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Updated RecentlyKoya Japan vs Magic Wok Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Koya Japan 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 | $185,000 - $215,000 | $95,000 - $150,000 |
| Franchise Fee | $25,000 | $12,500 |
| Royalty Fee | - | 5% |
| Advertising Fee | - | 3% |
| Year Founded | - | 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 | - | - |
| International Expansion | - | Yes |
Company Overviews
About Koya Japan
Koya Japan is keeping on developing in the eatery administrations industry, and we are searching for committed establishment proprietors who are excited and enthusiastic about Japanese sustenance to join our group.
To wind up distinctly an establishment proprietor, there will be a 3-arrange meeting and examination handle. Hopefuls will be chosen in view of the accompanying criteria: business intuition and experience, money related practicality, character and mentality, compelling learning and correspondences aptitudes, and the sky is the limit from there.
MTY Group is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 35 years, it has been increasing its presence by delivering new concepts in quick-service restaurants and making acquisitions and strategic alliances that have allowed MTY Group to reach new heights year after year.
By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year. With over 7000 locations worldwide and the multitude of flavours of its many brands, MTY is able to satisfy the different tastes and needs of consumers every day.
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.