Hongkong Noodle Factory vs Maid-Rite Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Hongkong Noodle Factory vs Maid-Rite including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Hongkong Noodle Factory Franchise
Maid-Rite Franchise
Investment $1,600$99,375 - $141,500
Franchise Fee $1,450$60,000
Royalty Fee 06%
Advertising Fee 02%
Year Founded -1926
Year Franchised -1926
Term Of Agreement 3 years-
Term Of Agreement 3 years-
Renewal Fee --


Business Experience Requirements
 
Hongkong Noodle Factory Franchise
Maid-Rite Franchise
Experience --

Financing Options
 
Hongkong Noodle Factory Franchise
Maid-Rite Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Hongkong Noodle Factory Franchise
Maid-Rite Franchise
Training --
Support --
Marketing --
Operations -12% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 8 - 14

Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

Expansion Plans
 
Hongkong Noodle Factory Franchise
Maid-Rite Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Hongkong Noodle Factory

E-Concept Business Consultancy, Inc. would like to extend our warmest welcome to you, our dear visitor! We here at E-Concept value 'People' and 'Service' as our most valuable asset. With a mix of western and eastern culture we come up with innovative solutions to cater for the ever changing Asian market. We provide franchise development and selling service for interested entrepreneur. Geared towards versatile and effective operation for positive profit potential. Also we have Marketing and Management Consultancy services for small and medium scale business who in turn need a good efficient system to integrate with their current operations. Franchise Package includes * Use of Name * Transfer Of Technology * Business System * Marketing Support * Pre Opening Assistance * Grand Opening * Post Opening * Recruitment and training of Crew * Orientation of Franchisee * Site Assistance * Permit Assistance * Free delivery of stocks within Metro Manila Item Setup 1. Outdoor Cart - Free 2. Operating Equipment & Utensils: * (1)Gulaman Container * (1)Super Kalan * (1)Showcase Cabinet * Frying Pan * Complete Set of Kitchen & Operating Utensils * (2)Set of uniform * NOTE: (1)Chest type freezer just add Php 5,000 3. Initial inventory worth Php 2,000

About Maid-Rite

Why Maid-Rite Makes Excellent Business Sense. We invite you to take part in the American dream of owning and operating your own business to achieve your personal goals for success. Our proven track record, of serving our customers for over 82 years, speaks for itself. The personal satisfaction of owning your own business is just a few clicks away. See why Maid-Rite makes excellent business sense. Find out how easy it is to operate a Maid-Rite with our extensive franchisee training program and our A to Z Operating Manual. With Maid-Rite, you could be owning and operating, your own franchise within 60 to 150 days after completing your franchise application. The secret to success is getting started!
Recognized Brand
Our familiar red and white octagon logo has graced the landscape of the Midwest for over eight decades. It is a tradition that we are proud of and you, as a franchisee, will find the Maid-Rite name to be a welcome icon of recognized familiarity and popularity.
Regional Developer Franchise Opportunities -- United States Master Franchises Available -- International Affordability Maid-Rite is the affordable choice. You can own and operate a single unit Maid-Rite franchise with an initial investment for as low as $200,000, which includes the franchisee fee, all equipment, furniture, fixtures, inventory, smallwares, signage and working capital in a leased premise. Financing and leasing options are available. Make the "Rite" choice today to let us know of your interest in becoming a proud owner of a successful Maid-Rite franchise.