Magic Wok Franchise
Oriental restaurant
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.
Start-up Costs & Franchises Fees
What is the total cost to open a Magic Wok Franchises?
Total Cost: $95,000 USD -$150,000 USD
Total Franchise Fees: $12,500
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees: 3%
Term of Agreement: 10 years +10
Contact Information for Magic Wok
|
Magic Wok |
Phone Number: 419-841-1818 |
Historical Expansion
In what year did Magic Wok begin operations? 1983
When did Magic Wok begin selling franchises? 1991
Year United States Canada International Corporate 2008 10 0 2 10
Future Expansion
United States: Florida, Illinois, Indiana, Maryland, Michigan, Virginia
Countries of Interest: Mexico, Saudi Arabia
Training & Support
Training
Toledo, OH 3-4 Weeks
Support
Field Operation Evaluation
Field Training
Initial Store Opening
Inventory Control
Regional or National Meetings
800 Telephone Hotline
Franchise Operation Restrictions
Average Number of Employees: 2 Full-time, 8 Part-timePassive Ownership: Allowed, But Discouraged
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes