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Below is an in-depth analysis and side-by-side comparison of Magic Wok vs Sarku Japan including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $95,000 - $150,000 | $283,000 - $562,000 |
Franchise Fee | $12,500 | $30,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 3% | 2%-3% |
Year Founded | 1983 | 1987 |
Year Franchised | 1991 | 1987 |
Term Of Agreement | 10 years +10 | 10 years |
Term Of Agreement | 10 years +10 | 10 years |
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 | -/- | No/- |
Start-up Costs | -/- | No/- |
Equipment | -/- | No/- |
Inventory | -/- | No/- |
Receivables | -/- | No/- |
Payroll | -/- | No/- |
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 | * Branded design with modern configuration * Proven business model * Extensive training and ongoing operational support * Comprehensive marketing programs * Chain strength of over 200 locations * Sizzling, freshly prepared, delicious and nutritious menu offerings |
Marketing | - | - |
Operations | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | At least one owner or a designated manager must be involved in each store on a full time basis. In addition, the owner or designated manager must be responsible for the day-to-day operations and management. |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | Yes | - |
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.