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Papaya King

Franchise

Papaya King is the classic hot dogs and tropical drinks shop. Called by Zagat the "best, cheapest (stand-up) lunch in the city". A quintessential New York experience that's embraced by all kinds of customers. Papaya King is a well known brand with a simple and scalable operating model. The 86th street location is among the highest grossing restaurants (per square foot) in New York.

Facts & Figures

Liquid capital required
$500,000
Investment
$300,001 - $400,000
Franchise fee
$35,000
Royalty
6.0%
Franchising Since
2011

Overview

ABOUT PAPAYA KING

Say the words "Papaya King" and franks and tropical drinks will instantly come to mind. Papaya King has been called by Zagat the "best, cheapest (stand-up) lunch in the city" and “more vital than the subway.” Critic Ed Levine of New York Eats calls it the "best hot dog in the world" and Julia Child and Anthony Bourdain both agree it’s the best hot dog in New York. Over the years, Papaya King has played host to movie stars, rock stars, presidents, business titans, and most importantly, New Yorkers and visitors from all walks of life.

FRANCHISE INFORMATION

Single Unit Initial Franchise Fee: $30,000

Food truck Franchise Fee: $5,000

Mobile Food Cart Franchise Fee: $5,000

Capital Required: $355,500 - $669,500

Number of units: 1

Investment Level: $50,001 ~ $700,000

Royalty Fee - Single Unit: 6%

Royalty Fee – Food truck & Mobile Units: 5%

Marketing Fees – Restaurants: 2%

Marketing Fees- Local Advertising: 1%

WHAT MAKES THIS A GREAT OPPORTUNITY

DIFFERENTIATED CONCEPT

Customers and large scale strategic partners have embraced the brand worldwide. Papaya King is a democratic concept that appeals to all economic, demographic and psychographics.

HIGH EXPERIENCE TO VALUE QUOTIENT

Quintessential (and filling) New York culinary experience for less than a Venti Starbucks latte.

ACTIONABLE MARKET OPPORTUNITY

Competitors in the hot dog space have minimal focus on brand, quality, service or experience creation.

ATTRACTIVE UNIT ECONOMICS

Simple menu with high gross margins, small required footprint and low CAPEX requirements. The 86th Street location is one of the highest grossing restaurants (per square foot) in New York.

SCALABLE MODEL

The operating model is simple and transportable with scalability in mind including template floor plans, signage, menus, uniforms, vendor rationalization, and design.

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