Start-Up Costs and Fees |
||
| Magic Wok | Rice King | |
| Investment | 95000 - 150000 | 173500 - 395000 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3% | |
| Year Founded | 1983 | 1982 |
| Year Franchised | 1991 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Magic Wok | Rice King | |
| Experience | ||
Financing Options |
||
| Magic Wok | Rice King | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Magic Wok | Rice King | |
| 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 | Rice King | |
| 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 | |
| Rice King | |
| Franchise Fee | |
| Magic Wok | |
| Rice King | |
| Royalty Fee | |
| Magic Wok | 5% |
| Rice King | |
| Advertising Fee | |
| Magic Wok | 3% |
| Rice King | |
| Year Founded | |
| Magic Wok | 1983 |
| Rice King | 1982 |
| Year Franchised | |
| Magic Wok | 1991 |
| Rice King | 1996 |
| Term Of Agreement | |
| Magic Wok | 10 years +10 |
| Rice King | |
| Renewal Fee | |
| Magic Wok | |
| Rice King | |
Business Experience Requirements |
|
| Experience | |
| Magic Wok | |
| Rice King | |
Financing Options |
|
| Franchise Fees | |
| Magic Wok | |
| Rice King | |
| Start-up Costs | |
| Magic Wok | |
| Rice King | |
| Equipment | |
| Magic Wok} | |
| Rice King | |
| Inventory | |
| Magic Wok | |
| Rice King | |
| Receivables | |
| Magic Wok | |
| Rice King | |
| Payroll | |
| Magic Wok | |
| Rice King | |
Training & Support |
|
| Training | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Rice King | |
| Support | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Rice King | |
| Marketing | |
| Magic Wok | |
| Rice King | |
| Operations | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Rice King | |
Expansion Plans |
|
| US Expansion | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Rice King | 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 | |
| Rice King | |
| International Expansion | |
| Magic Wok | Mexico, Saudi Arabia |
| Rice King | |