MTY Group is among the foremost quick service companies in Canada. Its multi-bannered strategy has allowed it to become a leader in its class operating 31 banners with over 2700 units nationwide.
MTY Group works diligently to assert itself as a dynamic and innovative organization. The company maintains a leading position in its market through acquisitions, national and international expansion, as well as continuous operational improvements in service that consistently exceeds consumer expectations.
With such a diverse range of quick service offerings, MTY Group is uniquely positioned to satisfy the many tastes and needs of consumers and remain a top this highly competitive industry.
Some basics factors which affect your qualification to franchise include : your personal net worth, liquid capital or investment money available, management experience, and credit record. The most important aspect of qualification, aside from financial availability, is your ability to adopt the KORYO culture or in other words, your business and personal attitude towards franchising. KORYO is a very unique venture which thrives on brining strong, ethical and conscientious leaders into its business circle, or Team.
Welcome to KORYO Korean BBQ
KORYO Korean BBQ is an original and delicious style of fast food. We capture the essence of traditional Korean food while innovatively marring it to today’s popular dishes.
Koryo culture and history are preserved in the way we prepare our food, the look of our restaurant and selection of ingredients.
At Koryo Korean BBQ, we have combined the best of modern and traditional Korea to bring you a dining experience of exceptional value, taste, and satisfaction.
Our friendly staff, open kitchen layout, and authentic Korean cuisine welcome you every time you visit our restaurant.
Come see us combine the best of people, operations, and facilities to consistently offer you authentic cuisine, an entertaining atmosphere, and outstanding customer service.
If you wish to obtain any information regarding the acquisition of a franchise, feel free to contact our franchising department. You will find all our contact information on the page “Contact” of this Website.
General information – How do I get started
1. Application and Contact
The first step is filling out our confidential Application Form, once we have received this information a representative from KORYO Korean BBQ will call you to discuss your interest and qualifications.
2. Personal Interview
If the initial contact indicates a strong potential for you to become a franchise owner we will arrange to meet with you in person, without obligation. The meeting may be conducted at any of MTY’S regional offices across Canada or in your area.
You should understand that this is an exciting process but it’s your hard work, dedication, and continued personal involvement, guided by the KORYO Korean BBQ corporate team, that will be the key ingredients in your success.
3. Reaching a Decision
After you have carefully read all the documents and materials and have asked all your questions, calculated your financial status, you should seek additional opinions from your lawyer, accountant, and other business advisors, as these professionals will advise you in the points of finances, taxes, and other business implications. Guided by this input and your acceptance as a KORYO Korean BBQ franchise, will enable you to proceed with the process.
4. Initial Fee
To proceed and get closer to owning your very own KORYO Korean BBQ Restaurant you must submit a deposit of $10,000.00 which will generally be applied against the franchise fee, at the time we execute a franchise agreement.
5. Market Evaluation and Site Selection
Once all the above steps have been completed we will evaluate your proposed market area, and will engage real estate agents to assist us in finding, negotiating and choosing a site. This is part of the service and guidance and support that we offer.
At the same time as we are choosing a site, favourable financing must be secured for your KORYO Korean BBQ Restaurant. KORYO (MTY) does not offer any direct financing, however we can recommend financial institutions across the country which can assist you in meeting your requirements.
7. Turn Key Construction
Once your financing is secured and prior to the start of construction of your KORYO Korean BBQ Restaurant, you will be required to sign a lease and a franchise agreement that will require that you execute a personal guarantee.
The construction period usually takes between 6 to 9 weeks.
8. Required Training
Training encompasses three phases:
Phase 1:The Franchise owner(s) and / or manager must complete his or her training successfully prior to the KORYO Korean BBQ Restaurant opening. This training is part of our service and support, but the franchise /owner is responsible for transportation, lodging, and living expenses when applicable.
Phase 2:The franchise / owner(s) along with the guidance of our operations team will choose, and prepare the KORYO Korean BBQ staff members and restaurant for a successful opening.
Phase 3: Our corporate team will be with you from the onset to help and assure all the KORYO Korean BBQ team members get the training and follow up. This support will be very close and will continue during the first few weeks of opening and will be ongoing during the term of our agreement, although at a lesser frequent rate.
For initial contact and information, please fill out this Application Form.