| ||||
Updated RecentlyMade In Japan Teriyaki Experience vs Rice King Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Made In Japan Teriyaki Experience vs Rice King including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $327,000 - $679,900 | $173,500 - $395,000 |
| Franchise Fee | $30,000 | $13,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | 3% | - |
| Year Founded | 1986 | 1982 |
| Year Franchised | 1987 | 1996 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $1K per year | - |
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 | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, 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
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
| US Expansion | - | Yes |
| 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 Rice King
The Asian Food Market is growing fast! Today, the hottest segment among Fast Food Restaurants is 'ethnic' cuisine. Among the hottest of the hot is Chinese / Japanese. There should be no surprise, considering that Chinese food has 97% awareness (1) in the United States, with a wide base of appeal across the adult population. In fact, Chinese food is so ingrained in the American culture that it is no longer considered ethnic.(2) (1) The Emerging Ethnic Foods Market. U.S. Consumer Intelligence, June 2004 (2)- Ethnic Cuisines, National Restaurant Association, 2003 Benefits 1. Stable Sales 2. Training 3. Training Management Skills 4. Co-Advertising 5. Food Distribution Channels 6. Developing New Menu Items 7. Lease Negotiations