Start-Up Costs and Fees |
||
| Manchu Wok | Wok Box | |
| Investment | 476050 - 787500 | 350000 - 425000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | 6% |
| Advertising Fee | 1% | 3% |
| Year Founded | 1981 | 2004 |
| Year Franchised | 1989 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Manchu Wok | Wok Box | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Manchu Wok | Wok Box | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Manchu Wok | Wok Box | |
| Training | 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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | 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 | Co-op advertising, Ad slicks, National media, Regional advertising | 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 | 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) | 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 |
||
| Manchu Wok | Wok Box | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Manchu Wok | |
| Wok Box | |
| Franchise Fee | |
| Manchu Wok | |
| Wok Box | |
| Royalty Fee | |
| Manchu Wok | 7% |
| Wok Box | 6% |
| Advertising Fee | |
| Manchu Wok | 1% |
| Wok Box | 3% |
| Year Founded | |
| Manchu Wok | 1981 |
| Wok Box | 2004 |
| Year Franchised | |
| Manchu Wok | 1989 |
| Wok Box | 2005 |
| Term Of Agreement | |
| Manchu Wok | 5 years |
| Wok Box | |
| Renewal Fee | |
| Manchu Wok | $3K per year |
| Wok Box | |
Business Experience Requirements |
|
| Experience | |
| Manchu Wok | Industry experience General business experience Marketing skills |
| Wok Box | |
Financing Options |
|
| Franchise Fees | |
| Manchu Wok | No |
| Wok Box | No |
| Start-up Costs | |
| Manchu Wok | |
| Wok Box | |
| Equipment | |
| Manchu Wok} | |
| Wok Box | |
| Inventory | |
| Manchu Wok | |
| Wok Box | |
| Receivables | |
| Manchu Wok | |
| Wok Box | |
| Payroll | |
| Manchu Wok | |
| Wok Box | |
Training & Support |
|
| Training | |
| Manchu Wok | |
| 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 | |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| 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 | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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 | |
| 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) |
| 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 | |
| Manchu Wok | |
| Wok Box | |
| Canada Expansion | |
| Manchu Wok | |
| Wok Box | |
| International Expansion | |
| Manchu Wok | |
| Wok Box | |