Zyng Asian Grill vs Magic Wok Franchise Comparison

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

Start-Up Costs and Fees

 
Zyng Asian Grill Franchise
Magic Wok Franchise
Investment $212,000 - $480,000$95,000 - $150,000
Franchise Fee $25,000$12,500
Royalty Fee 5%5%
Advertising Fee -3%
Year Founded 19971983
Year Franchised 19991991
Term Of Agreement 10 years10 years +10
Term Of Agreement 10 years10 years +10
Renewal Fee --


Business Experience Requirements

 
Zyng Asian Grill Franchise
Magic Wok Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    Zyng Asian Grill Franchise
    Magic Wok Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support

     
    Zyng Asian Grill Franchise
    Magic Wok Franchise
    Training Additional training periodicallyToledo, OH 3-4 Weeks
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesField Operation Evaluation

    Field Training

    Initial Store Opening

    Inventory Control

    Regional or National Meetings

    800 Telephone Hotline

    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 9

    Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

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

    Passive Ownership: Allowed, But Discouraged


    Expansion Plans

     
    Zyng Asian Grill Franchise
    Magic Wok Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About Zyng Asian Grill

    An exciting, fresh, vibrant, contemporary Asian dining experience! Set in an Asian-inspired, funky, vibrant market atmosphere, you are immediately attracted by the colors, sounds and smells permeating throughout the casual dining restaurant. In late 1995, Canadian businessman Arnold Shostak was in the Far East - China, Japan, Hong Kong, Singapore and Thailand. Before the trip, in his usual methodical and careful manner, he'd "read ahead" - guide books, histories, business reports, the Internet. He was an informed traveler and knew what to expect in each of the countries on his itinerary. Even so, Asia's ubiquitous noodle shops surprised him. "I couldn't believe how many there are - countless thousands! And I was amazed at their efficiency - even little mom-and-pop-owned-and-operated noodle restaurants were thriving, humming at all hours". An open kitchen with a Teppan Grill is the center stage for The Noodle People, cooking dishes emanating from China, Japan, Thailand, Vietnam, Singapore & Korea. Choose from our large and diverse selection of appetizers - dumplings, yakitori, spring rolls, noodle salads, small bowls of soup and more. A variety of specialty meals-in-bowls including the world's best Pad Thai, the one and only Zyngapore Noodles, Zyng Peanut Toss as well as other favorites.

    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.