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Updated RecentlyMagic Wok vs Koryo Korean Barbeque Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Magic Wok vs Koryo Korean Barbeque 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 | $275,000 - $325,000 |
| Franchise Fee | $12,500 | $30,000 - $40,000 |
| Royalty Fee | 5% | - |
| Advertising Fee | 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 | Yes |
| Canada Expansion | - | Yes |
| International Expansion | Yes | 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 Koryo Korean Barbeque
The imaginative personalities off camera have made a totally new class of eating through Koryo Korean Barbeque eateries crosswise over Canada. Globally inside the following 5 years! By wedding a portion of the finest Korean culinary customs with advanced ways of life and tastes Koryo eateries gladly offer Affordable Gourmet. Each feast is deliberately arranged with grade A meats, no additives and no MSG. Nourishment requests are started up on a hot flame broil just before your eyes while the incredible administration at every eatery is complimentary with your supper! You are welcome to experience what a large number of others have come to love.