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Updated RecentlyYeung's Lotus Express vs Magic Wok Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Yeung's Lotus Express 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 | $230,500 - $496,000 | $95,000 - $150,000 |
| Franchise Fee | $30,000 | $12,500 |
| Royalty Fee | - | 5% |
| Advertising Fee | - | 3% |
| Year Founded | 1987 | 1983 |
| Year Franchised | 1987 | 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 Yeung's Lotus Express
Yeung's Lotus Express was developed from the Kelly Yeung's many years of
experience in the full line restaurant industry. His vision was to
offer the quality and service of his full-line restaurants at the price
and speed of quick-service restaurants. The first Yeung's Lotus Express was opened in Miami's Bayside Market Place, overlooking Biscayne Bay.
The grand opening was such a success that Kelly decided to leave the
full-line restaurant business and grow Yeung's Lotus Express. There are
now currently over 40 Yeung's Lotus Express restaurants operating as
company owned, partnership, and franchise restaurants.
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.