City Wok vs Sriracha House Franchise Comparison

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

Start-Up Costs and Fees
 
City Wok Franchise
Sriracha House Franchise
Investment $243,400 - $568,500$222,250 - $402,000
Franchise Fee $30,000$30,000
Royalty Fee 5%5%
Advertising Fee -1%
Year Founded 1990-
Year Franchised 2004-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
City Wok Franchise
Sriracha House Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    City Wok Franchise
    Sriracha House Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support
     
    City Wok Franchise
    Sriracha House Franchise
    Training -On-the-job training: 142 hours Classroom training: 23 hours
    Support Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesToll-Free Line Online Support Site Selection
    Marketing Co-op advertisingCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations International franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit

    Absentee ownership of franchise is NOT allowed. (65% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    City Wok Franchise
    Sriracha House Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About City Wok

    The dream was a contemporary yet casual restaurant offering authentic, upscale Asian cuisine. Today, City Wok is proud to be recognized by Restaurant Hospitality magazine as personifying the future of fast-casual dining.

    Stuart Davis opened his first City Wok in 1990, working extensively with Hing Fan Chan, an executive chef trained in Kowloon, China. While other restaurants may water down, Americanize or over-expand their menus to appeal to the masses, Davis created the City Wok concept from his desire to deliver authentic Chinese dishes in a style that appeals to Americans.

    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.