About Jung Kwan Jang Korean Red Ginseng Store Franchise
Jung Kwan Jang Korean Red Ginseng Store is a specialty health and wellness retail franchise focused exclusively on premium red ginseng products.
Operated under the Korean Red Ginseng Corp., Inc.
brand, each location provides customers with access to a carefully curated lineup of ginseng supplements, extracts, and wellness products manufactured to exacting quality standards rooted in Korean tradition.
Jung Kwan Jang Korean Red Ginseng Store Franchise Cost & Fees
Minimum Investment
$110K
Average Investment
$211K
Maximum Investment
$312K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $15,000 | One-time payment upon signing |
| Royalty Fee | 3% of Net Sales of gross sales | Ongoing; paid monthly |
| Total Investment Range | $110,000 – $312,000 | Includes build-out, inventory, working capital |
The investment range of $110K–$312K reflects variability in build-out costs, store size, lease terms, and market. The ongoing royalty fee is 3% of Net Sales of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee (1) | $15,000 | $15,000 |
| Real Estate Security/Utility Deposits, Licenses and Prepaid Fees (2-b) | $4,000 | $17,000 |
| Furniture and Fixtures (3) | $15,000 | $100,000 |
| Leasehold Improvements (4) | $20,000 | $50,000 |
| Opening Inventory (5) | $30,000 | $60,000 |
| Insurance (6) | $2,000 | $5,000 |
| Signage (7) | $5,000 | $20,000 |
| Grand Opening Promotion (8) | $3,000 | $6,000 |
| Travel and Accommodations (9) | $2,000 | $3,000 |
| Cash Registers/Other Office Equipment (10) | $2,000 | $3,000 |
| Additional Funds – 3 months (11) | $10,000 | $30,000 |
| TOTAL INITIAL INVESTMENT AMOUNT | $110,000 | $312,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | 3% of Net Sales |
| Marketing Fees | Up to 3% of Net Sales if and when the Marketing Fund is established2 |
| Interest on Overdue Payments | 0.8% per month or the maximum rate permitted by law, whichever is less. |
| Real Estate Security/Utility Deposits, Licenses and Prepaid Fees (2-b) | $4,000 |
| Furniture and Fixtures (3) | $15,000 |
| Leasehold Improvements (4) | $20,000 |
| Opening Inventory (5) | $30,000 |
| Insurance (6) | $2,000 |
| Signage (7) | $5,000 |
| Grand Opening Promotion (8) | $3,000 |
| Travel and Accommodations (9) | $2,000 |
| Cash Registers/Other Office Equipment (10) | $2,000 |
| Additional Funds – 3 months (11) | $10,000 |
| TOTAL INITIAL INVESTMENT AMOUNT | $110,000 |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | exclusive |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Renewal Term | None |
| Termination for Cause | We can terminate only if you commit any one of several listed violations |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Does not offer financing. |
Jung Kwan Jang Korean Red Ginseng Store Franchise Earnings — Item 19
Jung Kwan Jang Korean Red Ginseng Store does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Jung Kwan Jang Korean Red Ginseng Store does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Jung Kwan Jang Korean Red Ginseng Store Litigation & Risk Flags
Clean Litigation RecordJung Kwan Jang Korean Red Ginseng Store has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Jung Kwan Jang Korean Red Ginseng Store System Growth
Total Units
1
Franchised
1
Company-Owned
0
Jung Kwan Jang Korean Red Ginseng Store currently operates 1 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 33 | ||
| 2021 | 1 | ||
| 2021 | 34 | ||
| 2022 | 33 | ||
| 2022 | 1 | ||
| 2022 | 34 | ||
| 2023 | 34 | ||
| 2023 | 1 | ||
| 2023 | 35 |
Jung Kwan Jang Korean Red Ginseng Store Franchise — FAQ
The total investment to open a Jung Kwan Jang Korean Red Ginseng Store franchise ranges from $110,000 to $312,000, per their Franchise Disclosure Document. This includes the initial franchise fee of $15,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Jung Kwan Jang Korean Red Ginseng Store charges a royalty fee of 3% of Net Sales of gross sales. These fees are paid on an ongoing basis.
You can download the Jung Kwan Jang Korean Red Ginseng Store Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Jung Kwan Jang Korean Red Ginseng Store to ensure you have the most up-to-date version.
Jung Kwan Jang Korean Red Ginseng Store does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Jung Kwan Jang Korean Red Ginseng Store has been offering franchise opportunities. The FDD shows an investment range of $110,000-$312,000, a 3% of Net Sales royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $15,000 and the total investment ranges from $110,000 to $312,000 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Jung Kwan Jang Korean Red Ginseng Store and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Jung Kwan Jang Korean Red Ginseng Store or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com