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Below is an in-depth analysis and side-by-side comparison of Manchu Wok vs Sushiman including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $476,050 - $787,500 | $175,000 - $500,000 |
Franchise Fee | $30,000 | $30,000 - $40,000 |
Royalty Fee | 7% | 6% |
Advertising Fee | 1% | - |
Year Founded | 1981 | 0 |
Year Franchised | 1989 | 0 |
Term Of Agreement | 5 years | 15 years |
Term Of Agreement | 5 years | 15 years |
Renewal Fee | $3K per year | - |
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/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | No |
Conceived and founded in 1980, Manchu Wok grew into a national chain across Canada and into the United States over the next nine years. Ownership changed in 1989, and expansion continued with a focus on the United States. Manchu Wok now has close to 150 stores, of which more than 70 percent are franchised.
In the event that you've ever considered leaving on the enterprise of business, you are without a doubt a pioneer, one of only a handful few who fashion their own way.
Our theory is to put incredibleness and goodwill at the focal point of our every day lives. Everything begins with an energy for the client. This is the reason we're searching for more than just financial specialists. We're searching for ministers to exemplify these principal values. Might you be able to be one of them?
A JAPANESE TRADITION WITH A MODERN TWIST!
Sushiman is a present day Japanese combination idea offering customary sushi moves and a wide choice of special manifestations. Browse our wide variety of liberal combos, made new for the duration of the day by our enthusiastic gourmet experts, or from our tremendous individually choice that are ensured to fulfill your sushi longing for! Sushiman is an incredible choice for a new and solid supper in a hurry.
Straightforward COMMON SENSE
Sushiman has a few areas in the territory of Quebec. Be that as it may, the franchisers don't trade off with regards to putting quality before amount. A Sushiman area must be supported by conferred, enthusiastic individuals, or it won't open. It's that straightforward.
Beaus of Asian sustenance have comprehended that Sushiman is distinctive. This is the reason activity has continued expanding, winter and summer. Everybody can get behind judgment skills.
THE SUSHIMAN TEAM
The Sushiman group bolsters you at each phase of your business improvement: marketable strategy, financing, selecting an area, arranging a rent, preparing, administration bolster, publicizing efforts, and innovative work. We'll be there to guide you. We share your enthusiasm for succeeding, on the grounds that your prosperity is our prosperity.
Starting a new business with Sushiman is a delight, immaculate and straightforward.