Start-Up Costs and Fees |
||
| Binghamton Hots | Manchu Wok | |
| Investment | 122850 - 213450 | 476050 - 787500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 7% |
| Advertising Fee | 2% | 1% |
| Year Founded | 0 | 1981 |
| Year Franchised | 0 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Binghamton Hots | Manchu Wok | |
| Experience | Some familiarity with restaurant operations is helpful, but it s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. | Industry experience General business experience Marketing skills |
Financing Options |
||
| Binghamton Hots | Manchu Wok | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Binghamton Hots | Manchu Wok | |
| Training | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions | |
| Support | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Binghamton Hots | Manchu Wok | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Binghamton Hots | |
| Manchu Wok | |
| Franchise Fee | |
| Binghamton Hots | |
| Manchu Wok | |
| Royalty Fee | |
| Binghamton Hots | 5% |
| Manchu Wok | 7% |
| Advertising Fee | |
| Binghamton Hots | 2% |
| Manchu Wok | 1% |
| Year Founded | |
| Binghamton Hots | 0 |
| Manchu Wok | 1981 |
| Year Franchised | |
| Binghamton Hots | 0 |
| Manchu Wok | 1989 |
| Term Of Agreement | |
| Binghamton Hots | 10 years +5+5 |
| Manchu Wok | 5 years |
| Renewal Fee | |
| Binghamton Hots | |
| Manchu Wok | $3K per year |
Business Experience Requirements |
|
| Experience | |
| Binghamton Hots | Some familiarity with restaurant operations is helpful, but it s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. |
| Manchu Wok | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Binghamton Hots | No |
| Manchu Wok | No |
| Start-up Costs | |
| Binghamton Hots | |
| Manchu Wok | |
| Equipment | |
| Binghamton Hots} | |
| Manchu Wok | |
| Inventory | |
| Binghamton Hots | |
| Manchu Wok | |
| Receivables | |
| Binghamton Hots | |
| Manchu Wok | |
| Payroll | |
| Binghamton Hots | |
| Manchu Wok | |
Training & Support |
|
| Training | |
| Binghamton Hots | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Manchu Wok | |
| Support | |
| Binghamton Hots | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Binghamton Hots | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Binghamton Hots | |
| Manchu Wok | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Binghamton Hots | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Manchu Wok | |
| Canada Expansion | |
| Binghamton Hots | |
| Manchu Wok | |
| International Expansion | |
| Binghamton Hots | |
| Manchu Wok | |