Start-Up Costs and Fees |
||
| CRAVE | Manchu Wok | |
| Investment | 157900 - 453500 | 476050 - 787500 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 7% |
| Advertising Fee | 2% | 1% |
| Year Founded | 2018 | 1981 |
| Year Franchised | 2018 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| CRAVE | Manchu Wok | |
| Experience | $100,000 Liquid Capital | Industry experience General business experience Marketing skills |
Financing Options |
||
| CRAVE | Manchu Wok | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| CRAVE | Manchu Wok | |
| Training | Ongoing Training Programs | |
| Support | Real Estate Assistance Marketing Assistance Operational Support Systems in Place | 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 |
||
| CRAVE | Manchu Wok | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| CRAVE | |
| Manchu Wok | |
| Franchise Fee | |
| CRAVE | |
| Manchu Wok | |
| Royalty Fee | |
| CRAVE | 6% |
| Manchu Wok | 7% |
| Advertising Fee | |
| CRAVE | 2% |
| Manchu Wok | 1% |
| Year Founded | |
| CRAVE | 2018 |
| Manchu Wok | 1981 |
| Year Franchised | |
| CRAVE | 2018 |
| Manchu Wok | 1989 |
| Term Of Agreement | |
| CRAVE | |
| Manchu Wok | 5 years |
| Renewal Fee | |
| CRAVE | |
| Manchu Wok | $3K per year |
Business Experience Requirements |
|
| Experience | |
| CRAVE | $100,000 Liquid Capital |
| Manchu Wok | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| CRAVE | |
| Manchu Wok | |
| Start-up Costs | |
| CRAVE | |
| Manchu Wok | |
| Equipment | |
| CRAVE} | |
| Manchu Wok | |
| Inventory | |
| CRAVE | |
| Manchu Wok | |
| Receivables | |
| CRAVE | |
| Manchu Wok | |
| Payroll | |
| CRAVE | |
| Manchu Wok | |
Training & Support |
|
| Training | |
| CRAVE | Ongoing Training Programs |
| Manchu Wok | |
| Support | |
| CRAVE | Real Estate Assistance Marketing Assistance Operational Support Systems in Place |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| CRAVE | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| CRAVE | |
| 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 | |
| CRAVE | |
| Manchu Wok | |
| Canada Expansion | |
| CRAVE | |
| Manchu Wok | |
| International Expansion | |
| CRAVE | |
| Manchu Wok | |