| ||||
Updated RecentlyManchu Wok vs Yogis Grill Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Manchu Wok vs Yogis Grill including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $476,050 - $787,500 | $268,050 - $434,055 |
| Franchise Fee | $30,000 | $30,000 |
| Royalty Fee | 7% | 3% |
| Advertising Fee | 1% | 2% |
| Year Founded | 1981 | 2005 |
| Year Franchised | 1989 | 2008 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $3K per year | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| 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 |
||
| Training | - | Training will be available at our company headquarters, or at another exclusive location, and will last for 1 week. Members of our management team will conduct training. Training will be provided for 2 people per franchised business. Ongoing training is also available. |
| 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 |
||
| 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 Yogis Grill
The Yogis Grill is an excellent opportunity for you to own your own business in a growing industry with high upside potential.Yogis Grill Casual Japanese Restaurant. To support our current growth plans, we seek qualified individuals with passion, energy, and drive, who are capable of using our systems and support to develop their own successful business.
We work with entrepreneurs to build strong and successful casual Japanese restaurant businesses. Our experience and leading edge systems provide each casual Japanese restaurant franchise with the direction that helps them achieve the goals they have for their business.
Franchises are available in selected areas.