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Updated RecentlyZyng Asian Grill vs Wok Box Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Zyng Asian Grill vs Wok Box including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $212,000 - $480,000 | $350,000 - $425,000 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | - | 3% |
| Year Founded | 1997 | 2004 |
| Year Franchised | 1999 | 2005 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
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 | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | Additional training periodically | Prior to the opening of your Wok Box Fresh Asian Kitchen, Wok Box will provide the franchisee with extensive training in one of our corporate stores and at our Head Office. During this training the franchisee will learn all the hands on aspects of preparing each dish, how to make orders to minimize product waste, the industry secrets to operating a successful restaurant, how to utilize the Point of Sale systems and most importantly allow the franchisee to become an integral part of the Wok Box team. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Wok Box regional Operations Managers and Master Developers will be in constant contact with all franchisees to ensure that the Wok Box product is being prepared consistently across the markets. These key people will provide Franchisees advice on how to improve their operations and ultimately will aid all Wok Box Fresh Asian Kitchens to succeed. |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Each Wok Box Franchise contributes 3% of their gross sales to an advertising fund that will be used by Wok Box to maximize the exposure of the brand and products. Wok Box's Executive team has a wealth of knowledge for franchisees on how to best advertise and market their stores and will provide each store advice on how to promote their store in their individual market. |
| 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) | A Franchisee who purchases a Wok Box Franchise does not have to personally operate the Wok Box restaurant. However, there must be a full time Manager who has satisfactorily completed the training course provided by Wok Box and is involved in the operations or overseeing of the restaurant. Wok Box does not want to jeopardize the brand by having untrained or inexperienced personnel operating the stores. It is critical to note that to a large part the success of a Wok Box franchise depends on the enthusiasm, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore Wok Box strongly recommends that Franchisees be actively involved on a day-to-day basis in their restaurant. It will also provide a better support network if Franchisees have questions for management at Wok Box headquarters. |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
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 Wok Box
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