Cheong Kwan Jang Ginseng Store Franchise Review

Franchise Information

Cheong Kwan Jang Korean Ginseng Store is a retail store offering branded products that feature various consumer health supplement products.

How much does a Cheong Kwan Jang Ginseng Store franchise cost?

Cheong Kwan Jang Ginseng Store has a franchise fee of up to $9,000, with a overall initial investment range of $101,000 to $302,000.

• Initial Franchise Fee: $9,000
• Total Investment: $101,000 to $302,000
• Working Capital: $10,000 to $30,000
• Royalty Fee: 3.0%

The upfront investment of any franchised business includes several fees. Check out this investment opportunity to better understand the specific costs required to buy a Cheong Kwan Jang Ginseng Store, such as territory fees, real estate costs, pre-opening marketing, and furniture and fixtures purchases. As a reminder, franchise companies must to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay. Another important item to review is whether the upfront fees are refundable to you or not. The franchise system must disclose what conditions any of the upfront fees are refundable. A franchise must also provide details of a range of fees if their initial fees are not the same within the franchise. A thorough review of the Item 5 initial fees will give you the answers needed to make an informed investment decision this franchise.

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How much can I earn by owning a Cheong Kwan Jang Ginseng Store franchised business?

As with any new business, the franchise owner's salary and the earnings from a Cheong Kwan Jang Ginseng Store business depends on a variety of factors. One way to check on the potential revenues or profits earned from a Cheong Kwan Jang Ginseng Store franchise investment is to analzye the franchisor's Item 19 within their FDD. Typically, profits and owner's salary are equitable to the size of the investment and number of locations you buy. Demand for your products, your labor costs, commercial lease rates and several other variables also play a huge role in your bottom line and your personal salary

For more details and system-specific data on the earnings of a Cheong Kwan Jang Ginseng Store franchised business, unlock this franchise opportunity

How many franchise locations does Cheong Kwan Jang Ginseng Store franchise operate?

As of the 2018 Franchise Disclosure Document, there are 30 franchised Cheong Kwan Jang Ginseng Store locations across the United States.

Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.

Are there any Cheong Kwan Jang Ginseng Store franchises in my preferred location?

Based on 2018 FDD data, Cheong Kwan Jang Ginseng Store has franchised locations in 11 states.

Based on our research this franchise opportunity is growing into new cities and could be available in your city. While planning your franchise purchase, you always need to be considering what is a good location for my franchise. Review the potential customer base to assess that the area you are looking at has a need or a market for this business.

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Last Reviewed: 2018