The Asian Hospitality Group Partnership Program & Profit Share Model.
At the Asian Hospitality Group, we use a profit share model for our Partnership Program. This means that the Licenced Operators will receive a percentage of the restaurant's revenue as their share of the profits. We believe that this model will help to ensure that everyone involved in the restaurant's success is fairly compensated.
KEY ELEMENTS & HOW THIS WORKS
Your Five Steps to Freedom
Operators will receive a percentage of the restaurant's net profit as their share. This percentage will be agreed upon at the time of the agreement and may vary based on the location and performance of the restaurant.
All expenses associated with the operation of the restaurant will be allocated in a fair and transparent manner on a monthly P&L.
Operators will be required to pay a monthly royalty fee to Management, which will be a percentage of the restaurant's gross revenue. This fee will cover the ongoing support, assistance and original asset cost.
Operators will be required to contribute a portion of their revenue towards a centralized advertising fund, which will be used to promote the brand and generate awareness of the restaurant.
Operators who consistently meet or exceed performance targets will be eligible to the Profit Share Model. This will be monitored by both the Operator and AGH monthly and profits accumulated to be paid yearly.
By following this profit share model, our Asian food restaurant aims to create a mutually beneficial relationship between Operators and Management, where both parties can share in the success of the business. The model will ensure that Operators receive a fair return on their investment, while the Management is able to maintain control over the brand and ensure that its standards are upheld across all locations.
Our Asian food restaurant will aim to offer high-quality Asian cuisine in a fast-casual setting. By following the business this model, we will strive to create an exceptional customer experience through the combination of delicious food, great service, and a commitment to our values.
AN INTRODUCTION INTO
The Business Model, Marketing, Analysis, Sales & Operations
The Business Model
Our Asian food restaurants will place a strong emphasis on customer service and a commitment to our values. Our menu will feature authentic Asian dishes, made with fresh ingredients and prepared to order. We will offer a variety of options to suit different dietary needs, including vegetarian and gluten-free options.
Marketing & Sales
We will focus on creating a strong brand identity through consistent branding, marketing, and promotional activities. Our marketing strategy will include online and offline advertising, as well as events and partnerships with local organizations. We will also leverage social media to engage with customers and build a loyal following. Community involvement will be critical to ensure we are part of the local community.
Our restaurant will have a fast-casual format, with customers either ordering on a kiosk at the counter or table service and having their food prepared to order. We will hire experienced Asian chefs to ensure that our dishes are authentic and of high quality. Our staff will be trained to provide exceptional customer service, helping to create a welcoming and enjoyable dining experience.
AGH Management will oversee the daily costings and monitor the weekly and monthly profitability. Operators will enter the daily stock orders and check invoices, rostering staff and monitoring correct wage costs and checking product has been correctly received. Operators will be able to see their own daily and weekly performance with Wage and Food Cost through their own instore software. Fixed assets, Trademarks Chattels will remain the ownership of AGH any other capital cost or Good Will may be used under the agreement and maintenance and expenses will be covered from the operating cost of the business.
Are You Ready to Apply?
You will need to invest personal time and energy into your team. You are in the people business, building meaningful relationship in the community. Its hard work and you need to be hands on.
Make sure you are the right fit, learn as much as you can about the restaurant industry and what genuine hospitality requires. Do some research into who we are, our restaurants and cooking school. Your desire to succeed in the restaurant business must be free of any other business ventures, it will require your 100% commitment, the selection process will be thorough and extensive as we only want our partners to succeed and enjoy being a valuable part along with other successful Asian Cuisine Operators.
THE PARTNER PROCESS
Three Steps to Success
Submit an initial online application
Step 1 starts right here, right now. Submit your online application today and begin your journey towards an exciting partnership with the Asian Hospitality Group.
We are looking for entrepreneurial savvy to excel. Entrepreneur who can think on their feet, understand the long game. Customer service, great leadership, business acumen. During this process you will be interviewed by team members and management your future partners. This may take several weeks and a working trial maybe required.
You will receive a formal agreement to enter into a business partnership with AGH.