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Updated RecentlyMade In Japan Teriyaki Experience vs Wok Box Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Made In Japan Teriyaki Experience vs Wok Box 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 | $350,000 - $425,000 |
| Franchise Fee | $30,000 | $25,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3% | 3% |
| Year Founded | 1986 | 2004 |
| Year Franchised | 1987 | 2005 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| 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 | - | Prior to the opening of your Wok Box Fresh Asian Kitchen, Wok Box will provide the franchisee with extensive training in one of our corporate stores and at our Head Office. During this training the franchisee will learn all the hands on aspects of preparing each dish, how to make orders to minimize product waste, the industry secrets to operating a successful restaurant, how to utilize the Point of Sale systems and most importantly allow the franchisee to become an integral part of the Wok Box team. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Wok Box regional Operations Managers and Master Developers will be in constant contact with all franchisees to ensure that the Wok Box product is being prepared consistently across the markets. These key people will provide Franchisees advice on how to improve their operations and ultimately will aid all Wok Box Fresh Asian Kitchens to succeed. |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Each Wok Box Franchise contributes 3% of their gross sales to an advertising fund that will be used by Wok Box to maximize the exposure of the brand and products. Wok Box's Executive team has a wealth of knowledge for franchisees on how to best advertise and market their stores and will provide each store advice on how to promote their store in their individual market. |
| Operations |
20% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. | A Franchisee who purchases a Wok Box Franchise does not have to personally operate the Wok Box restaurant. However, there must be a full time Manager who has satisfactorily completed the training course provided by Wok Box and is involved in the operations or overseeing of the restaurant. Wok Box does not want to jeopardize the brand by having untrained or inexperienced personnel operating the stores. It is critical to note that to a large part the success of a Wok Box franchise depends on the enthusiasm, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore Wok Box strongly recommends that Franchisees be actively involved on a day-to-day basis in their restaurant. It will also provide a better support network if Franchisees have questions for management at Wok Box headquarters. |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | 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 Wok Box
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