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Updated RecentlyMandarin Restaurant vs Magic Wok Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mandarin Restaurant vs Magic Wok including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $2,500,000 - $3,000,000 | $95,000 - $150,000 |
| Franchise Fee | N/A | $12,500 |
| Royalty Fee | - | 5% |
| Advertising Fee | - | 3% |
| Year Founded | 1979 | 1983 |
| Year Franchised | - | 1991 |
| Term Of Agreement | - | 10 years +10 |
| Term Of Agreement | - | 10 years +10 |
| 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | Toledo, OH 3-4 Weeks |
| Support | - | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | - | - |
| Operations | - | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Company Overviews
About Mandarin Restaurant
Award winning all-you-can-eat buffet restaurant serving Chinese and Canadian food as well as a la carte and take out menu in Southern Ontario region. Mandarin is committed to provide fresh and quality food to their customers at all times. Mandarin Restaurant Franchise Corporation only accepts franchisees from within its existing system. Mandarin franchisees must work for at least one year in one of our restaurants. Upon favourable recommendation, potential applicants will then be admitted to the training program at the corporate headquarters. Franchisees are selected from this pool of applicants.
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.