Happi House
First opened in 1976, Happi House began as a novel venture by Mr. Joe Ikeda, Dr. Carlo Besio and Mr. Richard Tanaka, all of whom shared an enthusiasm towards food and desired to offer a more innovative, compelling and quick-service restaurant. Inspired by the foods of Japantown’s famous Obon Festival, the partners committed to selling fresh and delicious Asian style meals at a convenient price. Happi House pioneered California Style Teriyaki with signature teriyaki, tempura, noodle and rice dishes that fused distinctive California flavors with traditional Japanese cuisine. Happi House’s top-secret and irresistible blend of seasonings became so popular that Happi House began bottling their homemade teriyaki sauce for retail sale in the 1980’s.
Americans increasingly enjoy Asian cuisine and flavors and there is a growing demand for healthier, unique alternatives to typical fast-food options. With 6 locations in the Bay Area and ambitious expansion plans, Happi House is poised for explosive success in this flourishing alternative fast-food industry. Happi House boasts over 30 years of success, a proven business model, a streamlined operations system, an unbeatable menu, and a unique approach to fast-food service. With these numerous benefits and advantages, Happi House offers an exciting, exceptional franchise opportunity.
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Operating Units |
12/31/2007 |
12/31/2008 |
12/31/2009 |
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| | Franchised | 0 | 0 | 0 |
| | % Change | -- | 0.0% | 0.0% |
| | Company-Owned | 0 | 0 | 0 |
| | % Change | -- | 0.0% | 0.0% |
| | Total | 0 | 0 | 0 |
| | % Change | -- | 0.0% | 0.0% |
| | Franchised as % of Total | 0.00% | 0.00% | 0.00% |
Investment Required
The fee for a Happi House franchise is $30,000. The fee for each additional restaurant is $15,000.
Happi House provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
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Item | Established Low Range | Established High Range |
| | Franchise Fee | $30,000 | $30,000 |
| | Architects, Designers and Engineers | $12,000 | $20,000 |
| | Leasehold Improvements | $160,000 | $235,000 |
| | Furniture, Fixtures, Equipment and Décor | $125,000 | $150,000 |
| | Interior and Exterior Signage | $5,000 | $7,000 |
| | Computers and Sales Recordation Devices | $11,000 | $16,000 |
| | Lease Payments | $3,000 | $10,000 |
| | Lease and Utility Deposits, Licenses, Permits, Insurance and Other Prepaid Expenses | $12,000 | $17,000 |
| | Initial Inventory | $5,000 | $7,000 |
| | Grand Opening | $2,500 | $2,500 |
| | Legal, Accounting, Pre-Opening Marketing and other Pre-Opening Expenses | $2,500 | $7,500 |
| | Training Expenses | $0 | $4,500 |
| | Recruiting and Training Staff | $4,000 | $12,000 |
| | Additional Funds (3 months) | $30,000 | $50,000 |
| | Total Investment | $402,000 | $568,500 |
On-going Expenses
Happi House franchisees pay royalty fees equal to 4% of gross receipts, a marketing fund fee equal to 2% of gross receipts and a regional marketing association fund fee of up to 2% of gross receipts.
What You Get–Training and Support
Happi House provides initial training for franchisees in San Jose, California at Happi House’s home office and at an operating Happi House restaurant. The training covers topics on food preparation, cooking and kitchen procedures, equipment and its operations, record keeping and reporting, purchasing, inventory, cost control, administration, sales recording, cash handling and restaurant management. The franchise owner and one management-level employee must complete the training to Happi House’s satisfaction.
Prior to the grand opening, Happi House sends at least one representative to assist with additional on-site training. Happi House also offers refresher courses, seminars, conventions and similar meetings throughout the year. Representatives are available via telephone to provide on-going support in the operation of the restaurant. Happi House also provides representatives who visit restaurants to provide guidance in the operation of the restaurant.
Territory
Happi House grants protected territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2010 FDD. Upon receipt of the 2011 FDDs, we will provide new and updated write-ups that will reflect more current information. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Hottest New Franchises publication.
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