The fast-casual, create-your-very own sushi restaurant franchise, How Do You Roll, was pitched on Shark Tank in 2013.
You are watching: How do you roll sushi shark tank
Yuen Yung and his brother Peter learned the restaurant organization from their paleas who ran a mom and also pop restaurant in Chinatown, New York.
After college, the brothers opened up the initially How Do You Roll restaurant in Austin, Texas. On Shark Tank, they made a attend to Kevin "Mr. Wonderful" O"Leary -- $1 million for 20 percent equity."
"The resolve O"Leary fell with and the Austin restaurant closed, as did two Chicearlier locations.But tbelow are still two How Do You Roll areas open - in Ft Myers, Florida and North Hollywood, California. " - Source August 2, 2016, 2paragraphs.com
HDYR was not deterred by their Shark Tank fiasco of acquiring a deal with a Shark just to shed it after the display.
They went on to market franchises.
In fact, they inked a 25 unit advancement deal for Washington D.C., Maryland, Delconscious, and also component of Virginia via great fanfare.
Then from a QSR magazine article:
"How Do You Roll? currently has actually ten devices open in Arizona, Florida, and also Texas. The firm has actually signed franchise and also advance agreements for more than 400 systems over the next twenty years."
These agreements expectancy Arizona, Arkansas, California, Delmindful, Florida, Illinois, Maryland, the Middle East, Nevada, New Jersey, New York, North Texas, Pennsylvania, Virginia, Washington, D.C., and also 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 show.
Lots of Unanswered Questions
What"s the standing of HDYR franchising today?
What are the HDYR franchise owners doing with their businesses?
Who owns the HDYR idea and IP?
What are they planning to execute through it?
Being a franchisor and building a sturdy and sustainable franchise network-related requires even more than truth TV notoriety and also a pitch.
It takes a financially attrenergetic business model, a trustworthy supply chain, via great branding; solid operations, training & support, and also good franchise owner recruitment.
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