KPOT Korean BBQ & Hot Pot franchise
2024 filing · July 29, 2024
KPOT Korean BBQ & Hot Pot at a glance
A full-service restaurant where guests cook Korean barbecue and hot pot at the table. At the end of 2023 there were 54 KPOT Korean BBQ & Hot Pot locations in the US, 39 franchised and 15 company-owned.
The business
- Franchisor
- KPOT Franchise LLC
- The company that sells the franchises
- Franchisor based in
- Randolph, New Jersey
What you pay
- Cost to open
- $733K–$1.92M
- Fee, build-out and opening working capital
- Franchise fee
- $50,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of gross sales, paid monthly
- Brand fund
- Yes
- $2,000 a month, paid with the royalty; it can rise to $2,500
- Agreement length
- 20 years
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 54
- Franchised and company-owned
- Franchised
- 39
- Company-owned
- 15
- States
- 16
- Most in Florida, Texas and Georgia
From KPOT Franchise LLC’s 2024 filing; revenue and net loss from its audited financial statements, page 90; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
KPOT Korean BBQ & Hot Pot among all franchises with the same figure.
| Figure | KPOT Korean BBQ & Hot Pot | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $1,325,900 | Costs more than 88% of franchises |
| Franchise feePaid once, when you sign | $50,000 | Higher than 70% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 54 | More than 66% of franchises |
How much a KPOT Korean BBQ & Hot Pot franchise costs
Opening one KPOT Korean BBQ & Hot Pot costs an estimated $733,200 to $1,918,600. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: KPOT Franchise LLC, 2024 filing, page 22
KPOT Korean BBQ & Hot Pot franchise fee
The franchise fee is $50,000. You pay it when you sign the franchise agreement.
Source: KPOT Franchise LLC, 2024 filing, page 15
Royalty and ongoing fees
| Royalty | 5% of gross sales, paid monthly. |
|---|---|
| Brand or marketing fund | $2,000 a month, paid with the royalty; it can rise to $2,500. |
| Technology Fee | Currently $1,000 per month |
| Local Marketing | $1,700 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: KPOT Franchise LLC, 2024 filing, page 16
Other fees as filed, from pages 16–19. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures KPOT Korean BBQ & Hot Pot does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: KPOT Franchise LLC, 2024 filing, page 55
- Estimate Estimated yearly sales per location
- $1.1M–$2M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How KPOT Korean BBQ & Hot Pot compares
Of the 813 restaurant franchises on this site, KPOT Korean BBQ & Hot Pot is the 613th cheapest to open and the 202nd largest by number of locations.
| Figure | KPOT Korean BBQ & Hot Pot | Typical restaurant brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $733K | $408K | $222K |
| Cost to open, high end | $1.92M | $866K | $477K |
| Franchise fee | $50K | $35K | $40K |
| Royalty | 5% | 5% | 6% |
| US locations | 54 | 14 | 21 |
| Shares earnings figures | No | 474 of 813 | 2,147 of 3,352 |
Typical is the median across the 813 brands in restaurant franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2021 | 1 (+1) | 4 |
| 2022 | 7 (+6) | 9 |
| 2023 | 39 (+32) | 15 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: KPOT Franchise LLC, 2024 filing, page 56
Where KPOT Korean BBQ & Hot Pot locations are
At the end of 2023, KPOT Korean BBQ & Hot Pot had franchised locations in 16 states. The most are in Florida, Texas and Georgia.
- Florida6
- Texas6
- Georgia3
- Maryland3
- New Jersey3
- New York3
| State | Franchised |
|---|---|
| Florida | 6 |
| Texas | 6 |
| Georgia | 3 |
| Maryland | 3 |
| New Jersey | 3 |
| New York | 3 |
| North Carolina | 3 |
| Michigan | 2 |
| Ohio | 2 |
| Alabama | 1 |
Source: KPOT Franchise LLC, 2024 filing, page 57
Who owns KPOT Korean BBQ & Hot Pot?
KPOT Korean BBQ & Hot Pot franchises are sold by KPOT Franchise LLC.
From KPOT Franchise LLC’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: KPOT Franchise LLC, 2024 filing, litigation on page 14, bankruptcy on page 15
KPOT Korean BBQ & Hot Pot filings
The figures on this page come from KPOT Franchise LLC’s 2024 filing, issued July 29, 2024, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | July 29, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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