Business Description

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.

Franchisor Background

Year Established:  1983

Franchising Since:  1991

Operating Units:
Franchised Units:	12	54.5%
Company-Owned Units:	10	45.5%
Total Operating Units:	22	100.0%
Geographic Distribution: U.S.: 20 90.9% In 5 States Canada: 0 0% In 0 Canadian Provinces International: 2 9.1% In 0 Foreign Countries   Total: 22 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Michigan	3
2. Ohio	7

Registered in Following Registration States: Florida, Illinois, Indiana, Maryland, Michigan, Virginia

Financial Requirements

Investment:
Minimum Net Worth:	$100K
Cash Investment:	$50K
Total Investment:	$95-150K
Average Total Investment:	$122K
Fees:
Initial Franchise Fee:	$12.5K
Average Franchise Fee:	$12K
On-Going Royalty:	5%
Average Royalty:	5%
Advertising Fee:	3%

Average Number of Employees: 2 Full-time, 8 Part-time

Space Needs (in square footage): 1,600

Preferred Sites: Free-standing Building

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	3
General Business Experience:	2
Specific Industry Experience:	2
Formal Education:	2
Psychological Profile:	2
Personal Interview(s):	4
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	7
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Not Applicable
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Toledo, OH	3-4 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 2 U.S.: Yes, Midwest Canada: No Overseas: Yes, Saudi Arabia, Mexico	Request Franchisor Info   Submit an online form to receive information from Magic Wok.