The fast-casual, create-your-own sushi restaurant franchise, How Do You Roll, was pitched on Shark Tank in 2013.
You are watching: What happened to how do you roll
Yuen Yung and his brvarious other Peter learned the restaurant business from their parental fees who ran a mommy and pop restaurant in Chinatown, New York.
After college, the brothers opened the initially How Do You Roll restaurant in Austin, Texas. On Shark Tank, they made a address Kevin "Mr. Wonderful" O"Leary -- $1 million for 20 percent equity."
"The resolve O"Leary dropped via and the Austin restaurant closed, as did 2 Chicback locations.But tbelow are still 2 How Do You Roll places open up - in Ft Myers, Florida and also North Hollylumber, The golden state. " - Source August 2, 2016, 2paragraphs.com
HDYR was not deterred by their Shark Tank fiasco of gaining a resolve a Shark only to shed it after the show.
They went on to market franchises.
In truth, they inked a 25 unit development deal for Washington D.C., Maryland, Delmindful, and part of Virginia via great fanfare.
Then from a QSR magazine article:
"How Do You Roll? currently has ten units open in Arizona, Florida, and also Texas. The firm has signed franchise and advancement agreements for even more than 400 units over the following 20 years."
These agreements span Arizona, Arkansas, California, Delconscious, Florida, Illinois, Maryland, the Center East, Nevada, New Jersey, New York, North Texas, Pennsylvania, Virginia, Washington, D.C., and Western Canada." - Source January 17, 2014, QSR
What went wrong through these aspiring sushi franchise tycoons?
Here"s the Yung"s Shark Tank pitch on the ABC present.
Lots of Unanswered Questions
What"s the status of HDYR franchising today?
What are the HDYR franchise owners doing through their businesses?
Who owns the HDYR concept and also IP?
What are they planning to perform with it?
Being a franchisor and structure a resilient and also sustainable franchise netoccupational needs even more than truth TV notoriety and also a pitch.
It takes a financially attractive organization version, a dependable supply chain, via great branding; solid operations, training & assistance, and also great franchise owner recruitment.
See more: Ch A Market-Product Grid Refers To, Chapter 9 Flashcards
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