Start-Up Costs and Fees |
||
| Magic Wok | Bann Thai | |
| Investment | 95000 - 150000 | 224000 - 603000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1983 | 2010 |
| Year Franchised | 1991 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Magic Wok | Bann Thai | |
| 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 |
||
| Magic Wok | Bann Thai | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Magic Wok | Bann Thai | |
| 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 |
||
| Magic Wok | Bann Thai | |
| US Expansion | Florida, Illinois, Indiana, Maryland, Michigan, Virginia | 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 |
| Canada Expansion | ||
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Magic Wok | |
| Bann Thai | |
| Franchise Fee | |
| Magic Wok | |
| Bann Thai | |
| Royalty Fee | |
| Magic Wok | 5% |
| Bann Thai | 5% |
| Advertising Fee | |
| Magic Wok | 3% |
| Bann Thai | |
| Year Founded | |
| Magic Wok | 1983 |
| Bann Thai | 2010 |
| Year Franchised | |
| Magic Wok | 1991 |
| Bann Thai | 2013 |
| Term Of Agreement | |
| Magic Wok | 10 years +10 |
| Bann Thai | 10 years |
| Renewal Fee | |
| Magic Wok | |
| Bann Thai | |
Business Experience Requirements |
|
| Experience | |
| Magic Wok | |
| 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. |
Financing Options |
|
| Franchise Fees | |
| Magic Wok | |
| Bann Thai | |
| Start-up Costs | |
| Magic Wok | |
| Bann Thai | |
| Equipment | |
| Magic Wok} | |
| Bann Thai | |
| Inventory | |
| Magic Wok | |
| Bann Thai | |
| Receivables | |
| Magic Wok | |
| Bann Thai | |
| Payroll | |
| Magic Wok | |
| Bann Thai | |
Training & Support |
|
| Training | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Bann Thai | |
| Support | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Bann Thai | |
| Marketing | |
| Magic Wok | |
| Bann Thai | |
| Operations | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Bann Thai | |
Expansion Plans |
|
| US Expansion | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| 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 |
| Canada Expansion | |
| Magic Wok | |
| Bann Thai | |
| International Expansion | |
| Magic Wok | Mexico, Saudi Arabia |
| Bann Thai | |