Doc Chey's Asian Kitchen vs Magic Wok Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Doc Chey's Asian Kitchen vs Magic Wok including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Doc Chey's Asian Kitchen Franchise
Magic Wok Franchise
Investment $287,500 - $462,000$95,000 - $150,000
Franchise Fee $25,000$12,500
Royalty Fee 5%5%
Advertising Fee -3%
Year Founded 19971983
Year Franchised 20041991
Term Of Agreement 10 years10 years +10
Term Of Agreement 10 years10 years +10
Renewal Fee 50% of then-current fee-


Business Experience Requirements

 
Doc Chey's Asian Kitchen Franchise
Magic Wok Franchise
Experience
  • 3 years of restaurant experience
  • -

    Financing Options

     
    Doc Chey's Asian Kitchen Franchise
    Magic Wok Franchise
      In-House/3rd PartyIn-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

     
    Doc Chey's Asian Kitchen Franchise
    Magic Wok Franchise
    Training -Toledo, OH 3-4 Weeks
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsField Operation Evaluation

    Field Training

    Initial Store Opening

    Inventory Control

    Regional or National Meetings

    800 Telephone Hotline

    Marketing Co-op advertising-
    Operations

    Number of employees needed to run franchised unit: 25

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Average Number of Employees: 2 Full-time, 8 Part-time

    Passive Ownership: Allowed, But Discouraged


    Expansion Plans

     
    Doc Chey's Asian Kitchen Franchise
    Magic Wok Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion NoYes

    Company Overviews

    About Doc Chey's Asian Kitchen

    When we opened the first Doc Chey's in 1997, our goal was simple: operate a neighborhood restaurant that serves our guests affordable, delicious, pan-Asian food.

    Although we have been true to our original mission, we quickly learned that we had an even greater mission, and that was to improve the communities we serve. We did this by becoming stakeholders in our neighborhoods and fostering good karma in our communities through various initiatives - dine-outs that support local schools and charitable organization, donations to local organizations for fundraising events, and hosting charitable events like Morningside Mile and Breakfast with Santa.

    Through our efforts, we have donated over $200,000 in cash and food to local schools and non-profit organizations. We work hard to live our values everyday - treat others as we wish to be treated and give without expecting anything in return.

    We will continue to work hard every day to help make our communities better places to live - one noodle bowl at a time.

    About Magic Wok

    Quick-service, made-to-order, hot oriental concept. Stand alone, mall, drive-thru, delivery, school lunch and other non-traditional operations. Low barrier to entry, high return on investment. Domestic and international.