Start-Up Costs and Fees |
||
| Magic Wok | Samurai Sam's Teriyaki Grill | |
| Investment | 95000 - 150000 | 106300 - 432100 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 3% | 1% |
| Year Founded | 1983 | 1994 |
| Year Franchised | 1991 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Magic Wok | Samurai Sam's Teriyaki Grill | |
| Experience | General business experience | |
Financing Options |
||
| Magic Wok | Samurai Sam's Teriyaki Grill | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Magic Wok | Samurai Sam's Teriyaki Grill | |
| Training | Toledo, OH 3-4 Weeks | K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more. |
| 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, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 25 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
||
| Magic Wok | Samurai Sam's Teriyaki Grill | |
| US Expansion | Florida, Illinois, Indiana, Maryland, Michigan, Virginia | |
| Canada Expansion | ||
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | |
| Franchise Fee | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | |
| Royalty Fee | |
| Magic Wok | 5% |
| Samurai Sam's Teriyaki Grill | 6% |
| Advertising Fee | |
| Magic Wok | 3% |
| Samurai Sam's Teriyaki Grill | 1% |
| Year Founded | |
| Magic Wok | 1983 |
| Samurai Sam's Teriyaki Grill | 1994 |
| Year Franchised | |
| Magic Wok | 1991 |
| Samurai Sam's Teriyaki Grill | 1995 |
| Term Of Agreement | |
| Magic Wok | 10 years +10 |
| Samurai Sam's Teriyaki Grill | 15 years |
| Renewal Fee | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | $5K |
Business Experience Requirements |
|
| Experience | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | General business experience |
Financing Options |
|
| Franchise Fees | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | |
| Start-up Costs | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | |
| Equipment | |
| Magic Wok} | |
| Samurai Sam's Teriyaki Grill | |
| Inventory | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | |
| Receivables | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | |
| Payroll | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | |
Training & Support |
|
| Training | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Samurai Sam's Teriyaki Grill | K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more. |
| Support | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Samurai Sam's Teriyaki Grill | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Samurai Sam's Teriyaki Grill | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 25 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Samurai Sam's Teriyaki Grill | |
| Canada Expansion | |
| Magic Wok | |
| Samurai Sam's Teriyaki Grill | |
| International Expansion | |
| Magic Wok | Mexico, Saudi Arabia |
| Samurai Sam's Teriyaki Grill | |