Tiki-Ming vs Rice King Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Tiki-Ming vs Rice King including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Tiki-Ming Franchise
Rice King Franchise
Investment $175,000 - $500,000$173,500 - $395,000
Franchise Fee $30,000 - $40,000$13,000
Royalty Fee --
Advertising Fee --
Year Founded 19791982
Year Franchised 19831996
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Tiki-Ming Franchise
Rice King Franchise
Experience --

Financing Options
 
Tiki-Ming Franchise
Rice King Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Tiki-Ming Franchise
Rice King Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Tiki-Ming Franchise
Rice King Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About Tiki-Ming

Tiki-Ming is one of Canada's pioneers in the Chinese speedy administration industry. Since 1983, Canadians have appreciated the delicious and endearing taste of Tiki-Ming's food. From the minute you approach
Tiki-Ming's popular steam table, you will be welcomed by a cornucopia of delightful and ameliorating Chinese dishes made new day by day by our high-gifted gourmet specialists. From our well known General Tao chicken to our compelling panfry choice, you will experience serious difficulties! Our menu likewise incorporates an assortment of true made-to-request panfry dishes newly arranged in our woks and an assortment of wonderful noodle soups.

Based on convention and bona fide values, Tiki-Ming has an unbelievably wide interest to clients of any age and is prepared to fulfill all Chinese sustenance yearnings!

About Rice King

The Asian Food Market is growing fast! Today, the hottest segment among Fast Food Restaurants is 'ethnic' cuisine. Among the hottest of the hot is Chinese / Japanese. There should be no surprise, considering that Chinese food has 97% awareness (1) in the United States, with a wide base of appeal across the adult population. In fact, Chinese food is so ingrained in the American culture that it is no longer considered ethnic.(2) (1) The Emerging Ethnic Foods Market. U.S. Consumer Intelligence, June 2004 (2)- Ethnic Cuisines, National Restaurant Association, 2003 Benefits 1. Stable Sales 2. Training 3. Training Management Skills 4. Co-Advertising 5. Food Distribution Channels 6. Developing New Menu Items 7. Lease Negotiations