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Updated RecentlyMagic Wok vs Bann Thai Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Magic Wok vs Bann Thai 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 | $224,000 - $603,000 |
| Franchise Fee | $12,500 | $30,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | - |
| Year Founded | 1983 | 2010 |
| Year Franchised | 1991 | 2013 |
| Term Of Agreement | 10 years +10 | 10 years |
| Term Of Agreement | 10 years +10 | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | DRIVER Has written and actionable goals Focus on the end result, regardless of the amount of time it takes to get there. Plan and act towards desired goals better than current circumstance Focus on what is going right, regardless of what is going wrong If this sounds like you, we are looking for you. |
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 | 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 Bann Thai
NO LONGER FRANCHISING