Yummi Go Gourmet Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$62,032 - $327,170
Franchise Fee
$50,000
Total US Locations
329
Business Summary
GBC Food Services, LLC, operating as Yummi Go Gourmet, offers franchises for kiosks that prepare and sell sushi, dumplings, and other Pan-Asian food. These Yummi Go Gourmet kiosks are typically located within third-party venues such as upscale supermarkets, hotels, cafeterias, and university facilities. Franchisees prepare fresh dishes daily, which are professionally displayed in ready-to-go containers for customers to purchase through the host location's existing point-of-sale system, either for takeout or consumption on-site.
Corporate History
GBC Food Services, LLC, which does business under the name Yummi Go Gourmet, was organized as a Texas limited liability company on May 17, 2011. The company has developed a distinctive system for establishing and operating kiosks that sell sushi, dumplings, and other Pan-Asian food, utilizing trade names like Yummi Go Gourmet and brand names such as Yummi Sushi. These kiosks are generally located at third-party premises such as upscale supermarkets and university facilities. An affiliate, Supreme Service Solutions (SSS), began offering deli kiosk franchises in 2022 and produce kiosk franchises in 2023.
Financial Overview
Investment Range
$62,032 - $327,170
Franchise Fee (Low)
$50,000
Franchise Fee (High)
$50,000
Equipment Costs (Low)
$5,000
Equipment Costs (High)
$15,000
Working Capital
$116,231
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
The auditors have issued an unqualified opinion on GBC Food Services, LLC's financial statements for the year ended December 31, 2023, indicating that they fairly present the company's financial position and operational results. As of December 31, 2023, Yummi Go Gourmet reported total assets of $16,499,447 and total liabilities of $14,939,745, with members' equity of $1,559,702. The company achieved a net income of $2,729,629 for the year. Notable financial items include cash and cash equivalents of $1,302,921, accounts receivable of $6,845,498, and inventories of $2,823,714. Key liabilities include accounts payable of $8,962,763 and notes payable of $2,144,471. The audit report mentioned evaluating for any substantial doubt about the company's ability to continue as a going concern but did not identify any such concerns. The financial notes also highlight significant related party transactions, including a lease for office and warehouse space from an affiliate, Aung Enterprises, LLC, which incurred $1,200,000 in rent expense during 2023, and various fund transfers with other related entities.
Financing Details
Yummi Go Gourmet may, at its discretion, provide financing to franchisees on commercially reasonable terms, including through payment cards. If desired by the franchisee, Yummi Go Gourmet can finance all or a portion of the initial equipment, supplies, and inventory costs. These costs will be deducted from the franchisee's share of revenue until Yummi Go Gourmet is fully reimbursed. Franchisees are required to use payment cards or other financing provided by Yummi Go Gourmet to purchase inventory for their kiosks.
Performance Metrics
Total US Locations
329
Franchised Units
276
Corporate Units
6
Franchising Since
2022
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
2
Litigation Summary
Yummi Go Gourmet has been involved in two administrative proceedings. In 2021, the Washington Securities Division initiated an administrative proceeding alleging that Yummi Go Gourmet violated the Washington Franchise Investment Protection Act between 2019 and 2021 by entering into independent contractor agreements that constituted franchises with approximately 45 Washington residents without providing a franchise disclosure document. Yummi Go Gourmet entered a Consent Order on August 25, 2021, agreeing to cease and desist and pay $1,500 in investigative costs. Additionally, the California Department of Financial Protection and Innovation conducted an investigation, alleging that between 2020 and February 12, 2024, Yummi Go Gourmet violated the California Franchise Investment Law by entering into independent contractor agreements with approximately 36 prospective franchisees without first providing an FDD. On October 18, 2024, Yummi Go Gourmet executed a Consent Order, agreeing to pay a fine of $54,000 and to cease and desist from further violations of California Franchise Investment Law.
Bankruptcy History
Yummi Go Gourmet has no bankruptcy information to disclose.
Agreement Terms
Initial Term
1 years
Renewal Term
1 years
Renewal Conditions
To renew their franchise agreement, Yummi Go Gourmet franchisees must ensure they are not in default of any agreement provisions, have satisfied all monetary obligations to Yummi Go Gourmet and its affiliates, execute the then-current form of the franchise agreement (which may have materially different terms and fees), pay a renewal fee between $500 and $6,500, execute a general release of any claims against Yummi Go Gourmet and its affiliates, and comply with Yummi Go Gourmet's current qualification and training requirements.
Training & Support Program
Franchisor Assistance
Yummi Go Gourmet assists franchisees by providing a pre-selected Host Location site for their kiosk and an initial operational training program for up to five personnel, including the Managing Owner and Operating Partner. Once open, Yummi Go Gourmet may offer additional training programs and ongoing advisory assistance regarding kiosk operations. This support includes providing research data and materials related to merchandising, marketing, and advertising, along with written advice on managing and operating techniques, new developments, equipment, food products, packaging, and preparation. Yummi Go Gourmet may also establish and administer a national advertising program, requiring franchisee participation.
Initial Training Hours
80
Training Location
Training Facilities throughout the U.S., including Dallas, TX
Ongoing Support
Yummi Go Gourmet provides continuing advisory assistance in operating the Yummi Go Gourmet kiosks, including advice and written materials on management techniques, new developments, equipment, food products, packaging, and preparation. The franchisor may also make available other training programs and research data and materials for merchandising, marketing, and advertising. Yummi Go Gourmet conducts onsite food quality and safety inspections 4-6 times per year and performs periodic onsite supervisory visits, with the frequency determined by sales volume and previous inspection results.
Franchise Requirements
Ideal Candidate Profile
Yummi Go Gourmet seeks qualified applicants who demonstrate strong educational, managerial, and business standards. Ideal candidates should possess good moral character, a positive business reputation, and a strong credit rating. They need the aptitude and ability to operate a Yummi Go Gourmet kiosk according to the franchise agreement, potentially evidenced by prior related business experience. Franchisees, or their designated Managing Owner or Operating Partner, are required to devote their full time and best efforts to the daily operations of the kiosk. Operating Partners specifically need to live within a 50-mile radius of the location and have no other operational or management commitments. Candidates should also have sufficient financial resources, infrastructure, and capital for operating a multi-unit kiosk business.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail
Owner Participation
Full-Time
Territory Type
Non-Exclusive
Staff Count
2
Staffing Notes
Yummi Go Gourmet franchisees are required to maintain a competent, conscientious, and fully-trained staff at their kiosks. This includes at least two full-time employees, with at least one designated as a full-time manager (unless otherwise agreed by Yummi Go Gourmet). During all operating hours, the kiosk must be staffed by one manager and at least one additional employee. Franchisees are entirely responsible for hiring, firing, training, disciplining, setting hours, and supervising all their employees. Employees must uphold good customer relations and adhere to the prescribed dress code. Yummi Go Gourmet also clarifies that franchisees are the sole employers and bear full responsibility for the safety and well-being of their employees.