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Updated RecentlyManchu Wok vs Tastee Freez Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Manchu Wok vs Tastee Freez 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 | $40,000 - $900,000 |
| Franchise Fee | $30,000 | $10,000 - $20,000 |
| Royalty Fee | 7% | 5% |
| Advertising Fee | 1% | 3%local + 1% Nat'l |
| Year Founded | 1981 | 1950 |
| Year Franchised | 1989 | 0 |
| Term Of Agreement | 5 years | 20 years |
| Term Of Agreement | 5 years | 20 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 | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | 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 | - | - |
| 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 Tastee Freez
Tastee Freez is ready to grow an exciting and energetic concept. Tastee Freez still offers the traditional great tasting treats and grilled items that made us famous with state-of-the-art equipment and new brand imaging. Now is the time to join the Tastee Freez family!
In addition to our traditional Tastee freez concept, Tastee Freez also offers an exciting co-branding opportunity for existing restaurant concepts. For an initial fee of $5,000 you can add Tastee Freez soft serve to your existing restaurant menu. All other fees remain the same. You need only four linear feet to add Tastee Freez to your concept.