Start-Up Costs and Fees |
||
| Magic Wok | Doc Chey's Asian Kitchen | |
| Investment | 95000 - 150000 | 287500 - 462000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1983 | 1997 |
| Year Franchised | 1991 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Magic Wok | Doc Chey's Asian Kitchen | |
| Experience | 3 years of restaurant experience | |
Financing Options |
||
| Magic Wok | Doc Chey's Asian Kitchen | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Magic Wok | Doc Chey's Asian Kitchen | |
| Training | Toledo, OH 3-4 Weeks | |
| Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op advertising | |
| Operations | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Magic Wok | Doc Chey's Asian Kitchen | |
| US Expansion | Florida, Illinois, Indiana, Maryland, Michigan, Virginia | Mid West, North East, South, South East, |
| Canada Expansion | ||
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | |
| Franchise Fee | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | |
| Royalty Fee | |
| Magic Wok | 5% |
| Doc Chey's Asian Kitchen | 5% |
| Advertising Fee | |
| Magic Wok | 3% |
| Doc Chey's Asian Kitchen | |
| Year Founded | |
| Magic Wok | 1983 |
| Doc Chey's Asian Kitchen | 1997 |
| Year Franchised | |
| Magic Wok | 1991 |
| Doc Chey's Asian Kitchen | 2004 |
| Term Of Agreement | |
| Magic Wok | 10 years +10 |
| Doc Chey's Asian Kitchen | 10 years |
| Renewal Fee | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | 50% of then-current fee |
Business Experience Requirements |
|
| Experience | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | 3 years of restaurant experience |
Financing Options |
|
| Franchise Fees | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | |
| Start-up Costs | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | |
| Equipment | |
| Magic Wok} | |
| Doc Chey's Asian Kitchen | |
| Inventory | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | |
| Receivables | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | |
| Payroll | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | |
Training & Support |
|
| Training | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Doc Chey's Asian Kitchen | |
| Support | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Doc Chey's Asian Kitchen | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | Co-op advertising |
| Operations | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Doc Chey's Asian Kitchen | Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Doc Chey's Asian Kitchen | Mid West, North East, South, South East, |
| Canada Expansion | |
| Magic Wok | |
| Doc Chey's Asian Kitchen | |
| International Expansion | |
| Magic Wok | Mexico, Saudi Arabia |
| Doc Chey's Asian Kitchen | |