Headquarters picks the point of sale
Every location must use VelaPOS. A pitch for a POS goes to headquarters, not to owners.
Item 11 · 2023 filingFrom the filings · Quick service restaurant
Myungrang America franchise
6 locations, and franchised locations grew 100% last year. Headquarters picks the POS, the card processor and supplies.
Older dataFrom the 2023 filing on record. A newer filing is overdue, so these figures may have changed.Updated June 2026
Total investment
$189K to $525K
Item 7
Locations
6
+100% franchised
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Fees and terms
What a franchisee signs up for
Initial fee
$35K
Item 5 · per location
Royalty
4%
Item 6 · full terms unconfirmed
Ad fund
0%
Item 6 · percentage component
Term
10 years
Item 17
Franchised
100%
Item 20 · 6 of 6
For vendors
What decides a sale into Myungrang America
Headquarters designates the suppliers
Owners buy from the suppliers the franchisor designates, so supply deals are made with headquarters.
Item 8 · 2023 filingMostly single-location owners
Every owner on record runs one location. Franchised locations grew by about 3 last year, and each opening buys the required systems.
Item 20 · 2023 filingThe account brief
The rest of the filing, read for your product
We keep the detail off this page. Tell us what you sell, and an analyst sends the full brief for Myungrang America, with the clauses that matter to you.
- All 8 systems the filing namesWhich are required and which are only mentioned, with the clause text
- What the point of sale costs an ownerThe cost lines from Item 11
- Who decides at headquartersThe technology, operations and finance leads, by role and name
- The owner map1 owners by state
Source
Read the filing itself
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Answered from the filing
Myungrang America franchise questions
How much does a Myungrang America franchise cost?
The 2023 FDD puts the total investment at $188,793 to $525,468, including a $35,000 initial fee.
How many Myungrang America locations are there?
The 2023 FDD lists 6 locations, 6 of them franchised and 0 run by the company. Franchised locations grew by about 3 over the year.
What POS system does Myungrang America use?
The 2023 FDD requires VelaPOS as the point of sale in every location.
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Tell me when Myungrang America refiles
Primary franchise filings · updated June 2026. Read the original filing for definitions, conditions, and qualifications.