Start-Up Costs and Fees |
||
| Little Sheep Hot Pot | Wok Box | |
| Investment | 500000 - 1200000 | 350000 - 425000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3% | |
| Year Founded | 1999 | 2004 |
| Year Franchised | 2003 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Little Sheep Hot Pot | Wok Box | |
| Experience | ||
Financing Options |
||
| Little Sheep Hot Pot | Wok Box | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Little Sheep Hot Pot | Wok Box | |
| Training | For our franchisees (two persons at most)soup base and broth formulation and preparation food preparation and presentationmanagement of the dining area and the kitchenfinancial controlPOS system inventory control etc. training workshops in various forms at irregular intervals to facilitate communication and learning for all of our franchisees. | Prior to the opening of your Wok Box Fresh Asian Kitchen, Wok Box will provide the franchisee with extensive training in one of our corporate stores and at our Head Office. During this training the franchisee will learn all the hands on aspects of preparing each dish, how to make orders to minimize product waste, the industry secrets to operating a successful restaurant, how to utilize the Point of Sale systems and most importantly allow the franchisee to become an integral part of the Wok Box team. |
| Support | After the grand opening of the franchised restaurant, we will visit its business and operation from time to time. Then, based on the inspections results, we will make proper suggestions and require corrections when necessary to enhance the franchisee's profitability. We will supply the Little Sheep proprietary soup condiments, designate some of the meat, food and beverage, constructive materials and equipment suppliers, and also assist franchisees with the purchase of dishware, uniforms, and some of the key materials as part of our franchising support. | Wok Box regional Operations Managers and Master Developers will be in constant contact with all franchisees to ensure that the Wok Box product is being prepared consistently across the markets. These key people will provide Franchisees advice on how to improve their operations and ultimately will aid all Wok Box Fresh Asian Kitchens to succeed. |
| Marketing | By establishing the System Marketing Fund (1% of total sales of each store, including the corporate affiliates and franchisees), we will consolidate all marketing resources for the most optimized result. It will continue to enhance the brand image through advertisement, promotion, PR event and brand image exposure in order to boost the restaurant's recognition and credibility. Moreover, we will also facilitate various marketing activities to support franchisee's own marketing programs. | Each Wok Box Franchise contributes 3% of their gross sales to an advertising fund that will be used by Wok Box to maximize the exposure of the brand and products. Wok Box's Executive team has a wealth of knowledge for franchisees on how to best advertise and market their stores and will provide each store advice on how to promote their store in their individual market. |
| Operations | A Franchisee who purchases a Wok Box Franchise does not have to personally operate the Wok Box restaurant. However, there must be a full time Manager who has satisfactorily completed the training course provided by Wok Box and is involved in the operations or overseeing of the restaurant. Wok Box does not want to jeopardize the brand by having untrained or inexperienced personnel operating the stores. It is critical to note that to a large part the success of a Wok Box franchise depends on the enthusiasm, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore Wok Box strongly recommends that Franchisees be actively involved on a day-to-day basis in their restaurant. It will also provide a better support network if Franchisees have questions for management at Wok Box headquarters. | |
Expansion Plans |
||
| Little Sheep Hot Pot | Wok Box | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Little Sheep Hot Pot | |
| Wok Box | |
| Franchise Fee | |
| Little Sheep Hot Pot | |
| Wok Box | |
| Royalty Fee | |
| Little Sheep Hot Pot | 6% |
| Wok Box | 6% |
| Advertising Fee | |
| Little Sheep Hot Pot | |
| Wok Box | 3% |
| Year Founded | |
| Little Sheep Hot Pot | 1999 |
| Wok Box | 2004 |
| Year Franchised | |
| Little Sheep Hot Pot | 2003 |
| Wok Box | 2005 |
| Term Of Agreement | |
| Little Sheep Hot Pot | |
| Wok Box | |
| Renewal Fee | |
| Little Sheep Hot Pot | |
| Wok Box | |
Business Experience Requirements |
|
| Experience | |
| Little Sheep Hot Pot | |
| Wok Box | |
Financing Options |
|
| Franchise Fees | |
| Little Sheep Hot Pot | |
| Wok Box | |
| Start-up Costs | |
| Little Sheep Hot Pot | |
| Wok Box | |
| Equipment | |
| Little Sheep Hot Pot} | |
| Wok Box | |
| Inventory | |
| Little Sheep Hot Pot | |
| Wok Box | |
| Receivables | |
| Little Sheep Hot Pot | |
| Wok Box | |
| Payroll | |
| Little Sheep Hot Pot | |
| Wok Box | |
Training & Support |
|
| Training | |
| Little Sheep Hot Pot | For our franchisees (two persons at most)soup base and broth formulation and preparation food preparation and presentationmanagement of the dining area and the kitchenfinancial controlPOS system inventory control etc. training workshops in various forms at irregular intervals to facilitate communication and learning for all of our franchisees. |
| Wok Box | Prior to the opening of your Wok Box Fresh Asian Kitchen, Wok Box will provide the franchisee with extensive training in one of our corporate stores and at our Head Office. During this training the franchisee will learn all the hands on aspects of preparing each dish, how to make orders to minimize product waste, the industry secrets to operating a successful restaurant, how to utilize the Point of Sale systems and most importantly allow the franchisee to become an integral part of the Wok Box team. |
| Support | |
| Little Sheep Hot Pot | After the grand opening of the franchised restaurant, we will visit its business and operation from time to time. Then, based on the inspections results, we will make proper suggestions and require corrections when necessary to enhance the franchisee's profitability. We will supply the Little Sheep proprietary soup condiments, designate some of the meat, food and beverage, constructive materials and equipment suppliers, and also assist franchisees with the purchase of dishware, uniforms, and some of the key materials as part of our franchising support. |
| Wok Box | Wok Box regional Operations Managers and Master Developers will be in constant contact with all franchisees to ensure that the Wok Box product is being prepared consistently across the markets. These key people will provide Franchisees advice on how to improve their operations and ultimately will aid all Wok Box Fresh Asian Kitchens to succeed. |
| Marketing | |
| Little Sheep Hot Pot | By establishing the System Marketing Fund (1% of total sales of each store, including the corporate affiliates and franchisees), we will consolidate all marketing resources for the most optimized result. It will continue to enhance the brand image through advertisement, promotion, PR event and brand image exposure in order to boost the restaurant's recognition and credibility. Moreover, we will also facilitate various marketing activities to support franchisee's own marketing programs. |
| Wok Box | Each Wok Box Franchise contributes 3% of their gross sales to an advertising fund that will be used by Wok Box to maximize the exposure of the brand and products. Wok Box's Executive team has a wealth of knowledge for franchisees on how to best advertise and market their stores and will provide each store advice on how to promote their store in their individual market. |
| Operations | |
| Little Sheep Hot Pot | |
| Wok Box | A Franchisee who purchases a Wok Box Franchise does not have to personally operate the Wok Box restaurant. However, there must be a full time Manager who has satisfactorily completed the training course provided by Wok Box and is involved in the operations or overseeing of the restaurant. Wok Box does not want to jeopardize the brand by having untrained or inexperienced personnel operating the stores. It is critical to note that to a large part the success of a Wok Box franchise depends on the enthusiasm, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore Wok Box strongly recommends that Franchisees be actively involved on a day-to-day basis in their restaurant. It will also provide a better support network if Franchisees have questions for management at Wok Box headquarters. |
Expansion Plans |
|
| US Expansion | |
| Little Sheep Hot Pot | |
| Wok Box | |
| Canada Expansion | |
| Little Sheep Hot Pot | |
| Wok Box | |
| International Expansion | |
| Little Sheep Hot Pot | |
| Wok Box | |