Start-Up Costs and Fees |
||
| Magic Wok | Little Sheep Hot Pot | |
| Investment | 95000 - 150000 | 500000 - 1200000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 3% | |
| Year Founded | 1983 | 1999 |
| Year Franchised | 1991 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Magic Wok | Little Sheep Hot Pot | |
| Experience | ||
Financing Options |
||
| Magic Wok | Little Sheep Hot Pot | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Magic Wok | Little Sheep Hot Pot | |
| Training | Toledo, OH 3-4 Weeks | 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. |
| Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | 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. |
| 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. | |
| Operations | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | |
Expansion Plans |
||
| Magic Wok | Little Sheep Hot Pot | |
| US Expansion | Florida, Illinois, Indiana, Maryland, Michigan, Virginia | |
| Canada Expansion | ||
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Magic Wok | |
| Little Sheep Hot Pot | |
| Franchise Fee | |
| Magic Wok | |
| Little Sheep Hot Pot | |
| Royalty Fee | |
| Magic Wok | 5% |
| Little Sheep Hot Pot | 6% |
| Advertising Fee | |
| Magic Wok | 3% |
| Little Sheep Hot Pot | |
| Year Founded | |
| Magic Wok | 1983 |
| Little Sheep Hot Pot | 1999 |
| Year Franchised | |
| Magic Wok | 1991 |
| Little Sheep Hot Pot | 2003 |
| Term Of Agreement | |
| Magic Wok | 10 years +10 |
| Little Sheep Hot Pot | |
| Renewal Fee | |
| Magic Wok | |
| Little Sheep Hot Pot | |
Business Experience Requirements |
|
| Experience | |
| Magic Wok | |
| Little Sheep Hot Pot | |
Financing Options |
|
| Franchise Fees | |
| Magic Wok | |
| Little Sheep Hot Pot | |
| Start-up Costs | |
| Magic Wok | |
| Little Sheep Hot Pot | |
| Equipment | |
| Magic Wok} | |
| Little Sheep Hot Pot | |
| Inventory | |
| Magic Wok | |
| Little Sheep Hot Pot | |
| Receivables | |
| Magic Wok | |
| Little Sheep Hot Pot | |
| Payroll | |
| Magic Wok | |
| Little Sheep Hot Pot | |
Training & Support |
|
| Training | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| 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. |
| Support | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| 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. |
| Marketing | |
| Magic Wok | |
| 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. |
| Operations | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Little Sheep Hot Pot | |
Expansion Plans |
|
| US Expansion | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Little Sheep Hot Pot | |
| Canada Expansion | |
| Magic Wok | |
| Little Sheep Hot Pot | |
| International Expansion | |
| Magic Wok | Mexico, Saudi Arabia |
| Little Sheep Hot Pot | |