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Updated RecentlyHo-Lee-Chow vs Magic Wok Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Ho-Lee-Chow 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 | $75,000 - $175,000 | $95,000 - $150,000 |
| Franchise Fee | $25,000 | $12,500 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 3% | 3% |
| Year Founded | 1989 | 1983 |
| Year Franchised | 1989 | 1991 |
| Term Of Agreement | - | 10 years +10 |
| Term Of Agreement | - | 10 years +10 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | Toledo, OH 3-4 Weeks |
| Support | - | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | - | - |
| Operations | - | 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 | No | Yes |
Company Overviews
About Ho-Lee-Chow
The Ho-Lee Chow concept capitalizes on the quick-food service industry. They cater to the North American love of Chinese food with a quality product and impeccable standards of preparation and delivery. It is fresh, attractive, delicious and healthful, low in additivies and free of MSG. Prepared and delivered hot, fast and fresh to home or office. The Ho-Lee-Chow� concept is based upon applying proven franchise principles to Chinese Food - the last frontier of Quick-Service restaurants. Until Ho-Lee-Chow� was conceived, consumers just couldn't find Chinese Food with the quality, service, value and cleanliness that they have come to expect from other quick service providers, such as hamburgers, subs, pizza and chicken. People want more variety now. Their lifestyles still make convenient quick service food a necessity, but they want a break from the basic fare. The ethnic food sector is booming, and Chinese Food is a favorite.
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.