TaKorean franchise
2023 filing · March 29, 2023Shares sales figures
TaKorean at a glance
A fast-casual restaurant serving Korean-inspired tacos, bowls and salads. At the end of 2022 there were 2 TaKorean locations in the US, all company-owned.
The business
- Franchisor
- TaKorean Franchising, LLC
- The company that sells the franchises
- Franchisor based in
- Washington, District of Columbia
What you pay
- Cost to open
- $337K–$782K
- A full restaurant
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- 4%
- 4% of weekly gross revenue, paid weekly
- Brand fund
- 1%
- 1% of weekly gross revenue, paid weekly; it can rise to 2%
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 2
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 2
- Change in 3 years
- 0
- Franchised locations, 2020–2022
From TaKorean Franchising, LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
TaKorean among all franchises with the same figure.
| Figure | TaKorean | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $559,250 | Costs more than 68% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| RoyaltyShare of sales paid to the franchisor | 4% | Lower than 93% of brands with a set rate |
| US locationsFranchised and company-owned | 2 | Fewer than 82% of franchises |
How much a TaKorean franchise costs
Opening a full restaurant costs an estimated $337,000 to $781,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements and construction ($150,000 to $400,000) and kitchen equipment ($30,000 to $90,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $40,000 | ||
| Your Training Expenses | $4,000 | $8,000 | |
| Lease & Utilities deposits | $15,000 | $45,000 | |
| Facility Occupancy | $15,000 | $45,000 | |
| Architectural Plans | $15,000 | $25,000 | |
| Leasehold Improvements and Construction | $150,000 | $400,000 | |
| Furniture and Fixtures | $10,000 | $20,000 | |
| Kitchen Equipment | $30,000 | $90,000 | |
| Signage | $5,000 | $13,500 | |
| POS and back-office computer system | $5,000 | $9,000 | |
| Business Licenses and Permits | $1,000 | $3,000 | |
| Initial Inventory | $5,000 | $8,000 | |
| Professional Fees | $2,500 | $10,000 | |
| Grand Opening Advertising | $24,000 | ||
| Insurance | $500 | $1,000 | |
| Operating Expenses/Additional Funds – 3 months | $15,000 | $40,000 | |
| Total | $337,000 | $781,500 | |
Source: TaKorean Franchising, LLC, 2023 filing, page 15
TaKorean franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: TaKorean Franchising, LLC, 2023 filing, page 9
Royalty and ongoing fees
| Royalty | 4% of weekly gross revenue, paid weekly. |
|---|---|
| Brand or marketing fund | 1% of weekly gross revenue, paid weekly; it can rise to 2%. |
| Technology Fee | Up to $125 per week |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: TaKorean Franchising, LLC, 2023 filing, pages 9 and 10
Other fees as filed, from page 10. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures TaKorean publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: TaKorean Franchising, LLC, 2023 filing, page 46
- Estimate Estimated yearly sales per location
- $890K–$1.6M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How TaKorean compares
Of the 309 fast food franchises on this site, TaKorean is the 142nd cheapest to open and the 260th largest by number of locations.
| Figure | TaKorean | Typical fast food brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $337K | $353K | $222K |
| Cost to open, high end | $782K | $786K | $477K |
| Franchise fee | $40K | $35K | $40K |
| Royalty | 4% | 6% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 2 | 23 | 21 |
| Shares earnings figures | Yes | 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 | Opened | Closed |
|---|---|---|---|---|
| 2020 | 0 (0) | 2 | 0 | 0 |
| 2021 | 0 (0) | 2 | 0 | 0 |
| 2022 | 0 (0) | 2 | 0 | 0 |
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: fast food franchise costs and franchise failure rates.
Source: TaKorean Franchising, LLC, 2023 filing, page 50
Who owns TaKorean?
TaKorean franchises are sold by TaKorean Franchising, LLC.
From TaKorean Franchising, LLC’s 2023 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: TaKorean Franchising, LLC, 2023 filing, litigation on page 8, bankruptcy on page 8
TaKorean filings
The figures on this page come from TaKorean Franchising, LLC’s 2023 filing, issued March 29, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | March 29, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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