Start-Up Costs and Fees |
||
| Yoshinoya | Magic Wok | |
| Investment | 550000 - 1400000 | 95000 - 150000 |
| Franchise Fee | ||
| Royalty Fee | 4% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1899 | 1983 |
| Year Franchised | 0 | 1991 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Yoshinoya | Magic Wok | |
| Experience | ||
Financing Options |
||
| Yoshinoya | Magic Wok | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Yoshinoya | Magic Wok | |
| Training | Our goal is to give you the tools you need to assist you in building a business from day one. Your Yoshinoya franchise training includes 1 week of extensive, on-site initial training for yourself at our training headquarters in Torrance, California, six weeks for your lead kitchen personnel and 12 weeks for your front of house store manager. Training includes up to four persons. We help you stay abreast of new developments by providing additional training. Examples could include new equipment, menu and operational training. | Toledo, OH 3-4 Weeks |
| Support | During your first week of business operations, a Yoshinoya Franchise Operations staff member will work with you and your staff at your location to solidify your operational, quality and customer service. Yoshinoya's experienced field staff will regularly visit your location to evaluate your progress and suggest positive operations, profitability and marketing improvements. | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | As a Yoshinoya franchise owner, you will be supported by marketing to promote brand awareness and sales. Franchisees and company restaurants contribute to a fund for this purpose. | |
| Operations | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | |
Expansion Plans |
||
| Yoshinoya | Magic Wok | |
| US Expansion | Florida, Illinois, Indiana, Maryland, Michigan, Virginia | |
| Canada Expansion | ||
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Yoshinoya | |
| Magic Wok | |
| Franchise Fee | |
| Yoshinoya | |
| Magic Wok | |
| Royalty Fee | |
| Yoshinoya | 4% |
| Magic Wok | 5% |
| Advertising Fee | |
| Yoshinoya | |
| Magic Wok | 3% |
| Year Founded | |
| Yoshinoya | 1899 |
| Magic Wok | 1983 |
| Year Franchised | |
| Yoshinoya | 0 |
| Magic Wok | 1991 |
| Term Of Agreement | |
| Yoshinoya | 10 years +5+5 |
| Magic Wok | 10 years +10 |
| Renewal Fee | |
| Yoshinoya | |
| Magic Wok | |
Business Experience Requirements |
|
| Experience | |
| Yoshinoya | |
| Magic Wok | |
Financing Options |
|
| Franchise Fees | |
| Yoshinoya | |
| Magic Wok | |
| Start-up Costs | |
| Yoshinoya | |
| Magic Wok | |
| Equipment | |
| Yoshinoya} | |
| Magic Wok | |
| Inventory | |
| Yoshinoya | |
| Magic Wok | |
| Receivables | |
| Yoshinoya | |
| Magic Wok | |
| Payroll | |
| Yoshinoya | |
| Magic Wok | |
Training & Support |
|
| Training | |
| Yoshinoya | Our goal is to give you the tools you need to assist you in building a business from day one. Your Yoshinoya franchise training includes 1 week of extensive, on-site initial training for yourself at our training headquarters in Torrance, California, six weeks for your lead kitchen personnel and 12 weeks for your front of house store manager. Training includes up to four persons. We help you stay abreast of new developments by providing additional training. Examples could include new equipment, menu and operational training. |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Support | |
| Yoshinoya | During your first week of business operations, a Yoshinoya Franchise Operations staff member will work with you and your staff at your location to solidify your operational, quality and customer service. Yoshinoya's experienced field staff will regularly visit your location to evaluate your progress and suggest positive operations, profitability and marketing improvements. |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | |
| Yoshinoya | As a Yoshinoya franchise owner, you will be supported by marketing to promote brand awareness and sales. Franchisees and company restaurants contribute to a fund for this purpose. |
| Magic Wok | |
| Operations | |
| Yoshinoya | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
|
| US Expansion | |
| Yoshinoya | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Canada Expansion | |
| Yoshinoya | |
| Magic Wok | |
| International Expansion | |
| Yoshinoya | |
| Magic Wok | Mexico, Saudi Arabia |