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The Panda Restaurant Group, parent company of Panda Inn, Panda Express, and Hibachi-San, was founded by Andrew and Peggy Cherng and Andrew's father, Master Chef Ming Tsai Cherng. Andrew Cherng and his father are from the Yangzhou region of China 's Jiangsu province, while Peggy was born in Burma and raised in Hong Kong.
Franchise Costs: Detailed Estimates of Panda Express Franchise Costs (2016 FDD) This post was updated on July 4, 2016 to reflect information from Panda Expressâs 2016 FDD (Item 7). Detailed Estimates of Panda Express Franchise Costs Based on Item 7 (Estimated Initial Investment) of Panda Expressâs 2016 Franchise Disclosure Document. The initial investment table shows certain expenditures required to open a single Panda Express Restaurant.