|
Magic Wok
2060 Laskey Rd.
Toledo, OH 43613
800#:
Tel: (419) 471-0696
Fax: (419) 471-0405
E-Mail:
Web Site: www.worldfranchising.com/website.htm
Contact: Mr. Tommy Pipatjarasgit, Vice President
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
Established: 1983
First Franchise: 1991
Franchise Units: 12
Company-Owned Units: 10
Total Units: 22
Distribution:
U.S. -- 20;
Canada -- 0;
International -- 2
-North America -- Operations in 5 States
-States/Provinces with Greatest Density: 7 in OH, 3 in MI
Projected New Units Over Next 12 months: 2
Franchisee Qualifications: 3, 2, 2, 2, 2, 4
(Click here for an explanation)
Registered in Following Registration States: FL,IL,IN,MD,MI,VA (Click here for an explanation)
Average Number of Employees: 2 FT, 8 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,600 SF; FS
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $50K
Total Investment: $95-150K
Average Total Investment: $122.5K
Minimum Net Worth: $100K
Fees:
-Franchise: $12.5K
-Average Franchise Fee: $12.5K
-Royalty: 5%
-Average Royalty: 5.0%
-Advertising: 3%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements: Yes
Sub-Franchising Contracts: Yes
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: No
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 7
On-Going Support: C,D,E,F,H,I (Click here for an explanation)
Training: 3-4 Weeks Toledo, OH.
Franchisor's Specific Expansion Plans
U.S.: Midwest
Canada: No
Overseas: Saudi Arabia, Mexico
Note: NR = No Response by Franchisor.
Click here for a sample questionnaire.
New
Search: Alphabetical
| Industry
Type |
Average
Total Investment | Average
Franchise Fee | Total
Units |
|