Start-Up Costs and Fees |
||
| Manchu Wok | Mega Wraps | |
| Investment | 476050 - 787500 | 189000 - 189000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | 6% |
| Advertising Fee | 1% | 2% |
| Year Founded | 1981 | 1998 |
| Year Franchised | 1989 | 1999 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Manchu Wok | Mega Wraps | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Manchu Wok | Mega Wraps | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Manchu Wok | Mega Wraps | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| 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) | Average Number of Employees: 2 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
| Manchu Wok | Mega Wraps | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Manchu Wok | |
| Mega Wraps | |
| Franchise Fee | |
| Manchu Wok | |
| Mega Wraps | |
| Royalty Fee | |
| Manchu Wok | 7% |
| Mega Wraps | 6% |
| Advertising Fee | |
| Manchu Wok | 1% |
| Mega Wraps | 2% |
| Year Founded | |
| Manchu Wok | 1981 |
| Mega Wraps | 1998 |
| Year Franchised | |
| Manchu Wok | 1989 |
| Mega Wraps | 1999 |
| Term Of Agreement | |
| Manchu Wok | 5 years |
| Mega Wraps | 5 Years +5 |
| Renewal Fee | |
| Manchu Wok | $3K per year |
| Mega Wraps | |
Business Experience Requirements |
|
| Experience | |
| Manchu Wok | Industry experience General business experience Marketing skills |
| Mega Wraps | |
Financing Options |
|
| Franchise Fees | |
| Manchu Wok | No |
| Mega Wraps | No |
| Start-up Costs | |
| Manchu Wok | |
| Mega Wraps | |
| Equipment | |
| Manchu Wok} | |
| Mega Wraps | |
| Inventory | |
| Manchu Wok | |
| Mega Wraps | |
| Receivables | |
| Manchu Wok | |
| Mega Wraps | |
| Payroll | |
| Manchu Wok | |
| Mega Wraps | |
Training & Support |
|
| Training | |
| Manchu Wok | |
| Mega Wraps | |
| Support | |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Mega Wraps | |
| Marketing | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Mega Wraps | |
| 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) |
| Mega Wraps | Average Number of Employees: 2 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
|
| US Expansion | |
| Manchu Wok | |
| Mega Wraps | 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 | |
| Mega Wraps | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Manchu Wok | |
| Mega Wraps | |