Start-Up Costs and Fees |
||
| Manchu Wok | Binghamton Hots | |
| Investment | 476050 - 787500 | 122850 - 213450 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | 5% |
| Advertising Fee | 1% | 2% |
| Year Founded | 1981 | 0 |
| Year Franchised | 1989 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Manchu Wok | Binghamton Hots | |
| Experience | Industry experience General business experience Marketing skills | Some familiarity with restaurant operations is helpful, but it s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. |
Financing Options |
||
| Manchu Wok | Binghamton Hots | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Manchu Wok | Binghamton Hots | |
| Training | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Manchu Wok | Binghamton Hots | |
| US Expansion | 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 |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Manchu Wok | |
| Binghamton Hots | |
| Franchise Fee | |
| Manchu Wok | |
| Binghamton Hots | |
| Royalty Fee | |
| Manchu Wok | 7% |
| Binghamton Hots | 5% |
| Advertising Fee | |
| Manchu Wok | 1% |
| Binghamton Hots | 2% |
| Year Founded | |
| Manchu Wok | 1981 |
| Binghamton Hots | 0 |
| Year Franchised | |
| Manchu Wok | 1989 |
| Binghamton Hots | 0 |
| Term Of Agreement | |
| Manchu Wok | 5 years |
| Binghamton Hots | 10 years +5+5 |
| Renewal Fee | |
| Manchu Wok | $3K per year |
| Binghamton Hots | |
Business Experience Requirements |
|
| Experience | |
| Manchu Wok | Industry experience General business experience Marketing skills |
| Binghamton Hots | Some familiarity with restaurant operations is helpful, but it s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. |
Financing Options |
|
| Franchise Fees | |
| Manchu Wok | No |
| Binghamton Hots | No |
| Start-up Costs | |
| Manchu Wok | |
| Binghamton Hots | |
| Equipment | |
| Manchu Wok} | |
| Binghamton Hots | |
| Inventory | |
| Manchu Wok | |
| Binghamton Hots | |
| Receivables | |
| Manchu Wok | |
| Binghamton Hots | |
| Payroll | |
| Manchu Wok | |
| Binghamton Hots | |
Training & Support |
|
| Training | |
| Manchu Wok | |
| Binghamton Hots | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Support | |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Binghamton Hots | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
| Marketing | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Binghamton Hots | |
| Operations | |
| Manchu Wok | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| Binghamton Hots | |
Expansion Plans |
|
| US Expansion | |
| Manchu Wok | |
| Binghamton Hots | 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 | |
| Manchu Wok | |
| Binghamton Hots | |
| International Expansion | |
| Manchu Wok | |
| Binghamton Hots | |