Ongoing Fees (Monthly)
Royalty Fee
A Royalty Fee, which is a system fee, is based on a percentage of the restaurant's gross sales, which is currently at 5%.
Service Fee
For a developmental license (whereby the capital investment is solely borne by the franchisee), a monthly service fee is charged based on a percentage of the restaurant's gross sales. This is currently set at no less than 5% of the gross sales. For a conventional license (whereby the capital investment is shared between Bangkok Station's and the Franchisee), a monthly rental, being a fixed base rent and/or a percentage of the gross sales, is determined by the total development cost of the restaurant.
Marketing Contribution
Currently at 5% of the restaurant's gross sales
