Sorimmara franchise
2024 filing · July 9, 2024
Sorimmara at a glance
A Korean-style malatang restaurant serving spicy hot pot, crispy sweet and sour pork and fried rice for dine-in and carry-out. At the end of 2023 there were 1 Sorimmara locations in the US, all company-owned.
The business
- Franchisor
- GC Company Global USA, Inc
- The company that sells the franchises
- Current franchisor selling since
- 2024
- Franchisor based in
- Los Angeles, California
- Typical size
- 1,000–2,500 sq ft
What you pay
- Cost to open
- $311K–$558K
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of gross sales, paid monthly, plus a 1% marketing fee
- Brand fund
- 1%
- 1% of gross sales
- Renewal fee
- $15,000
- When the agreement ends and you sign again
- Agreement length
- 5 years
Where it is
- US locations, 2023
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 3 years
- 0
- Franchised locations, 2021–2023
From GC Company Global USA, Inc’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Sorimmara among all franchises with the same figure.
| Figure | Sorimmara | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $434,250 | Costs more than 58% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a Sorimmara franchise costs
Opening one Sorimmara costs an estimated $310,500 to $558,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are construction and leasehold improvements ($150,000 to $250,000) and equipment, furniture and fixtures ($35,000 to $75,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| POS, Computer or Information Systems Fee | $250 | ||
| Initial Franchise Fee | $35,000 | ||
| Real Estate Security/Deposits and Initial Rent | $5,000 | $35,000 | |
| Construction and leasehold improvements | $150,000 | $250,000 | |
| Design and architecture | $6,000 | $8,000 | |
| Equipment, Furniture and Fixtures | $35,000 | $75,000 | |
| Opening Inventory | $15,000 | $30,000 | |
| Insurance | $5,000 | $15,000 | |
| Opening Promotion and Grand Opening | $5,000 | $10,000 | |
| Cash Registers/Other Office Equipment | $3,000 | $15,000 | |
| Initial Training Expenses | $0 | $5,000 | |
| Business Licenses, Utility Deposits, Prepaid Fees | $1,500 | $10,000 | |
| Additional Funds – 3 months | $50,000 | $70,000 | |
| Total | $310,500 | $558,000 | |
Source: GC Company Global USA, Inc, 2024 filing, page 16
Sorimmara franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: GC Company Global USA, Inc, 2024 filing, page 10
Royalty and ongoing fees
| Royalty | 5% of gross sales, paid monthly, plus a 1% marketing fee. |
|---|---|
| Brand or marketing fund | 1% of gross sales. |
| POS, Computer or Information Systems Fee | Up to $250 per month (currently not assessed) |
| Transfer Review Fee (subject to state law) | $2,500 |
| Renewal Fee | $15,000 |
| Local Advertising | Up to 1% of Gross Sales (currently not assessed) |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: GC Company Global USA, Inc, 2024 filing, page 11
Other fees as filed, from pages 12–16. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Sorimmara 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: GC Company Global USA, Inc, 2024 filing, page 45
- Estimate Estimated yearly sales per location
- $810K–$1.4M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Sorimmara compares
Of the 813 restaurant franchises on this site, Sorimmara is the 268th cheapest to open and the 716th largest by number of locations.
| Figure | Sorimmara | Typical restaurant brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $311K | $408K | $222K |
| Cost to open, high end | $558K | $866K | $477K |
| Franchise fee | $35K | $35K | $40K |
| Royalty | 5% | 5% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 1 | 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 | Opened | Closed |
|---|---|---|---|---|
| 2021 | 0 (0) | 0 | 0 | 0 |
| 2022 | 0 (0) | 0 | 0 | 0 |
| 2023 | 0 (0) | 1 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. Company-owned restaurants are run by the franchisor's affiliate.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: GC Company Global USA, Inc, 2024 filing, page 46
Who owns Sorimmara?
Sorimmara franchises are sold by GC Company Global USA, Inc. Its filing names no parent company.
From GC Company Global USA, Inc’s 2024 filing, page 9.
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: GC Company Global USA, Inc, 2024 filing, litigation on page 10, bankruptcy on page 10
Sorimmara filings
The figures on this page come from GC Company Global USA, Inc’s 2024 filing, issued July 9, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | July 9, 2024 | NASAA depository | 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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