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Updated RecentlyManchu Wok vs Bann Thai Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Manchu Wok vs Bann Thai 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 | $224,000 - $603,000 |
| Franchise Fee | $30,000 | $30,000 |
| Royalty Fee | 7% | 5% |
| Advertising Fee | 1% | - |
| Year Founded | 1981 | 2010 |
| Year Franchised | 1989 | 2013 |
| Term Of Agreement | 5 years | 10 years |
| Term Of Agreement | 5 years | 10 years |
| Renewal Fee | $3K per year | - |
Business Experience Requirements |
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| Experience | DRIVER Has written and actionable goals Focus on the end result, regardless of the amount of time it takes to get there. Plan and act towards desired goals better than current circumstance Focus on what is going right, regardless of what is going wrong If this sounds like you, we are looking for you. |
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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 | - | Yes |
| 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 Bann Thai
NO LONGER FRANCHISING