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Updated RecentlyMagic Wok vs Yoshinoya Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Magic Wok vs Yoshinoya including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $95,000 - $150,000 | $550,000 - $1,400,000 |
| Franchise Fee | $12,500 | $27,500 |
| Royalty Fee | 5% | 4% |
| Advertising Fee | 3% | - |
| Year Founded | 1983 | 1899 |
| Year Franchised | 1991 | 0 |
| Term Of Agreement | 10 years +10 | 10 years +5+5 |
| Term Of Agreement | 10 years +10 | 10 years +5+5 |
| 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 | Our goal is to give you the tools you need to assist you in building a business from day one. Your Yoshinoya franchise training includes 1 week of extensive, on-site initial training for yourself at our training headquarters in Torrance, California, six weeks for your lead kitchen personnel and 12 weeks for your front of house store manager. Training includes up to four persons. We help you stay abreast of new developments by providing additional training. Examples could include new equipment, menu and operational training. |
| Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | During your first week of business operations, a Yoshinoya Franchise Operations staff member will work with you and your staff at your location to solidify your operational, quality and customer service. Yoshinoya's experienced field staff will regularly visit your location to evaluate your progress and suggest positive operations, profitability and marketing improvements. |
| Marketing | - | As a Yoshinoya franchise owner, you will be supported by marketing to promote brand awareness and sales. Franchisees and company restaurants contribute to a fund for this purpose. |
| 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 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.
About Yoshinoya
Opportunity... It's in the Bowl. Success in business is partly about knowing what consumers want even before they ask for it. It's about recognizing trends and taking action. And, right now, the trends in American culture are well aligned for your new franchise with Yoshinoya. Yoshinoya started in 1899 in Japan. With over 1500+ units worldwide, 98 here in America, we are growing and seeking motivated franchisees to grow with us. Yoshinoya is the Home of the Original Beef Bowl. Wholesome, quick-serve Japanese style menu. Our Signature Beef Bowl, Chicken Teriyaki Bowls, Salads, Desserts and more are on the menu here, all styled for a Quick Serve restaurant. With our unique Japanese menu, quality ingredients and nutritional alternatives to typical fast food, Yoshinoya incorporates today's trends, from health and nutrition to convenience and ethnic influences. Now we're ready to expand to a neighborhood near you - act now to become a part of our ongoing growth!