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Updated RecentlyTeriyaki Madness vs Magic Wok Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Teriyaki Madness 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 | $322,755,862,435 | $95,000 - $150,000 |
| Franchise Fee | $45,000 | $12,500 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 3% | 3% |
| Year Founded | 2003 | 1983 |
| Year Franchised | 2005 | 1991 |
| Term Of Agreement | - | 10 years +10 |
| Term Of Agreement | - | 10 years +10 |
| Renewal Fee | 10% of franchise 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 | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-the-job training: 195 hours Classroom training: 50.5 hours | Toledo, OH 3-4 Weeks |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Number of Employees Required to Run: 10 | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | Yes |
Company Overviews
About Teriyaki Madness
Teriyaki Madness is a fast-casual Asian inspired restaurant serving exceptional Teriyaki cuisine in a fun and relaxed atmosphere. Our menu offers an assortment of high quality meats grilled to perfection with our signature sauces, plus a variety of other popular Asian entrees and delicious side dishes.
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#94 in Gator's Top franchises.!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
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.