Start-Up Costs and Fees |
||
| Petro's Chili & Chips | Manchu Wok | |
| Investment | 75000 - 324950 | 476050 - 787500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 7% |
| Advertising Fee | 4% local+1% Nat'l | 1% |
| Year Founded | 0 | 1981 |
| Year Franchised | 0 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Petro's Chili & Chips | Manchu Wok | |
| Experience | While it does help to have prior food or restaurant experience, Petros does not require it. We have franchisees from all walks of life. What is most important to us is that we have franchisees with a willingness to work hard and a passion for their business. | Industry experience General business experience Marketing skills |
Financing Options |
||
| Petro's Chili & Chips | Manchu Wok | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Petro's Chili & Chips | Manchu Wok | |
| Training | Prior to your restaurant opening, we will furnish initial training on the operation of a Petros Chili & Chips restaurant. The training lasts three weeks: consisting both of classroom content and in-restaurant developmental activities. We require that two people attend training prior to the store opening. | |
| 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 | 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 |
||
| Petro's Chili & Chips | Manchu Wok | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Petro's Chili & Chips | |
| Manchu Wok | |
| Franchise Fee | |
| Petro's Chili & Chips | |
| Manchu Wok | |
| Royalty Fee | |
| Petro's Chili & Chips | 5% |
| Manchu Wok | 7% |
| Advertising Fee | |
| Petro's Chili & Chips | 4% local+1% Nat'l |
| Manchu Wok | 1% |
| Year Founded | |
| Petro's Chili & Chips | 0 |
| Manchu Wok | 1981 |
| Year Franchised | |
| Petro's Chili & Chips | 0 |
| Manchu Wok | 1989 |
| Term Of Agreement | |
| Petro's Chili & Chips | |
| Manchu Wok | 5 years |
| Renewal Fee | |
| Petro's Chili & Chips | |
| Manchu Wok | $3K per year |
Business Experience Requirements |
|
| Experience | |
| Petro's Chili & Chips | While it does help to have prior food or restaurant experience, Petros does not require it. We have franchisees from all walks of life. What is most important to us is that we have franchisees with a willingness to work hard and a passion for their business. |
| Manchu Wok | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Petro's Chili & Chips | |
| Manchu Wok | |
| Start-up Costs | |
| Petro's Chili & Chips | |
| Manchu Wok | |
| Equipment | |
| Petro's Chili & Chips} | |
| Manchu Wok | |
| Inventory | |
| Petro's Chili & Chips | |
| Manchu Wok | |
| Receivables | |
| Petro's Chili & Chips | |
| Manchu Wok | |
| Payroll | |
| Petro's Chili & Chips | |
| Manchu Wok | |
Training & Support |
|
| Training | |
| Petro's Chili & Chips | Prior to your restaurant opening, we will furnish initial training on the operation of a Petros Chili & Chips restaurant. The training lasts three weeks: consisting both of classroom content and in-restaurant developmental activities. We require that two people attend training prior to the store opening. |
| Manchu Wok | |
| Support | |
| Petro's Chili & Chips | |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Petro's Chili & Chips | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Petro's Chili & Chips | |
| 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 | |
| Petro's Chili & Chips | |
| Manchu Wok | |
| Canada Expansion | |
| Petro's Chili & Chips | |
| Manchu Wok | |
| International Expansion | |
| Petro's Chili & Chips | |
| Manchu Wok | |