Cupbop is latest buzzword in Fast Food domain founded in 2013 as a food truck in Salt Lake City, has become the first fast-casual Korean BBQ-in-a-cup concept in the U.S. The brand has grown in popularity, particularly after a successful appearance on Shark Tank and yes they did raise investment from one of the Sharks . It now boasts over 170 global locations mostly in the US and Indonesia serving quick and affordable Korean cuisine with a focus on operational simplicity.This articles covers details about Cupbop Franchise Cost and Investment Cost .
Why Cupbop is very Popular in the U.S and Fast growing
One of the key reason for the same is Cupbop’s unique approach to Korean BBQ makes it easy for customers to enjoy a full meal on the go. Where other brands offer indiviual items CUPBOB memu is mostly full meal .Not to forget the emphasis on authentic flavors and fast service resonates with the busy, modern American lifestyle. The franchise’s casual dining model and high demand for Korean food have led to rapid growth across multiple U.S. states.The korean drama and KPOP has also led to rise K factor in American cuisine .
Investment Costs to open a CupBop Franchise
Cupbop was founded in 2013 by Junghun Song with a very humble begining as a food truck in Salt Lake City. Its unique concept quickly became a hit with both locals and tourists. Although Cupbop has grown over the years, franchise opportunities were not available until recently. Once Franchise started company number of outlet has exploded . The brand’s sole franchisee group raised $10 million to speed up the opening of new stores, highlighting their strong belief in the potential of Cupbop as a leading Korean quick-service restaurant (QSR) brand.
To open a Cupbop franchise or to understand Cupbop Franchise Cost the initial investment ranges from $320,000 to $640,000, depending on whether it’s a storefront or mobile location. This also depends on state location tax structure size format etc
Here are the specifics regarding Cupbop Franchise Cost
- Storefront: $2,90,000–$650,400
- Mobile: $160,000–$250,000
- Franchise Fee: $40,000
- Royalty Fees: 6% of gross sales This is standard Industry Numbers
- Marketing Fees: 2–5% of gross sales
Profit Potential and ROI of CupBop Franchise in the United States
Cupbop Franchise financial are very healthy and its promising return on investment with its established brand and growing demand. The growing demand of Korean Food Menu has lead to 90 U.S. locations, expanding to 200 stores globally, and annual revenues projected to exceed $100 million, the potential for profitability is significant.Its amazing that a company which was aired on Shark Tanks has been able to scale up so fast .
Each CUPBOP Franchisees receive comprehensive support in marketing, training, and operations, ensuring a smooth business setup as part of standard procedure .
Why Invest in CupBop Franchise and is the Cupbop Franchise Cost High
Cupbop is looking for experienced, entrepreneurial franchisees with strong management skills and a passion for customer service. Entrepreneur who have past experience in running such franchise will be given preference and also someone with deep industry knowledge will be more suited to run an outlet . The streamlined business model, combined with the growing popularity of Korean cuisine, makes Cupbop a desirable franchise opportunity.The growing poularity of KPOP and Kdrams will further push the KFOOD space .
