| ||||
Updated RecentlyManchu Wok vs Gyu-Kaku Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Manchu Wok vs Gyu-Kaku including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $476,050 - $787,500 | $1,200,444 - $2,526,540 |
| Franchise Fee | $30,000 | $50,000 |
| Royalty Fee | 7% | 4%-5% |
| Advertising Fee | 1% | 1.5% |
| Year Founded | 1981 | 1996 |
| Year Franchised | 1989 | 1997 |
| 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 | - | On-The-Job Training: 304 hours Classroom Training: 46 hours Additional Training: At company-owned restaurants |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Site Selection |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Regional Advertising Social media Website development Email marketing Loyalty program/app |
| 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) | Absentee Ownership Allowed Number of Employees Required to Run: 20 |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | 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 Gyu-Kaku
Gyu-Kaku System operates over 700 locations worldwide and has more than 10 years franchising experience in Japan.
Reins International USA has more than 8 years operating experience in the U.S. to modify the system for the U.S. market w/ 12 units.
Gyu-Kaku has been awarded the prestigious Hot Concept Award by the restaurant industry's premier trade publication, Nation's Restaurant News!
We like to think of it as the Oscars of the restaurant business.
The Hot Concept Award is given each year by the editors of NRN to six emerging restaurant brands that have distinguished themselves as Hot Concepts: "fast-growing, financially proven overachievers that are on their way to becoming tomorrow's giants." Each winner must be a clearly defined concept that appeals to consumers and positions the company at the leading edge of foodservice.
The goal is to recognize brands for their innovation, successful business strategies and entrepreneurial spirit.
The initial franchise fee is $50,000. The estimated investment necessary
to begin operation of a Gyu-Kaku franchise unit franchise range is
$1,200,444 to $2,526,540. This includes $56,500 to $71,500 that is paid
to the franchisor and its affiliates.
The franchisor may also offer you
the optional right to execute an Area Development Agreement granting you
a right to open one to four additional Outlets for an additional
investment of $25,000 (for one additional Outlet) to $100,000 (for four
additional Outlets), all of which must be paid to the franchisor.
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#240 in Franchise 500 for 2020.
#227 in Franchise 500 for 2021.