Start-Up Costs and Fees |
||
| Wok Box | Made In Japan Teriyaki Experience | |
| Investment | 350000 - 425000 | 327000 - 679900 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3% | 3% |
| Year Founded | 2004 | 1986 |
| Year Franchised | 2005 | 1987 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Wok Box | Made In Japan Teriyaki Experience | |
| Experience | ||
Financing Options |
||
| Wok Box | Made In Japan Teriyaki Experience | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Wok Box | Made In Japan Teriyaki Experience | |
| 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 | 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. | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | 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. | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | 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. | 20% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Wok Box | Made In Japan Teriyaki Experience | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
| Franchise Fee | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
| Royalty Fee | |
| Wok Box | 6% |
| Made In Japan Teriyaki Experience | 6% |
| Advertising Fee | |
| Wok Box | 3% |
| Made In Japan Teriyaki Experience | 3% |
| Year Founded | |
| Wok Box | 2004 |
| Made In Japan Teriyaki Experience | 1986 |
| Year Franchised | |
| Wok Box | 2005 |
| Made In Japan Teriyaki Experience | 1987 |
| Term Of Agreement | |
| Wok Box | |
| Made In Japan Teriyaki Experience | 10 years |
| Renewal Fee | |
| Wok Box | |
| Made In Japan Teriyaki Experience | $1K per year |
Business Experience Requirements |
|
| Experience | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
Financing Options |
|
| Franchise Fees | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
| Start-up Costs | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
| Equipment | |
| Wok Box} | |
| Made In Japan Teriyaki Experience | |
| Inventory | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
| Receivables | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
| Payroll | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
Training & Support |
|
| Training | |
| 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. |
| Made In Japan Teriyaki Experience | |
| Support | |
| 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. |
| Made In Japan Teriyaki Experience | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| 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. |
| Made In Japan Teriyaki Experience | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| 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. |
| Made In Japan Teriyaki Experience | 20% of all franchisees own more than one unit Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
| Canada Expansion | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |
| International Expansion | |
| Wok Box | |
| Made In Japan Teriyaki Experience | |