Paik's Noodle
Food & Beverage · Fast-Casual Restaurants
- Active units
- 28
- Royalty
- 4.0%
Franchised, year-end 2024
of weekly Net Sales
About Paik's Noodle
Paik's Noodle is a renowned Korean Chinese Style Restaurant that has earned the trust of customers with its commitment to hygiene. As the first of its kind, Paik's Noodle offers a delightful dining experience where customers not only enjoy delicious food but also witness the captivating performance of cooking right in front of them. The brand is spearheaded by CEO Baek Jong-won, a culinary genius with an insatiable passion for food exploration. Baek Jong-won's unwavering dedication to his craft has led to the successful establishment of numerous restaurants, each designed to satisfy customers' palates and preferences. With a focus on taste, Paik's Noodle aims to continuously create exciting and flavorful dishes that leave a lasting impression. As showcased by their impressive list of accomplishments and appearances, including being featured on popular TV shows, Baek Jong-won's culinary expertise and commitment to excellence are unrivaled. With Paik's Noodle, the future of Durban's food scene looks promising.
Key terms
- Franchise fee
$35k
- Waiver or reduction of Initial Franchise Fee
May waive or reduce the Initial Franchise Fee; may allow application of part of fee to improvements or equipment; case-by-case incentives.
- Installment payments
In certain rare circumstances, installment payments of the Initial Franchise Fee may be permitted on negotiated terms.
- Brand fund
1.0% of Net Sales
- Local advertising
1.0% of Net Sales
- Footprint
1,500 – 3,000 sq ft
Brand Percentile Rankings
Growth
- Total locations28
Franchised units open at year-end
- New openings8
Gross new units opened during the calendar year
- 1-year unit growth rate40.0%
Net unit growth versus prior year
- 3-year unit CAGR36.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio8.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$412k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate4.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
Create your free Glidepath account to access full brand information.
Location footprint
Showing 26 of 28 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.