Start-Up Costs and Fees |
||
| Gyu-Kaku Japanese BBQ Restaurant | Magic Wok | |
| Investment | 785281 - 2120001 | 95000 - 150000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 1.50% | 3% |
| Year Founded | 1996 | 1983 |
| Year Franchised | 1997 | 1991 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gyu-Kaku Japanese BBQ Restaurant | Magic Wok | |
| Experience | ||
Financing Options |
||
| Gyu-Kaku Japanese BBQ Restaurant | Magic Wok | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Gyu-Kaku Japanese BBQ Restaurant | Magic Wok | |
| Training | Classroom training: 46 hours Additional training: At the restaurant | Toledo, OH 3-4 Weeks |
| Support | Purchasing, Co-ops, Newsletter, Meetings/Conventions, Grand Opening, Security/Safety Procedures, Site Selection | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | Co-op Advertising, Regional Advertising, Social media, Website development, Email marketing, Loyalty program/app | |
| Operations | Number of employees required to run: 20 | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
| Gyu-Kaku Japanese BBQ Restaurant | Magic 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 | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Canada Expansion | ||
| International Expansion | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
| Franchise Fee | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
| Royalty Fee | |
| Gyu-Kaku Japanese BBQ Restaurant | 5% |
| Magic Wok | 5% |
| Advertising Fee | |
| Gyu-Kaku Japanese BBQ Restaurant | 1.50% |
| Magic Wok | 3% |
| Year Founded | |
| Gyu-Kaku Japanese BBQ Restaurant | 1996 |
| Magic Wok | 1983 |
| Year Franchised | |
| Gyu-Kaku Japanese BBQ Restaurant | 1997 |
| Magic Wok | 1991 |
| Term Of Agreement | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | 10 years +10 |
| Renewal Fee | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
Business Experience Requirements |
|
| Experience | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
Financing Options |
|
| Franchise Fees | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
| Start-up Costs | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
| Equipment | |
| Gyu-Kaku Japanese BBQ Restaurant} | |
| Magic Wok | |
| Inventory | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
| Receivables | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
| Payroll | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
Training & Support |
|
| Training | |
| Gyu-Kaku Japanese BBQ Restaurant | Classroom training: 46 hours Additional training: At the restaurant |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Support | |
| Gyu-Kaku Japanese BBQ Restaurant | Purchasing, Co-ops, Newsletter, Meetings/Conventions, Grand Opening, Security/Safety Procedures, Site Selection |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | |
| Gyu-Kaku Japanese BBQ Restaurant | Co-op Advertising, Regional Advertising, Social media, Website development, Email marketing, Loyalty program/app |
| Magic Wok | |
| Operations | |
| Gyu-Kaku Japanese BBQ Restaurant | Number of employees required to run: 20 |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
|
| US Expansion | |
| Gyu-Kaku Japanese BBQ Restaurant | 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 |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Canada Expansion | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | |
| International Expansion | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Magic Wok | Mexico, Saudi Arabia |