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Updated RecentlyManchu Wok vs Sriracha House Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Manchu Wok vs Sriracha House 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 | $222,250 - $402,000 |
| Franchise Fee | $30,000 | $30,000 |
| Royalty Fee | 7% | 5% |
| Advertising Fee | 1% | 1% |
| Year Founded | 1981 | - |
| Year Franchised | 1989 | - |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 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 | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/Yes |
| Payroll | No/No | No/Yes |
Training & Support |
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| Training | - | On-the-job training: 142 hours Classroom training: 23 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Toll-Free Line Online Support Site Selection |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO 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) | - |
Expansion Plans |
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| 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 Sriracha House
Founded in 2013 on South Beach, Sriracha House is a fast-casual restaurant
making SouthEast Asian street food hot and healthy. We use whole, fresh
ingredients to create flavorful, customized rice and noodle bowls
flash-wokked to perfection in a lively, open exhibition kitchen.
Inspired by the open-air street markets of Thailand, Malaysia and
Vietnam, our open kitchen allows customers to inhale the aroma of
sautéed garlic and ginger, hear the food sizzle in the wok and watch
giant flames jump out of the wok burners.
The Opportunity
Owning a Sriracha House gives you the opportunity to partner with a highly successful team of restaurant and business experts who have already mastered the industry; making the enterprise both profitable and fun. You will work directly with the owners and learn how to run your own location. Leaders in the fast casual dining industry, Sriracha House's profits continue to grow annually. They are prepared to share with you all of the knowledge, training and support to make sure that you exceed all expectations.
The Opportunity
Owning a Sriracha House gives you the opportunity to partner with a highly successful team of restaurant and business experts who have already mastered the industry; making the enterprise both profitable and fun. You will work directly with the owners and learn how to run your own location. Leaders in the fast casual dining industry, Sriracha House's profits continue to grow annually. They are prepared to share with you all of the knowledge, training and support to make sure that you exceed all expectations.