Start-Up Costs and Fees |
||
| Samurai Sam's Teriyaki Grill | Magic Wok | |
| Investment | 106300 - 432100 | 95000 - 150000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 1% | 3% |
| Year Founded | 1994 | 1983 |
| Year Franchised | 1995 | 1991 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Samurai Sam's Teriyaki Grill | Magic Wok | |
| Experience | General business experience | |
Financing Options |
||
| Samurai Sam's Teriyaki Grill | Magic Wok | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Samurai Sam's Teriyaki Grill | Magic Wok | |
| Training | K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more. | Toledo, OH 3-4 Weeks |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 25 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
| Samurai Sam's Teriyaki Grill | Magic Wok | |
| US Expansion | Florida, Illinois, Indiana, Maryland, Michigan, Virginia | |
| Canada Expansion | ||
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Samurai Sam's Teriyaki Grill | |
| Magic Wok | |
| Franchise Fee | |
| Samurai Sam's Teriyaki Grill | |
| Magic Wok | |
| Royalty Fee | |
| Samurai Sam's Teriyaki Grill | 6% |
| Magic Wok | 5% |
| Advertising Fee | |
| Samurai Sam's Teriyaki Grill | 1% |
| Magic Wok | 3% |
| Year Founded | |
| Samurai Sam's Teriyaki Grill | 1994 |
| Magic Wok | 1983 |
| Year Franchised | |
| Samurai Sam's Teriyaki Grill | 1995 |
| Magic Wok | 1991 |
| Term Of Agreement | |
| Samurai Sam's Teriyaki Grill | 15 years |
| Magic Wok | 10 years +10 |
| Renewal Fee | |
| Samurai Sam's Teriyaki Grill | $5K |
| Magic Wok | |
Business Experience Requirements |
|
| Experience | |
| Samurai Sam's Teriyaki Grill | General business experience |
| Magic Wok | |
Financing Options |
|
| Franchise Fees | |
| Samurai Sam's Teriyaki Grill | No |
| Magic Wok | No |
| Start-up Costs | |
| Samurai Sam's Teriyaki Grill | |
| Magic Wok | |
| Equipment | |
| Samurai Sam's Teriyaki Grill} | |
| Magic Wok | |
| Inventory | |
| Samurai Sam's Teriyaki Grill | |
| Magic Wok | |
| Receivables | |
| Samurai Sam's Teriyaki Grill | |
| Magic Wok | |
| Payroll | |
| Samurai Sam's Teriyaki Grill | |
| Magic Wok | |
Training & Support |
|
| Training | |
| Samurai Sam's Teriyaki Grill | K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more. |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Support | |
| Samurai Sam's Teriyaki Grill | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | |
| Samurai Sam's Teriyaki Grill | Co-op advertising, Ad slicks, Regional advertising |
| Magic Wok | |
| Operations | |
| Samurai Sam's Teriyaki Grill | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 25 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
|
| US Expansion | |
| Samurai Sam's Teriyaki Grill | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Canada Expansion | |
| Samurai Sam's Teriyaki Grill | |
| Magic Wok | |
| International Expansion | |
| Samurai Sam's Teriyaki Grill | |
| Magic Wok | Mexico, Saudi Arabia |