About Sorimmara Franchise
Sorimmara is a restaurant franchise that began offering franchise opportunities in 2024, backed by GC Company Global Co., Ltd.
The brand brings Korean culinary traditions to the franchise restaurant market with a menu and dining experience rooted in authentic Korean flavors and cooking techniques.
The franchise fee is $35,000.
Sorimmara Franchise Cost & Fees
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $35,000 | One-time payment upon signing |
| Royalty Fee | 5% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 1% of Gross Sales (currently not assessed) | National brand fund |
| Total Investment Range | $310,500 – $558,000 | Includes build-out, inventory, working capital |
The investment range of $311K–$558K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5% of Gross Sales) and marketing fee (1% of Gross Sales (currently not assessed)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee (1) | $35,000 | $35,000 |
| Real Estate Security/Deposits and Initial Rent (2) | $5,000 | $35,000 |
| Construction and leasehold improvements (3) | $150,000 | $250,000 |
| Design and architecture (4) | $6,000 | $8,000 |
| Equipment, Furniture and Fixtures (5) | $35,000 | $75,000 |
| Opening Inventory (6) | $15,000 | $30,000 |
| Insurance (7) | $5,000 | $15,000 |
| Opening Promotion and Grand Opening (8) | $5,000 | $10,000 |
| Cash Registers/Other Office Equipment (9) | $3,000 | $15,000 |
| Initial Training Expenses (10) | $0 | $5,000 |
| Business Licenses, Utility Deposits, Prepaid Fees (11) | $1,500 | $10,000 |
| Additional Funds – 3 months (12) | $50,000 | $70,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | 50% of the then-current initial franchise fee |
| Renewal Fee | $15,000 |
| Technology Fee | Up to $250 per month (currently not assessed) |
| Audit Fee | Cost of inspection or audit |
| Additional Training | Currently $100 per hour per instructor, plus travel and lodging expenses |
| Refresher Training | Currently $100 per hour per instructor, plus travel and lodging expenses |
| Remodeling for Renewal of Franchise Agreement | Costs as incurred |
| Transfer Review Fee | $2,500 |
| Local Advertising | Up to 1% of Gross Sales (currently not assessed) |
| Alternative Supplier Testing Fee | Based on our actual cost |
| Late Payment | Late charge equal to 5% of payment due, together with interest at 2% per month (not to exceed highest legal rate) |
| Dishonored Item Fee | $100 plus reimbursement of charge a financial or other institution imposes on us |
| Non-Compliance Fine | Our then-current fee (from $25 to $300 for a single violation, but may vary based on the severity of violations, number of violations, and repetition of violations) |
| Repeated Inspection Fee | Cost of inspection |
| Relocation Fee | $3,000 |
| Non-Compliance of Covenant Not to Compete | $1,000 per week |
| Securities Offering Review Fee | Actual costs |
| Indemnification | Actual costs |
| Costs and Attorneys’ Fees | Actual costs |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | approximately one week |
| Classroom Training | 11 |
| On-the-Job Training | 30 |
| Training Location | our corporate outlet located at 3470 W 6th St #3, Los Angeles, California, or at another location or locations as we may designate |
| Additional Training | We will provide ongoing initial training program, and we will also offer advanced and refresher training for managers. Refresher courses are currently rated at $100 per hour per instructor, plus other expenses incurred including transportation, lodging and meals. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | radius of 1/2 to 5 miles from your Outlet, unless your Outlet is located in a “City Center Zone” in which case we may, at our discretion, reduce your territory to a (i) ½-mile radius for areas with greater than 50,000 and less than 100,000 population within a 1-mile radius and (ii) ¼-mile radius for areas with greater than 100,000 population within a 1-mile radius. |
| Description | We will present you the proposed boundaries of your non-exclusive territory after we approve your franchise location. Your non-exclusive territory will be a radius around your SORIMMARA Outlet, which will vary depending on whether your Outlet is located in an urban, suburban or rural setting. Generally, your territory will be measured by an area having a radius of 1/2 to 5 miles from your Outlet, unless your Outlet is located in a “City Center Zone” in which case we may, at our discretion, reduce your territory to a (i) ½-mile radius for areas with greater than 50,000 and less than 100,000 population within a 1-mile radius and (ii) ¼-mile radius for areas with greater than 100,000 population within a 1-mile radius. In determining the proposed boundaries, we will consider such factors as the population size, ethnic make-up, persons per household, income level, residential/commercial mix, and population age; traffic patterns, parking, and access issues; neighboring business mix; rent and leasing terms; and size, appearance and other physical characteristics of the premises; and presence of any other nearby SORIMMARA Outlets. The specific description of your non-exclusive territory along with the corresponding map showing the clear boundaries of your territory, will then be placed in writing and incorporated into your franchise agreement. You are not granted any other option, right of first refusal or similar right to acquire additional franchises under your franchise agreement. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | One additional term of 5 years |
| Renewal Fee | $15,000 |
| Renewal Conditions | Franchisor may extend or grant a new Franchise Agreement if you have been in substantial compliance with agreement. You must serve us a notice of your intent to exercise your right of renewal not less than 12 months nor more than 18 months before the expiration of the initial term. You may have to remodel the Outlet, at your expense. You must sign a Franchise Agreement in effect which may contain materially different terms and conditions than the agreement you signed originally. |
| Transfer Fee | 50% of the then-current initial franchise fee |
| Transfer Conditions | Neither you nor other Owners of the interests described in k. above can transfer without first obtaining our written approval. For transfers which result in change in control or involve 20% interest in your entity: a. You give us at least 90 days’ prior written notice of any proposed transfer. b. All amounts due are paid in full. c. You are not, and have not been, in default under the Franchise Agreement or any other agreement with us, our affiliates or our approved suppliers, without timely curing such default. d. Transferee must meet our then-current requirements for new franchisees. e. All required documents, including a then-current form of the franchise agreement (at our option) and a transfer agreement containing a general release are executed. f. Transferee enters into a written assignment and personal guarantee. g. Transferee completes training. h. You pay us a Transfer Review Fee and the Transfer and Training Fee. i. Landlord must consent to transfer. j. We determine price will not impact operation. k. You must comply with our right of first refusal. l. Transferee and transferor comply with all of our requirements. For non-control transfers: a. You give us prior written notice of the transfer. b. You pay all sums owed. c. You are not in default. d. Transferee meets qualifications. e. Transferee signs assignment and guaranty. f. You and your guarantors and Owners sign a general release. g. You pay us a Transfer Review Fee. |
| Termination for Cause | We can terminate only if you commit any one of several listed violations, including but not limited to: violation of confidential information, copying manuals, felony conviction, fraud, failure to remain open, repeated defaults, insolvency, blocked assets, uncured lease defaults, or failure to open on time. Some defaults have cure periods of 24 hours, 5 days, 10 days, or 30 days, while others have no opportunity to cure. |
| Non-Compete Period | two years |
| Non-Compete Details | During the term of the agreement, you and your owners cannot divert customers, solicit franchisor employees, or own/engage in a competitive business. After termination or expiration, for two years, you cannot solicit employees or former suppliers/customers, or operate a competing business within 10 miles of any Sorimmara Outlet. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | If you are an individual, you must devote full time and attention to supervising all administrative and operational activities of your franchised business at the franchise location. You and your spouse must sign a personal guaranty. If a legal entity owns the franchise rights, like a corporation, partnership or limited liability company, the person who owns a controlling interest in the entity's equity or voting rights, or a general partner, must devote full time and attention to franchise activities at the franchise location. All individual owners of such legal entity and their spouses must sign a personal guaranty. If none of the owners owns a controlling interest in the entity’s equity or voting rights, you must designate one of your owners as your “Operating Principal,” primarily responsible for the Franchised Business, who must devote full time and attention to franchise activities at the franchise location. Your Operating Principal must have and maintain at least ten percent (10%) ownership of the Franchised Business and have decision-making authority about the Franchised Business. We must approve your Operating Principal, and you must designate a qualified replacement from among your owners if your Operating Principal can no longer fulfill his/her responsibilities under the Franchise Agreement. You must staff your SORIMMARA Outlet with at least one (1) "Approved Manager." An “Approved Manager” is a full-time employee with management responsibilities who has successfully completed the manager training segment of the initial training program and any mandatory supplemental management classes. You (or the Operating Principal, or the general partner of a partnership) may be an Approved Manager, provided you devote full time and attention to your franchise business. You must hire and train all your employees. You may also send your employees to our training programs. |
| Required Suppliers | In the case of Proprietary Products and Branded Products, which include items and materials that utilize our proprietary sauces and recipes and other intellectual property belonging to us or our affiliates and that are packaged under the Marks, suppliers will be limited to us, our affiliates and/or other specified exclusive sources designated by us (collectively “Designated Suppliers”), and you must buy those products and services only from the Designated Suppliers. In addition to the Proprietary Products and Branded Products, you currently must buy all of your Outlet’s equipment requirements from our Designated Suppliers to maintain the quality of the goods, products and services that SORIMMARA Outlets sell to the customers. |
| Supply Restrictions | The source for almost all of your purchases is restricted in some way. We estimate that your purchases from us or Designated Suppliers, or that must conform to our specifications, will represent approximately 60% of your total purchases in establishing the Outlet and approximately 75% to 85% of your total purchases in the continuing operation of the Outlet. |
| Franchisor Revenue from Suppliers | We and our affiliates have the right to receive payments or other considerations from our approved suppliers on account of their dealings with you and other franchise owners and to use all amounts that we and our affiliates receive without restrictions. Currently, there are no such considerations paid to us from any Designated Suppliers of services or products, and we have no revenues derived from such payments or from any sale or lease of any products and services directly to franchisees. We and our affiliates may also receive revenue from certain third party suppliers we designate or from those we approve as optional suppliers on account of the supplier transactions with our franchisees or affiliates that own SORIMMARA Outlets. We also may receive revenue on account of our direct sales transactions with franchisees. We and our affiliates may receive rebates from suppliers from whom we or you make purchases for our or your operation of SORIMMARA Outlets. We retain these benefits. Neither we nor any of our affiliates had revenues from required purchases or leases by franchisees during the fiscal year ended December 31, 2023. Neither we nor any of our affiliates received consideration from any designated sources because of transactions with franchisees during the fiscal year ended December 31, 2023. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not provide, directly or indirectly, any financing to you. We do not guarantee your notes, leases or other obligations. |
Sorimmara Franchise Earnings — Item 19
Sorimmara 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.
Sorimmara Litigation & Risk Flags
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Sorimmara System Growth
Sorimmara currently operates 0 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 |
| 2023 | 1 | 0 | 1 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 18 states: CA, MD, CT, MI, HI, MN, IL, NE, IN, SD, NY, TX, ND, VA, OR, WA, RI, WI
Franchisor Financials (Item 21)
Audited by HAN & Associates CPAs for year ending December 31st.
Sorimmara Franchise — FAQ
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