Start-Up Costs and Fees |
||
| Magic Wok | Teriyaki Experience | |
| Investment | 95000 - 150000 | 235000 - 491500 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 3% | |
| Year Founded | 1983 | 1986 |
| Year Franchised | 1991 | 1987 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Magic Wok | Teriyaki Experience | |
| Experience | ||
Financing Options |
||
| Magic Wok | Teriyaki Experience | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Magic Wok | Teriyaki Experience | |
| 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 | Teriyaki Experience | |
| 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 | 0 | |
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Magic Wok | |
| Teriyaki Experience | |
| Franchise Fee | |
| Magic Wok | |
| Teriyaki Experience | |
| Royalty Fee | |
| Magic Wok | 5% |
| Teriyaki Experience | 6% |
| Advertising Fee | |
| Magic Wok | 3% |
| Teriyaki Experience | |
| Year Founded | |
| Magic Wok | 1983 |
| Teriyaki Experience | 1986 |
| Year Franchised | |
| Magic Wok | 1991 |
| Teriyaki Experience | 1987 |
| Term Of Agreement | |
| Magic Wok | 10 years +10 |
| Teriyaki Experience | |
| Renewal Fee | |
| Magic Wok | |
| Teriyaki Experience | |
Business Experience Requirements |
|
| Experience | |
| Magic Wok | |
| Teriyaki Experience | |
Financing Options |
|
| Franchise Fees | |
| Magic Wok | |
| Teriyaki Experience | |
| Start-up Costs | |
| Magic Wok | |
| Teriyaki Experience | |
| Equipment | |
| Magic Wok} | |
| Teriyaki Experience | |
| Inventory | |
| Magic Wok | |
| Teriyaki Experience | |
| Receivables | |
| Magic Wok | |
| Teriyaki Experience | |
| Payroll | |
| Magic Wok | |
| Teriyaki Experience | |
Training & Support |
|
| Training | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Teriyaki Experience | |
| Support | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Teriyaki Experience | |
| Marketing | |
| Magic Wok | |
| Teriyaki Experience | |
| Operations | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Teriyaki Experience | |
Expansion Plans |
|
| US Expansion | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Teriyaki Experience | 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 | |
| Teriyaki Experience | 0 |
| International Expansion | |
| Magic Wok | Mexico, Saudi Arabia |
| Teriyaki Experience | |