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Updated RecentlyMade In Japan Teriyaki Experience vs Magic Wok Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Made In Japan Teriyaki Experience vs Magic Wok including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $327,000 - $679,900 | $95,000 - $150,000 |
| Franchise Fee | $30,000 | $12,500 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 3% | 3% |
| Year Founded | 1986 | 1983 |
| Year Franchised | 1987 | 1991 |
| Term Of Agreement | 10 years | 10 years +10 |
| Term Of Agreement | 10 years | 10 years +10 |
| Renewal Fee | $1K 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 | - | Toledo, OH 3-4 Weeks |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
20% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | Yes |
Company Overviews
About Made In Japan Teriyaki Experience
Since 1986, Teriyaki Experience has been delivering fast, fresh and healthy Asian-inspired fast food to fulfill guests’ taste for great flavours and fast service. Recognized as the healthy alternative to traditional fast food, we’ve built a unique concept around the teppanyaki grill where meals are prepared right before guests’ eyes. A complete line of flavourful, Asian-inspired secret sauces top our rice and noodle meals.
Brand Recognition: Currently 74 restaurants in operation worldwide.
Consistent Quality: Serving the same high quality food with the same high quality service in all locations.
Excellent Service: Professionally-trained owners and operators head every restaurant team.
Fast and Fresh Ingredients: At the heart of every recipe are fresh ingredients prepared fast.
Lou Donato wanted to provide dishes similar to the expensive, health-conscious platters found at Japanese dinner houses. After three years of research and development, he opened Made In Japan Teriyaki Experience, incorporating the flair and drama of Japanese cooking.Franchisees across Canada and worldwide now offer hot, made-to-order dishes including fresh vegetables, Yakisoba (Japanese noodles), steamed rice, a variety of meats and seafood, Teriyaki platters and sushi.
The parent company of Made in Japan also owns franchise company Mrs. Vanelli's Fresh Italian Foods.
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.