Start-Up Costs and Fees |
||
| Manchu Wok | Little Sheep Hot Pot | |
| Investment | 476050 - 787500 | 500000 - 1200000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | 6% |
| Advertising Fee | 1% | |
| Year Founded | 1981 | 1999 |
| Year Franchised | 1989 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Manchu Wok | Little Sheep Hot Pot | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Manchu Wok | Little Sheep Hot Pot | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Manchu Wok | Little Sheep Hot Pot | |
| Training | For our franchisees (two persons at most)soup base and broth formulation and preparation food preparation and presentationmanagement of the dining area and the kitchenfinancial controlPOS system inventory control etc. training workshops in various forms at irregular intervals to facilitate communication and learning for all of our franchisees. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | After the grand opening of the franchised restaurant, we will visit its business and operation from time to time. Then, based on the inspections results, we will make proper suggestions and require corrections when necessary to enhance the franchisee's profitability. We will supply the Little Sheep proprietary soup condiments, designate some of the meat, food and beverage, constructive materials and equipment suppliers, and also assist franchisees with the purchase of dishware, uniforms, and some of the key materials as part of our franchising support. |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | By establishing the System Marketing Fund (1% of total sales of each store, including the corporate affiliates and franchisees), we will consolidate all marketing resources for the most optimized result. It will continue to enhance the brand image through advertisement, promotion, PR event and brand image exposure in order to boost the restaurant's recognition and credibility. Moreover, we will also facilitate various marketing activities to support franchisee's own marketing programs. |
| 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 | Little Sheep Hot Pot | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Manchu Wok | |
| Little Sheep Hot Pot | |
| Franchise Fee | |
| Manchu Wok | |
| Little Sheep Hot Pot | |
| Royalty Fee | |
| Manchu Wok | 7% |
| Little Sheep Hot Pot | 6% |
| Advertising Fee | |
| Manchu Wok | 1% |
| Little Sheep Hot Pot | |
| Year Founded | |
| Manchu Wok | 1981 |
| Little Sheep Hot Pot | 1999 |
| Year Franchised | |
| Manchu Wok | 1989 |
| Little Sheep Hot Pot | 2003 |
| Term Of Agreement | |
| Manchu Wok | 5 years |
| Little Sheep Hot Pot | |
| Renewal Fee | |
| Manchu Wok | $3K per year |
| Little Sheep Hot Pot | |
Business Experience Requirements |
|
| Experience | |
| Manchu Wok | Industry experience General business experience Marketing skills |
| Little Sheep Hot Pot | |
Financing Options |
|
| Franchise Fees | |
| Manchu Wok | No |
| Little Sheep Hot Pot | No |
| Start-up Costs | |
| Manchu Wok | |
| Little Sheep Hot Pot | |
| Equipment | |
| Manchu Wok} | |
| Little Sheep Hot Pot | |
| Inventory | |
| Manchu Wok | |
| Little Sheep Hot Pot | |
| Receivables | |
| Manchu Wok | |
| Little Sheep Hot Pot | |
| Payroll | |
| Manchu Wok | |
| Little Sheep Hot Pot | |
Training & Support |
|
| Training | |
| Manchu Wok | |
| Little Sheep Hot Pot | For our franchisees (two persons at most)soup base and broth formulation and preparation food preparation and presentationmanagement of the dining area and the kitchenfinancial controlPOS system inventory control etc. training workshops in various forms at irregular intervals to facilitate communication and learning for all of our franchisees. |
| Support | |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Little Sheep Hot Pot | After the grand opening of the franchised restaurant, we will visit its business and operation from time to time. Then, based on the inspections results, we will make proper suggestions and require corrections when necessary to enhance the franchisee's profitability. We will supply the Little Sheep proprietary soup condiments, designate some of the meat, food and beverage, constructive materials and equipment suppliers, and also assist franchisees with the purchase of dishware, uniforms, and some of the key materials as part of our franchising support. |
| Marketing | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Little Sheep Hot Pot | By establishing the System Marketing Fund (1% of total sales of each store, including the corporate affiliates and franchisees), we will consolidate all marketing resources for the most optimized result. It will continue to enhance the brand image through advertisement, promotion, PR event and brand image exposure in order to boost the restaurant's recognition and credibility. Moreover, we will also facilitate various marketing activities to support franchisee's own marketing programs. |
| 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) |
| Little Sheep Hot Pot | |
Expansion Plans |
|
| US Expansion | |
| Manchu Wok | |
| Little Sheep Hot Pot | |
| Canada Expansion | |
| Manchu Wok | |
| Little Sheep Hot Pot | |
| International Expansion | |
| Manchu Wok | |
| Little Sheep Hot Pot | |