Start-Up Costs and Fees |
||
| Magic Wok | Wok Box | |
| Investment | 95000 - 150000 | 350000 - 425000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 3% | 3% |
| Year Founded | 1983 | 2004 |
| Year Franchised | 1991 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Magic Wok | Wok Box | |
| Experience | ||
Financing Options |
||
| Magic Wok | Wok Box | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Magic Wok | Wok Box | |
| Training | Toledo, OH 3-4 Weeks | Prior to the opening of your Wok Box Fresh Asian Kitchen, Wok Box will provide the franchisee with extensive training in one of our corporate stores and at our Head Office. During this training the franchisee will learn all the hands on aspects of preparing each dish, how to make orders to minimize product waste, the industry secrets to operating a successful restaurant, how to utilize the Point of Sale systems and most importantly allow the franchisee to become an integral part of the Wok Box team. |
| Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | Wok Box regional Operations Managers and Master Developers will be in constant contact with all franchisees to ensure that the Wok Box product is being prepared consistently across the markets. These key people will provide Franchisees advice on how to improve their operations and ultimately will aid all Wok Box Fresh Asian Kitchens to succeed. |
| Marketing | Each Wok Box Franchise contributes 3% of their gross sales to an advertising fund that will be used by Wok Box to maximize the exposure of the brand and products. Wok Box's Executive team has a wealth of knowledge for franchisees on how to best advertise and market their stores and will provide each store advice on how to promote their store in their individual market. | |
| Operations | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | A Franchisee who purchases a Wok Box Franchise does not have to personally operate the Wok Box restaurant. However, there must be a full time Manager who has satisfactorily completed the training course provided by Wok Box and is involved in the operations or overseeing of the restaurant. Wok Box does not want to jeopardize the brand by having untrained or inexperienced personnel operating the stores. It is critical to note that to a large part the success of a Wok Box franchise depends on the enthusiasm, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore Wok Box strongly recommends that Franchisees be actively involved on a day-to-day basis in their restaurant. It will also provide a better support network if Franchisees have questions for management at Wok Box headquarters. |
Expansion Plans |
||
| Magic Wok | Wok Box | |
| US Expansion | Florida, Illinois, Indiana, Maryland, Michigan, Virginia | |
| Canada Expansion | ||
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Magic Wok | |
| Wok Box | |
| Franchise Fee | |
| Magic Wok | |
| Wok Box | |
| Royalty Fee | |
| Magic Wok | 5% |
| Wok Box | 6% |
| Advertising Fee | |
| Magic Wok | 3% |
| Wok Box | 3% |
| Year Founded | |
| Magic Wok | 1983 |
| Wok Box | 2004 |
| Year Franchised | |
| Magic Wok | 1991 |
| Wok Box | 2005 |
| Term Of Agreement | |
| Magic Wok | 10 years +10 |
| Wok Box | |
| Renewal Fee | |
| Magic Wok | |
| Wok Box | |
Business Experience Requirements |
|
| Experience | |
| Magic Wok | |
| Wok Box | |
Financing Options |
|
| Franchise Fees | |
| Magic Wok | |
| Wok Box | |
| Start-up Costs | |
| Magic Wok | |
| Wok Box | |
| Equipment | |
| Magic Wok} | |
| Wok Box | |
| Inventory | |
| Magic Wok | |
| Wok Box | |
| Receivables | |
| Magic Wok | |
| Wok Box | |
| Payroll | |
| Magic Wok | |
| Wok Box | |
Training & Support |
|
| Training | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Wok Box | Prior to the opening of your Wok Box Fresh Asian Kitchen, Wok Box will provide the franchisee with extensive training in one of our corporate stores and at our Head Office. During this training the franchisee will learn all the hands on aspects of preparing each dish, how to make orders to minimize product waste, the industry secrets to operating a successful restaurant, how to utilize the Point of Sale systems and most importantly allow the franchisee to become an integral part of the Wok Box team. |
| Support | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Wok Box | Wok Box regional Operations Managers and Master Developers will be in constant contact with all franchisees to ensure that the Wok Box product is being prepared consistently across the markets. These key people will provide Franchisees advice on how to improve their operations and ultimately will aid all Wok Box Fresh Asian Kitchens to succeed. |
| Marketing | |
| Magic Wok | |
| Wok Box | Each Wok Box Franchise contributes 3% of their gross sales to an advertising fund that will be used by Wok Box to maximize the exposure of the brand and products. Wok Box's Executive team has a wealth of knowledge for franchisees on how to best advertise and market their stores and will provide each store advice on how to promote their store in their individual market. |
| Operations | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Wok Box | A Franchisee who purchases a Wok Box Franchise does not have to personally operate the Wok Box restaurant. However, there must be a full time Manager who has satisfactorily completed the training course provided by Wok Box and is involved in the operations or overseeing of the restaurant. Wok Box does not want to jeopardize the brand by having untrained or inexperienced personnel operating the stores. It is critical to note that to a large part the success of a Wok Box franchise depends on the enthusiasm, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore Wok Box strongly recommends that Franchisees be actively involved on a day-to-day basis in their restaurant. It will also provide a better support network if Franchisees have questions for management at Wok Box headquarters. |
Expansion Plans |
|
| US Expansion | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Wok Box | |
| Canada Expansion | |
| Magic Wok | |
| Wok Box | |
| International Expansion | |
| Magic Wok | Mexico, Saudi Arabia |
| Wok Box | |