Manchu Wok vs CRAVE Franchise Comparison

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

Start-Up Costs and Fees
 
Manchu Wok Franchise
CRAVE Franchise
Investment $476,050 - $787,500$157,900 - $453,500
Franchise Fee $30,000$35,000
Royalty Fee 7%6%
Advertising Fee 1%2%
Year Founded 19812018
Year Franchised 19892018
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $3K per year-


Business Experience Requirements
 
Manchu Wok Franchise
CRAVE Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• $100,000 Liquid Capital

    Financing Options
     
    Manchu Wok Franchise
    CRAVE Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Manchu Wok Franchise
    CRAVE Franchise
    Training -Ongoing Training Programs
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesReal Estate Assistance Marketing Assistance Operational Support Systems in Place
    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
     
    Manchu Wok Franchise
    CRAVE Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Manchu Wok

    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.

    About CRAVE

    Crave began in 2018 and are unique and trendy fast casual BBQ and Hot Dog Joints, that offer BBQ sandwiches and sliders along with 100% All Beef Hot Dogs, Brats and Sausages grilled to perfection. You can top it anyway you like, with our array of toppings and of course add one of our delicious sides, such as baked fries or coleslaw. Crave also features a Self Serve Beer Wall! Customers can choose from the many beer options, as well as wine and cider. As much or little as you choose, it’s up to YOU!