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Below is an in-depth analysis and side-by-side comparison of Manchu Wok vs Anoush 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 | $160,000 - $200,000 |
Franchise Fee | $30,000 | N/A |
Royalty Fee | 7% | $1,500 flat + GST |
Advertising Fee | 1% | - |
Year Founded | 1981 | - |
Year Franchised | 1989 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $3K per year | - |
Business Experience Requirements |
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Experience | The ability to provide a hands-on management is an important part of your franchise qualifications. The individuals ambition, interpersonal skills and motivation are key factors in shaping the success of each store. It is important to have only successful Franchisees and business owners as a part of Anoush�s Team. We understand, that the success of Anoush is based on the success of each individual franchisee. | |
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 | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
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.