Start-Up Costs and Fees |
||
| Mr. Hero | Manchu Wok | |
| Investment | 113000 - 305000 | 476050 - 787500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5.50% | 7% |
| Advertising Fee | 1% | |
| Year Founded | 1965 | 1981 |
| Year Franchised | 1970 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mr. Hero | Manchu Wok | |
| Experience | Industry experience General business experience Marketing skills | Industry experience General business experience Marketing skills |
Financing Options |
||
| Mr. Hero | 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 |
||
| Mr. Hero | Manchu Wok | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | 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 | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | 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 |
||
| Mr. Hero | Manchu Wok | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Mr. Hero | |
| Manchu Wok | |
| Franchise Fee | |
| Mr. Hero | |
| Manchu Wok | |
| Royalty Fee | |
| Mr. Hero | 5.50% |
| Manchu Wok | 7% |
| Advertising Fee | |
| Mr. Hero | |
| Manchu Wok | 1% |
| Year Founded | |
| Mr. Hero | 1965 |
| Manchu Wok | 1981 |
| Year Franchised | |
| Mr. Hero | 1970 |
| Manchu Wok | 1989 |
| Term Of Agreement | |
| Mr. Hero | 10 years |
| Manchu Wok | 5 years |
| Renewal Fee | |
| Mr. Hero | |
| Manchu Wok | $3K per year |
Business Experience Requirements |
|
| Experience | |
| Mr. Hero | Industry experience General business experience Marketing skills |
| Manchu Wok | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Mr. Hero | No |
| Manchu Wok | No |
| Start-up Costs | |
| Mr. Hero | |
| Manchu Wok | |
| Equipment | |
| Mr. Hero} | |
| Manchu Wok | |
| Inventory | |
| Mr. Hero | |
| Manchu Wok | |
| Receivables | |
| Mr. Hero | |
| Manchu Wok | |
| Payroll | |
| Mr. Hero | |
| Manchu Wok | |
Training & Support |
|
| Training | |
| Mr. Hero | |
| Manchu Wok | |
| Support | |
| Mr. Hero | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Mr. Hero | Co-op advertising, Ad slicks, National media, Regional advertising |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Mr. Hero | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
| 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 | |
| Mr. Hero | |
| Manchu Wok | |
| Canada Expansion | |
| Mr. Hero | |
| Manchu Wok | |
| International Expansion | |
| Mr. Hero | |
| Manchu Wok | |