Myungrang Hot Dog franchise
2022 filing · September 6, 2022
Myungrang Hot Dog at a glance
A Korean hot dog shop frying battered hot dogs and cheese on a stick with a choice of coatings and toppings. At the end of 2021 there were 6 Myungrang Hot Dog locations in the US, all franchised.
The business
- Franchisor
- Myungrang America, LLC
- The company that sells the franchises
- Franchisor based in
- G Diamond Bar, California
What you pay
- Cost to open
- $189K–$517K
- A leased Myungrang kiosk
- Franchise fee
- $35,000
- Or $30,000 for later shops by the same owner
- Royalty
- 4%
- 4% of gross sales, paid monthly
- Brand fund
- None now
- Up to 2% of gross revenue; not charged at present
- Renewal fee
- $15,000
- When the agreement ends and you sign again
- Agreement length
- 10 years
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 6
- Franchised and company-owned
- Franchised
- 6
- Company-owned
- 0
- States
- 3
- Most in California, Arizona and Utah
From Myungrang America, LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Myungrang Hot Dog among all franchises with the same figure.
| Figure | Myungrang Hot Dog | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $352,931 | Costs less than 51% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 4% | Lower than 93% of brands with a set rate |
| US locationsFranchised and company-owned | 6 | Fewer than 69% of franchises |
How much a Myungrang Hot Dog franchise costs
Opening a leased Myungrang kiosk costs an estimated $188,793 to $517,068. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Myungrang America, LLC, 2022 filing, page 31
Myungrang Hot Dog franchise fee
The franchise fee is $35,000, or $30,000 for later shops by the same owner. You pay it when you sign the franchise agreement.
Source: Myungrang America, LLC, 2022 filing, page 15
Royalty and ongoing fees
| Royalty | 4% of gross sales, paid monthly. |
|---|---|
| Brand or marketing fund | Up to 2% of gross revenue; not charged at present. |
| Subfranchise Agreement Renewal Fee | $15,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Myungrang America, LLC, 2022 filing, pages 17 and 20
Other fees as filed, from page 26. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Myungrang Hot Dog 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: Myungrang America, LLC, 2022 filing, page 68
- Estimate Estimated yearly sales per location
- $540K–$950K
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Myungrang Hot Dog compares
Of the 309 fast food franchises on this site, Myungrang Hot Dog is the 40th cheapest to open and the 211th largest by number of locations.
| Figure | Myungrang Hot Dog | Typical fast food brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $189K | $353K | $222K |
| Cost to open, high end | $517K | $786K | $477K |
| Franchise fee | $35K | $35K | $40K |
| Royalty | 4% | 6% | 6% |
| US locations | 6 | 23 | 21 |
| Shares earnings figures | No | 189 of 309 | 2,147 of 3,352 |
Typical is the median across the 309 brands in fast food franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2019 | 1 (+1) | 0 |
| 2020 | 3 (+2) | 0 |
| 2021 | 6 (+3) | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. Counts are U.S. shops.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: fast food franchise costs, hot dog franchises and franchise failure rates.
Source: Myungrang America, LLC, 2022 filing, page 69
Where Myungrang Hot Dog locations are
At the end of 2021, Myungrang Hot Dog had franchised locations in 3 states. The most are in California, Arizona and Utah.
- California4
- Arizona1
- Utah1
| State | Franchised |
|---|---|
| California | 4 |
| Arizona | 1 |
| Utah | 1 |
Source: Myungrang America, LLC, 2022 filing, page 70
Who owns Myungrang Hot Dog?
Myungrang Hot Dog franchises are sold by Myungrang America, LLC.
From Myungrang America, LLC’s 2022 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: Myungrang America, LLC, 2022 filing, litigation on page 15, bankruptcy on page 15
Myungrang Hot Dog filings
The figures on this page come from Myungrang America, LLC’s 2022 filing, issued September 6, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | September 6, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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