Start-Up Costs and Fees |
||
| Bann Thai | Magic Wok | |
| Investment | 224000 - 603000 | 95000 - 150000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 2010 | 1983 |
| Year Franchised | 2013 | 1991 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Bann Thai | Magic Wok | |
| Experience | DRIVER Has written and actionable goals Focus on the end result, regardless of the amount of time it takes to get there. Plan and act towards desired goals better than current circumstance Focus on what is going right, regardless of what is going wrong If this sounds like you, we are looking for you. | |
Financing Options |
||
| Bann Thai | Magic Wok | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Bann Thai | Magic Wok | |
| Training | Toledo, OH 3-4 Weeks | |
| Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | |
| Marketing | ||
| Operations | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | |
Expansion Plans |
||
| Bann Thai | Magic Wok | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Canada Expansion | ||
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Bann Thai | |
| Magic Wok | |
| Franchise Fee | |
| Bann Thai | |
| Magic Wok | |
| Royalty Fee | |
| Bann Thai | 5% |
| Magic Wok | 5% |
| Advertising Fee | |
| Bann Thai | |
| Magic Wok | 3% |
| Year Founded | |
| Bann Thai | 2010 |
| Magic Wok | 1983 |
| Year Franchised | |
| Bann Thai | 2013 |
| Magic Wok | 1991 |
| Term Of Agreement | |
| Bann Thai | 10 years |
| Magic Wok | 10 years +10 |
| Renewal Fee | |
| Bann Thai | |
| Magic Wok | |
Business Experience Requirements |
|
| Experience | |
| Bann Thai | DRIVER Has written and actionable goals Focus on the end result, regardless of the amount of time it takes to get there. Plan and act towards desired goals better than current circumstance Focus on what is going right, regardless of what is going wrong If this sounds like you, we are looking for you. |
| Magic Wok | |
Financing Options |
|
| Franchise Fees | |
| Bann Thai | |
| Magic Wok | |
| Start-up Costs | |
| Bann Thai | |
| Magic Wok | |
| Equipment | |
| Bann Thai} | |
| Magic Wok | |
| Inventory | |
| Bann Thai | |
| Magic Wok | |
| Receivables | |
| Bann Thai | |
| Magic Wok | |
| Payroll | |
| Bann Thai | |
| Magic Wok | |
Training & Support |
|
| Training | |
| Bann Thai | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Support | |
| Bann Thai | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | |
| Bann Thai | |
| Magic Wok | |
| Operations | |
| Bann Thai | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
|
| US Expansion | |
| Bann Thai | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Canada Expansion | |
| Bann Thai | |
| Magic Wok | |
| International Expansion | |
| Bann Thai | |
| Magic Wok | Mexico, Saudi Arabia |