How long has Tin Drum Asian Kitchen been in business?
Tin Drum Asian Kitchen was founded in 2003, and we opened our first franchise location in Atlanta, Georgia in 2011.
What does it take to operate a Tin Drum?
Owners must have restaurant experience. Single-Unit Development requires $150,000 in liquid assets, and a minimum net worth of $400,000. Multi-Unit Development requires $500,000 in liquid assets and a net worth of at least $1,500,000.
How much does it cost to open a Tin Drum?
The costs to open a Tin Drum Asian Kitchen location range from $289,000 to $505,000. This includes an initial franchise fee of $25,000 for the first location and $15,000 for subsequent locations. This investment range includes the cost of furniture, fixtures, seating, kitchen equipment, signage, initial inventory of food products, etc. This range does not take into account that in many cases where you lease space, the landlord will provide Tenant Improvement Allowance dollars to be used to bring the space to the mechanical and structural requirements we need. If you do receive this assistance from a landlord, your costs to open a Tin Drum may be lowered.
How many locations do you have?
We currently have seven corporate locations in Atlanta that provide a great training ground and prove the success of the business model, in addition to our six franchised locations. We are primarily focused on opening restaurants in the Southeast United States. Our key areas for growth are in the Southeast but we will also consider development agreements in other markets.
Do you help me find a location?
Yes. We provide you with a recommendation for the ideal area based on our real estate model. We also connect you with our approved real estate broker companies that can assist you in performing a real estate site search.
What type of demographics do you look for?
An ideal location will have high population density (with high daytime population preferred), a minimum household income of $50,000 and 30,000+ traffic count in the immediate area.
How much money can I make?
It should come as no surprise that our restaurants, like most businesses, perform better over time. If you take our restaurants that were open 24 months in 2015, Average Gross Sales were $780,208 (based on 4 restaurants). This information appears in Item 19 of our Franchise Disclosure Document. Your results may differ. There is no assurance you will do as well.
What are the royalty fees?
Each Tin Drum pays 6% toward royalty fees and 2% toward national marketing based on gross sales.
What type of square footage do you look for?
Typically, our Tin Drums are between 1,800 and 2,200 square feet.
How many employees do I need?
Our Tin Drums usually employ between 15 and 20 employees.
What do I get with the franchise fee?
This fee covers your training, plans for building out the Tin Drum, access to our systems, technology, operational support, and more.
What type of training do you provide?
We believe in setting up our Franchise Owners for success. We provide the following training: 4-week training program, consisting of 3 weeks in a nearby Tin Drum and 1 week onsite for your Grand Opening.