Start-Up Costs and Fees |
||
| Manchu Wok | Rice King | |
| Investment | 476050 - 787500 | 173500 - 395000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | |
| Advertising Fee | 1% | |
| Year Founded | 1981 | 1982 |
| Year Franchised | 1989 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Manchu Wok | Rice King | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Manchu Wok | Rice King | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Manchu Wok | Rice King | |
| 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) | |
Expansion Plans |
||
| Manchu Wok | Rice King | |
| 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 | |
| Rice King | |
| Franchise Fee | |
| Manchu Wok | |
| Rice King | |
| Royalty Fee | |
| Manchu Wok | 7% |
| Rice King | |
| Advertising Fee | |
| Manchu Wok | 1% |
| Rice King | |
| Year Founded | |
| Manchu Wok | 1981 |
| Rice King | 1982 |
| Year Franchised | |
| Manchu Wok | 1989 |
| Rice King | 1996 |
| Term Of Agreement | |
| Manchu Wok | 5 years |
| Rice King | |
| Renewal Fee | |
| Manchu Wok | $3K per year |
| Rice King | |
Business Experience Requirements |
|
| Experience | |
| Manchu Wok | Industry experience General business experience Marketing skills |
| Rice King | |
Financing Options |
|
| Franchise Fees | |
| Manchu Wok | No |
| Rice King | No |
| Start-up Costs | |
| Manchu Wok | |
| Rice King | |
| Equipment | |
| Manchu Wok} | |
| Rice King | |
| Inventory | |
| Manchu Wok | |
| Rice King | |
| Receivables | |
| Manchu Wok | |
| Rice King | |
| Payroll | |
| Manchu Wok | |
| Rice King | |
Training & Support |
|
| Training | |
| Manchu Wok | |
| Rice King | |
| Support | |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Rice King | |
| Marketing | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Rice King | |
| 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) |
| Rice King | |
Expansion Plans |
|
| US Expansion | |
| Manchu Wok | |
| Rice King | 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 | |
| Rice King | |
| International Expansion | |
| Manchu Wok | |
| Rice King | |