Start-Up Costs and Fees |
||
| Mega Wraps | Manchu Wok | |
| Investment | 189000 - 189000 | 476050 - 787500 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 7% |
| Advertising Fee | 2% | 1% |
| Year Founded | 1998 | 1981 |
| Year Franchised | 1999 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mega Wraps | Manchu Wok | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Mega Wraps | Manchu Wok | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Mega Wraps | Manchu Wok | |
| Training | ||
| Support | 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 | Average Number of Employees: 2 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged | 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 |
||
| Mega Wraps | 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Mega Wraps | |
| Manchu Wok | |
| Franchise Fee | |
| Mega Wraps | |
| Manchu Wok | |
| Royalty Fee | |
| Mega Wraps | 6% |
| Manchu Wok | 7% |
| Advertising Fee | |
| Mega Wraps | 2% |
| Manchu Wok | 1% |
| Year Founded | |
| Mega Wraps | 1998 |
| Manchu Wok | 1981 |
| Year Franchised | |
| Mega Wraps | 1999 |
| Manchu Wok | 1989 |
| Term Of Agreement | |
| Mega Wraps | 5 Years +5 |
| Manchu Wok | 5 years |
| Renewal Fee | |
| Mega Wraps | |
| Manchu Wok | $3K per year |
Business Experience Requirements |
|
| Experience | |
| Mega Wraps | |
| Manchu Wok | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Mega Wraps | |
| Manchu Wok | |
| Start-up Costs | |
| Mega Wraps | |
| Manchu Wok | |
| Equipment | |
| Mega Wraps} | |
| Manchu Wok | |
| Inventory | |
| Mega Wraps | |
| Manchu Wok | |
| Receivables | |
| Mega Wraps | |
| Manchu Wok | |
| Payroll | |
| Mega Wraps | |
| Manchu Wok | |
Training & Support |
|
| Training | |
| Mega Wraps | |
| Manchu Wok | |
| Support | |
| Mega Wraps | |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Mega Wraps | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Mega Wraps | Average Number of Employees: 2 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged |
| 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 | |
| Mega Wraps | 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 | |
| Mega Wraps | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Manchu Wok | |
| International Expansion | |
| Mega Wraps | |
| Manchu Wok | |