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Updated RecentlyManchu Wok vs Teriyaki Experience Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Manchu Wok vs Teriyaki Experience including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $476,050 - $787,500 | $235,000 - $491,500 |
| Franchise Fee | $30,000 | $25,000 |
| Royalty Fee | 7% | 6% |
| Advertising Fee | 1% | - |
| Year Founded | 1981 | 1986 |
| Year Franchised | 1989 | 1987 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $3K per year | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| 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 |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Manchu Wok
Conceived and founded in 1980, Manchu Wok grew into a national chain across Canada and into the United States over the next nine years. Ownership changed in 1989, and expansion continued with a focus on the United States. Manchu Wok now has close to 150 stores, of which more than 70 percent are franchised.
About Teriyaki Experience
Japanese inspired Asian quick-service restaurants, chosen #1 in this category by Entrepreneur Magazines' 2006 Franchise 500. "Our brand promise... nutritious, delicious meals prepared fast and fresh before your eyes --- cooked in water, not oil."
The Teriyaki Experience franchise concept is a sizzling hot opportunity that serves up what consumers are looking for.
Established in 1986, our concept hits the mark with the growing popularity of healthy eating in the fast food arena.
Teriyaki Experience offers: - Turnkey operation - Branded store design - Proven operating system - Extensive training program - Ongoing operational support - Comprehensive marketing support - Chain strength of over 100 locations - Freshly prepared, delicious and nutritious menu offerings with wide market appeal.
Over 115 locations throughout Canada, the U.S., the Middle East, Europe and Central America.