The Village Global podcast takes you inside the world of venture capital and technology, featuring enlightening interviews with entrepreneurs, investors and tech industry leaders. Learn more at www.villageglobal.vc.
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Korean BBQ In A Cup: Dok Kwon, COO of Cupbop
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Manage episode 377275064 series 1941161
Content provided by Modrn Business Podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Modrn Business Podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode I had a great conversation with Dok Kwon, COO of Cupbop, a fast growing Korean BBQ in a cup franchise opportunity. In the episode we discussed the Cupbop brand story, growth, investment opportunity, and future plans Dok's Background: - Originally from Korea, moved to the US at age 11 - Worked in finance at Goldman Sachs and Citadel as an investor and analyst - First encountered Cupbop as a customer when it was a food truck in Utah - Joined Cupbop 4 years ago to help scale the brand nationally Cupbop Overview: - Founded in 2013 in Salt Lake City Utah, now over 50 locations in 6 states - International presence with 170+ units in Indonesia - Korean BBQ ingredients like meat, rice, noodles served in a cup - Customizable with different proteins, spice levels, and sauces - Popular menu items: Combo Bop, Beef Bop, Rock Bop (Korean fried chicken) Growth and Expansion: - Planning to reach 100 locations by 2024, with focus on multi-unit franchise partners - Looking for experienced operators to grow brand thoughtfully and maintain culture - Unit investment around $400-500K for buildout, good unit economics Brand Strengths: - Strong branding and social media presence organically built - Viral TikTok account with over 700K followers - Appeared on Shark Tank in 2019 for exposure - Raving fan base, high online reviews and engagement Tailwinds and Market Potential: - Riding wave of interest in Korean culture and food - Creating new QSR category as first national Korean food brand - International presence with 170+ units in Indonesia, plus inquiries from Dubai and elsewhere Takeaways: - Differentiated emerging franchise with strong unit economics - Experienced leadership team focused on culture and quality - Authentic brand with engaged following and growth momentum
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451 episodes
MP3•Episode home
Manage episode 377275064 series 1941161
Content provided by Modrn Business Podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Modrn Business Podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode I had a great conversation with Dok Kwon, COO of Cupbop, a fast growing Korean BBQ in a cup franchise opportunity. In the episode we discussed the Cupbop brand story, growth, investment opportunity, and future plans Dok's Background: - Originally from Korea, moved to the US at age 11 - Worked in finance at Goldman Sachs and Citadel as an investor and analyst - First encountered Cupbop as a customer when it was a food truck in Utah - Joined Cupbop 4 years ago to help scale the brand nationally Cupbop Overview: - Founded in 2013 in Salt Lake City Utah, now over 50 locations in 6 states - International presence with 170+ units in Indonesia - Korean BBQ ingredients like meat, rice, noodles served in a cup - Customizable with different proteins, spice levels, and sauces - Popular menu items: Combo Bop, Beef Bop, Rock Bop (Korean fried chicken) Growth and Expansion: - Planning to reach 100 locations by 2024, with focus on multi-unit franchise partners - Looking for experienced operators to grow brand thoughtfully and maintain culture - Unit investment around $400-500K for buildout, good unit economics Brand Strengths: - Strong branding and social media presence organically built - Viral TikTok account with over 700K followers - Appeared on Shark Tank in 2019 for exposure - Raving fan base, high online reviews and engagement Tailwinds and Market Potential: - Riding wave of interest in Korean culture and food - Creating new QSR category as first national Korean food brand - International presence with 170+ units in Indonesia, plus inquiries from Dubai and elsewhere Takeaways: - Differentiated emerging franchise with strong unit economics - Experienced leadership team focused on culture and quality - Authentic brand with engaged following and growth momentum
…
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451 episodes
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