| ||||
Updated RecentlyEdo Japan vs Magic Wok Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Edo Japan vs Magic Wok including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $400,000 - $550,000 | $95,000 - $150,000 |
| Franchise Fee | $35,000 | $12,500 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 3% | 3% |
| Year Founded | 1977 | 1983 |
| Year Franchised | 1986 | 1991 |
| Term Of Agreement | 10 years | 10 years +10 |
| Term Of Agreement | 10 years | 10 years +10 |
| Renewal Fee | 25% of franchise fee | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| 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 |
||
| Training | 5 weeks - Basic Operation of the Business. - Regional Managers visit at least once every quarter to support and guide the Franchisees | Toledo, OH 3-4 Weeks |
| Support | Newsletter, Grand opening, Field operations/evaluations | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | Regional advertising | - |
| Operations | - 33% of all franchisees own more than one unit - Number of employees needed to run franchised unit: 10 - 15 - Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators) | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | Yes |
Company Overviews
About Edo Japan
Every journey begins with a first step. Our first step began over 35 years ago when we opened our very first location, offering fresh and delicious Japanese food made in the traditional Teppan style and served with our now famous signature Teriyaki sauce.
Since then, we've become a leading fast casual restaurant brand, with over 100 locations across Canada and over eight million meals served each year. An Edo Japan franchise offers a great return on your investment and a chance to grow and succeed with the support of an incredible organization.
Complete our five-step process to understand how becoming an Edo Japan franchisee can help you achieve your business goals.
http://www.edojapan.com/franchising/
!["Top]("https://www.betheboss.ca/images/top-100-logo.final%202020.png"){kind=logo}
#66 in Canada's Top franchises.
About Magic Wok
Quick-service, made-to-order, hot oriental concept. Stand alone, mall, drive-thru, delivery, school lunch and other non-traditional operations. Low barrier to entry, high return on investment. Domestic and international.