Mandarin Restaurant vs Rice King Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mandarin Restaurant vs Rice King including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

Mandarin Restaurant Franchise
Rice King Franchise
Investment $2,500,000 - $3,000,000$173,500 - $395,000
Franchise Fee N/A$13,000
Royalty Fee --
Advertising Fee --
Year Founded 19791982
Year Franchised -1996
Term Of Agreement --
Term Of Agreement --
Renewal Fee --

Business Experience Requirements

Mandarin Restaurant Franchise
Rice King Franchise
Experience --

Financing Options

Mandarin Restaurant Franchise
Rice King Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

Mandarin Restaurant Franchise
Rice King Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

Mandarin Restaurant Franchise
Rice King Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Mandarin Restaurant

Award winning all-you-can-eat buffet restaurant serving Chinese and Canadian food as well as a la carte and take out menu in Southern Ontario region. Mandarin is committed to provide fresh and quality food to their customers at all times. Mandarin Restaurant Franchise Corporation only accepts franchisees from within its existing system. Mandarin franchisees must work for at least one year in one of our restaurants. Upon favourable recommendation, potential applicants will then be admitted to the training program at the corporate headquarters. Franchisees are selected from this pool of applicants.

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