Requirements & Fees

 
Financial Requirements
Thai Express development agreements generally require franchisees to build and operate a minimum number of restaurants in a specific geographic area within a period of five to ten years. Interested franchisees should have a substantial net worth and cash position. A minimum US$ 3 million net worth with additional liquid/cash assets is recommended.

These are the minimum requirements and do not represent to total potential costs to open and operate one or more Thai Express outlets.  

Ownership Requirements

Thai Express is pleased to work with prospective franchisees who:

• have a strong business background preferably strong restaurant or retail management experience
• live or have business operations in the area to be developed during the term of the development agreement
• submit an annual report, financial statement and/or resume to the Minor Food Group.

International Franchise Agreements

• Letter of Intent (LOI): This non-binding letter outlines our understanding of the territory and number of units to be developed. A deposit is required upon execution of the letter of intent. The deposit will be credited against the Area Development Fee which is due whenever a Master Franchise and Development Agreement is signed.

• Master Franchise and Development Agreement (MFDA): This binding agreement sets forth all development rights and obligations including the territory and minimum development schedule. Under certain conditions, the MFDA can permit sub-franchising.

• Franchise Agreement: This agreement is signed whenever a new restaurant opens. The FA governs the term and operations of that restaurant.