General

Industry

Food and Beverage

Category

Fast Casual Restaurant

SBA Identifier

S4175

Year of Founding

2012

Fees

Marketing Fee

1%

Royalty Fee

3%

Franchise Fee

$35,000-$35,000

Investment Range

$349K-$470K

Location units

Total U.S. Locations

16

U.S. Franchised Units

15

U.S. Corporate Units

1

Headquarters (City)

Los Angeles

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2012

Issuance of FDD Data

03/30/2022

What to know about Paik's Noodle franchise?

As a Paik’s Noodle franchisee, you will operate a quick casual restaurant featuring specialty Chinese noodle dishes and complementary food and beverages.

Paik's Noodle is based in Los Angeles, CA. Scroll down to learn more!

How much does a Paik's Noodle franchise cost?

Are you wondering how much is a Paik's Noodle franchise? Before starting a Paik's Noodle franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Paik's Noodle franchise is $349,000 and can go all the way up to $470,000. Keep in mind, you should also allocate additional funds to live off of while the Paik's Noodle business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Paik's Noodle franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Paik's Noodle business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Paik's Noodle franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Take Our Quiz

Industry Report Request

Download our guide to compare Paik's Noodle. Hotels to the Fast Casual Restaurant, Outdoor Food and Beverage industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2017 10 3 1 11
2018 12 0 1 10
2019 11 0 0 11
2020 11 2 0 13
2021 13 2 0 15

Additional Details

How much does a Paik's Noodle franchise owner make?

Paik's Noodle franchise earnings and revenue can vary significantly from one franchisee to another.
The Paik's Noodle franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Paik's Noodle unfortunately does not disclose financials on how much Paik's Noodle franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Paik's Noodle does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Paik's Noodle franchisees. Do note that Paik's Noodle is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Paik's Noodle franchisees to understand how much money they are making from their Paik's Noodle business.

You should also speak to former Paik's Noodle franchisees to understand why they left the system. Did they sell their Paik's Noodle at a profit? Were they forced to close their Paik's Noodle franchise down because it kept losing money?

What is the Paik's Noodle franchise fee?

Owning a Paik's Noodle franchise requires 3% royalty fee and 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Paik's Noodle Franchise Disclosure Document

Keep in mind, there is also an initial Paik's Noodle franchise fee of $35,000 that is included in the initial investment amount of $349,000 to $470,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Paik's Noodle franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Paik's Noodle franchise fee of $35,000.

Visit the Paik's Noodle metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Paik's Noodle founded?

Paik's Noodle started offering franchises in 2012. Paik's Noodle was founded 10 years ago in 2012.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Paik's Noodle locations are in the U.S.?

As of 2022, there were 15 locations across the U.S. There are also corporate locations. Most Food and Beverage franchises like Paik's Noodle have more franchised locations than corporate locations.

How many Paik's Noodle franchises opened over the past few years?

Over the prior 3 years we have data for, Paik's Noodle has opened 4 outlets throughout the U.S. Visit the Paik's Noodle metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Paik's Noodle franchises closed over the past few years?

Over the prior 3 years we have data for, Paik's Noodle has closed 0 outlets throughout the U.S

Visit the Paik's Noodle metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is Paik's Noodle growing? Are they opening more locations than they are closing?

The net unit growth rate for Paik's Noodle over the past 3 years is 36%. Over the last year we have data for, Paik's Noodle had a net unit growth rate of 15%.

Without a comparison, this number doesn’t mean much. Compare how the Paik's Noodle growth rate compares to 2,000+ other franchises and Industry franchises like Paik's Noodle. More info in the Paik's Noodle metrics tab.

Is Paik's Noodle franchise eligible for an SBA Loan?

Paik's Noodle is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Paik's Noodle franchise was assigned the SBA Franchise ID of S4175 on 05/07/2019. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Paik's Noodle that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Paik's Noodle a franchise in the United States?

According to the SBA, Paik's Noodle meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Paik's Noodle provides you with an FDD if you are in discussion to buy a Paik's Noodle.

What is the Paik's Noodle Franchise for Sale Rate?

The Paik's Noodle systemwide health and franchisee satisfaction can be measured by the Paik's Noodlefranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Paik's Noodle franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Paik's Noodle had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Paik's Noodle franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Paik's Noodle. More info in the Paik's Noodle metrics tab.

What is the Paik's Noodle Franchise Failure Rate?

Paik's Noodle franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Paik's Noodle failure rate over the past 3 years is 0%. Over the last year we have data for, Paik's Noodle had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Paik's Noodle franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Paik's Noodle. More info in the Paik's Noodle metrics tab.

How can I find out more details on Paik's Noodle franchise?

Visit the Paik's Noodle metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Paik's Noodle

$409,500

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Paik's Noodle

3%

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Paik's Noodle

$35,000

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock premium content

General

Industry

Food and Beverage

Category

Fast Casual Restaurant

SBA Identifier

S4175

Year of Founding

2012

Fees

Marketing Fee

1%

Royalty Fee

3%

Franchise Fee

$35,000-$35,000

Investment Range

$349K-$470K

Location units

Total U.S. Locations

16

U.S. Franchised Units

15

U.S. Corporate Units

1

Headquarters (City)

Los Angeles

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2012

Issuance of FDD Data

03/30/2022

Detailed Franchise metrics for Paik's Noodle

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Paik's Noodle below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Paik's Noodle

18%

36%

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Paik's Noodle

NA

0%

Industry median

All franchises median

Unlock premium content

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Paik's Noodle

NA

0%

Industry median

All franchises median

Unlock premium content

Business details

Company Name

Business email

**********@******.com

Mailing address

3470 W. 6th Street, #11

State headquarters

California

Owner Name

Paik's Noodle

Phone

+1 (000) 0********00

City

Los Angeles

Zip code

90020
You May Also Be Interested In
View More >
Food and Beverage
Subway
Investment range
$183K-$507K
Founding year
1974
Total U.S. Units
21147
Learn More
Food and Beverage
McDonald's
Investment range
$481K-$2.45M
Founding year
1955
Total U.S. Units
13436
Learn More
Food and Beverage
Dunkin'
Investment range
$438K-$1.79M
Founding year
1955
Total U.S. Units
8010
Learn More
Food and Beverage
Burger King
Investment range
$230K-$4.19M
Founding year
1954
Total U.S. Units
7105
Learn More

Your Suscription has expired!

Looks like your subscription is due. Please renew to keep using our services.

Filters

Year




Name

Share link

Or

Filters

Business Name

Industry

Investment amount




Downgrade subscription

You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback.

Vetted Member $79/month

Simple Start Free

Upgrade subscription

You are going to upgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback.

Simple Start Free

Vetted Member $79/month

Cancel subscription

You’re about to cancel your subscription. Please confirm by clicking on the “Cancel Subscription” button below.

Performing this action will delete your account.

Plan Updated

Your current subscription plan is:

Vetted Member $79/month

Support Form

Please fill out the form below with any technical issues, questions or feedback you might have.