Started “Global Taste Venture”, a support service for restaurants to expand overseas. Understand market needs through on-site surveys and formulate business strategies
Universal Dream Co., Ltd. Press release: October 31, 2024 Launched “Global Taste Venture”, a support service for restaurants expanding overseas. Understand market needs through on-site surveys and formulate business strategies. Bringing Japanese food to the world – Total consulting that supports everything from company registration to interior construction, legal affairs, grand opening, and subsequent operations
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Representative Director: Hiroki Kanoya, hereinafter referred to as Universal Dream) is a comprehensive company that solves the various challenges that restaurant owners and companies in the food and beverage industry face when expanding into overseas markets. We will release the service “Global Taste Venture” on November 1, 2024. From corporate registration to grand opening, we conduct on-site surveys to understand market needs and trends and formulate strategies to lead to success. International Business Partners International Bussines Partners Supporting global challenges with a solid track record ■ Expansion of Japanese food boom and acceleration of overseas expansion In March 2023, the Japan External Trade Organization (JETRO) announced the “Survey on Trends in Japanese Restaurants in the United States,” which once again showed the growth of the Japanese food business in the United States. According to the same study, the number of Japanese restaurants will increase from 18,600 in 2018 to 23,064 in 2022, with rapid expansion particularly in major cities such as California, New York, Texas, and Florida. Demand for popular menu items such as sushi and ramen is rapidly increasing in the U.S. market, and the number of ramen specialty restaurants is now over 6,000 nationwide. However, restaurant owners and companies aiming to expand into the U.S. market face many challenges, such as differences in culture and regulations, understanding market needs, and the difficulty of conducting local research, making it necessary to provide support in these areas. It’s increasing. The Japanese restaurant market in North America is segmented by type of cuisine (traditional Japanese food, specialty Japanese food, modern Japanese food), service format (quick service, full service, takeout), restaurant model (takeout, home delivery, dine-in), etc. According to an analysis by Data Bridge Market Research, the market size will grow from $4.97 billion in 2023 to $6.38 billion in 2031, with a compound annual growth rate of 3.23% from 2024 to 2031. It is expected. Due to this growth, demand for the Japanese food business is expected to further expand in the future.
https://prcdn.freetls.fastly.net/release_image/150725/1/150725-1-d995b37a843418509a095ae1707ddec7-1067×533.jpg Data Bridge Market Research. North America Japanese Restaurant Market is Expected to Account for USD 6.38 Billion by 2031. Data Bridge Market Research Analysis Study, 2024. ■ Background – “Japanese food is very popular overseas, but how should we expand into it?” In recent years, the food and beverage industry has become increasingly globalized, and expanding into overseas markets has become an increasingly important growth strategy for companies. However, many restaurant owners and companies face various challenges when expanding overseas, such as differences in culture and laws and regulations, understanding market needs, and difficulty conducting on-site surveys. We at Universal Dream have developed Global Taste Venture to solve these challenges and help businesses in the food and beverage industry achieve success in international markets. This service provides a range of support including corporate registration, accounting, and legal advice, creating an environment in which clients can smoothly expand overseas. We believe in the potential of the food and beverage business, and aim to become a reliable partner to help more companies succeed on the global stage. ■ Global Taste Venture American corporation registration is possible from Japan! Corporate
registration is an important step for companies wishing to expand into the United States, but there are various obstacles, such as concerns about travel costs, English language procedures, and the need to have an office to register the registered address. I will. Therefore, our company “Global Taste Venture” will solve all of these problems. We will support you in smoothly completing the corporate registration procedure while you are in Japan. Leave it to us as your reliable partner to help you expand overseas with peace of mind. Total consulting, We will comprehensively support all steps up to the grand opening, including establishing a corporation, obtaining business licenses, coordinating interior construction, marketing strategy, and building local networks. We also provide professional advice on tax and legal matters, support for all procedures such as securing human resources, and visa applications, providing thorough support so that owners can succeed in overseas markets with peace of mind. ■ Global Taste Venture Service Content At Global Taste Venture, we provide the following comprehensive support to help restaurant owners and companies in the food and beverage industry overcome the various challenges they face when expanding into overseas markets. ○Corporate establishment procedures ・ Support for legal entity establishment procedures such as LLC, C-Corp, and S-Corp ・ Preparation and submission support of documents necessary for company establishment ○License acquisition ・ Support for obtaining business licenses, alcohol sales licenses, franchise licenses, etc. necessary for restaurant businesses ○Tax advice ・ Advice on registration and application for corporate tax, business tax, and payroll tax ・ Professional support based on US tax law ○ Business plan creation ・ Creating a business plan for overseas markets ・ Preparing the materials necessary for applying for a loan from a bank ○Local network ・ Networking support with overseas business partners and suppliers ○Accounting/Accounting ・ Support for accounting and accounting operations in compliance with accounting standards ・ Introduction to reliable accounting firms ○Visa/work permit related ・ Visa application and work permit support for business owners and employees ○Legal advice ・ Advice on legal issues such as labor law, contract law, and intellectual property protection ○Risk management ・ Proposal and implementation support for management measures for risks specific to overseas markets ○Interior construction ・ Coordination of interior construction according to local standards ○Marketing ・ Marketing strategy and branding support to establish a strong presence in overseas markets ○Human resource consulting ・ Recruitment to secure and retain excellent human resources ・ Talent management and HR compliance support ■ Various overseas expansion models Global Taste Venture offers a variety of expansion models so that restaurant owners can choose the optimal expansion mode according to their business goals and local market conditions. Each model corresponds to different management styles and expansion strategies, providing flexible support tailored to a company’s needs. 1. Sublicense agreement We provide a mechanism for local partner companies to operate brands in specific regions through licensing agreements. This format is an effective way to license companies with local knowledge and promote their brand. Through sublicense agreements, operations are operated by partners who are familiar with the laws, regulations, and markets of the countries in which they operate, allowing for rapid deployment while reducing risks. 2. Subfranchise agreement We provide optimal support to companies aiming to expand local stores through the franchise business model. A subfranchise agreement allows franchise expansion in each region, allowing local franchise owners to operate stores in line with their own brand standards. This model is effective for maintaining brand consistency while reducing administrative burden. 3. Direct management model Even in the case of a “direct management model” where the company directly sets up a store locally and has 100% ownership, Global Taste Venture provides comprehensive support from legal procedures to market research, store design, staff recruitment, and local marketing. . This model is ideal for companies looking to penetrate deep into local markets while maintaining full control of their brand. 4. Other expansion models Depending on your company’s goals, we can also discuss other forms of expansion, such as joint ventures and partnership models. Global Taste Venture will make flexible proposals and work with you to build an optimal expansion plan. ■ Examples of overseas expansion using Global Taste Venture
https://prcdn.freetls.fastly.net/release_image/150725/1/150725-1-5aa24c1c83006d1c1457f7ae40e00fbd-1360×1020.jpg Ramen, sushi ZABON Ramen & Sushi America, Anaheim store Zabon is part of our Global Taste Venture We used project management services. We provided total support from market research to store location selection and post-opening operational support. You can view the article by clicking the button below. Zabon Ramen & Sushi, a popular sushi and ramen brand from Kagoshima Prefecture, has expanded into the American market and achieved monthly sales of 60 million yen just a few months after opening. Zabon’s success is largely due to strategic support through our Global Taste Venture. Zabon has established a strong position in the American market with a diverse menu tailored to local needs and efficient operations. In addition to ramen and sushi, they offer creative cuisine adapted for American tastes, such as vegan ramen, and are supported by a wide range of customers. In particular, the affordable prices of ramen at $14.50 and sushi at $10.95 attract many consumers. Article continuation ■ About International Bussines Partners International Business Partners provides professional consulting services that fully support companies’ expansion overseas. We provide one-stop support for companies’ international expansion and promote growth, from local market research to business strategy formulation, incorporation, and even ongoing post-operation support. Our mission is to provide companies with the solid strategy and execution power to achieve sustainable growth as they aim to succeed in the global marketplace. Your success is our success. International Business Partners leverages our extensive industry experience and expertise to boldly tackle complex international business challenges. We aim to achieve our goals together with our customers and do our best to increase our
competitiveness in the international market. We promise to open up your company’s future and create new opportunities with a prompt and accurate approach. Take a step to the next stage with us. ■ Company profile Company name: Universal Dream Co., Ltd. Head Office: ACT Building 2F, 1-26-14 Ebisu, Shibuya-ku, Tokyo Representative: Representative Director Hiroki Kanoya Company names, product and service names mentioned in this text are registered trademarks or trademarks of each company.