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Updated RecentlyMagic Wok vs Teriyaki Experience Canada Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Magic Wok vs Teriyaki Experience Canada 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 | $265,000 - $380,000 |
| Franchise Fee | $12,500 | $30,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 3% | 3% |
| Year Founded | 1983 | - |
| Year Franchised | 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 | - | - |
| International Expansion | Yes | - |
Company Overviews
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.
About Teriyaki Experience Canada
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.
Get in on the growing trend toward fast, fresh, healthy
Asian-inspired food.
The Teriyaki Experience franchise concept is a sizzling hot opportunity that serves up what consumers are looking for.Teriyaki Experience enjoys top of mind recognition and hits the mark with the growing popularity of healthy eating in the fast food arena.
Here's what we offer:
* Turnkey operation
* Branded store design
* Proven operating system
* Extensive training program
* Ongoing operational support
* Comprehensive marketing support
* Chain strength of over 100 locations
* Freshly prepared, delicious and nutritious menu offerings with wide market appeal
* Locations across Canada, Europe and the Middle East