Magic Wok vs Tin Drum Asia Cafe Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Magic Wok vs Tin Drum Asia Cafe including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Magic Wok Franchise
Tin Drum Asia Cafe Franchise
Investment $95,000 - $150,000$400,800 - $617,250
Franchise Fee $12,500$49,000 - $99,000
Royalty Fee 5%6%
Advertising Fee 3%1.5%
Year Founded 19832003
Year Franchised 19910
Term Of Agreement 10 years +10-
Term Of Agreement 10 years +10-
Renewal Fee -50% of franchise fee


Business Experience Requirements
 
Magic Wok Franchise
Tin Drum Asia Cafe Franchise
Experience --

Financing Options
 
Magic Wok Franchise
Tin Drum Asia Cafe Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Magic Wok Franchise
Tin Drum Asia Cafe Franchise
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

We prefer to be located in lifestyle centers or mixed-use developments with lots of foot traffic and a good mix of other national and local tenants. We will also consider well-positioned neighborhood shopping centers; urban/downtown locations with strong daytime population and foot traffic; and areas near college and university campuses.

Expansion Plans
 
Magic Wok Franchise
Tin Drum Asia Cafe Franchise
US Expansion YesNo
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 Tin Drum Asia Cafe

Founded in 2003, Tin Drum was created to reflect the bustling street-side cafes found throughout Asia. With the limited service operating model of fast casual and the dining experience of full casual, Tin Drum Asia Cafe is setting a new standard for the Fast Casual Dining franchise model. We call it "Fresh Casual." Our menu carries bold and broad flavor profiles; all food is cooked fresh to order in an open kitchen; the food is delivered to the guest at their table rather than being picked up at a counter; all this taking place in an environment with an elevated decor meant to evoke a bustling Asian street market.
 
10% discount for veterans off initial franchise fee