Start-Up Costs and Fees |
||
| Rice King | Magic Wok | |
| Investment | 173500 - 395000 | 95000 - 150000 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3% | |
| Year Founded | 1982 | 1983 |
| Year Franchised | 1996 | 1991 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rice King | Magic Wok | |
| Experience | ||
Financing Options |
||
| Rice King | Magic Wok | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Rice King | Magic Wok | |
| Training | Toledo, OH 3-4 Weeks | |
| Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | |
| Marketing | ||
| Operations | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | |
Expansion Plans |
||
| Rice King | 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 | |
| Rice King | |
| Magic Wok | |
| Franchise Fee | |
| Rice King | |
| Magic Wok | |
| Royalty Fee | |
| Rice King | |
| Magic Wok | 5% |
| Advertising Fee | |
| Rice King | |
| Magic Wok | 3% |
| Year Founded | |
| Rice King | 1982 |
| Magic Wok | 1983 |
| Year Franchised | |
| Rice King | 1996 |
| Magic Wok | 1991 |
| Term Of Agreement | |
| Rice King | |
| Magic Wok | 10 years +10 |
| Renewal Fee | |
| Rice King | |
| Magic Wok | |
Business Experience Requirements |
|
| Experience | |
| Rice King | |
| Magic Wok | |
Financing Options |
|
| Franchise Fees | |
| Rice King | |
| Magic Wok | |
| Start-up Costs | |
| Rice King | |
| Magic Wok | |
| Equipment | |
| Rice King} | |
| Magic Wok | |
| Inventory | |
| Rice King | |
| Magic Wok | |
| Receivables | |
| Rice King | |
| Magic Wok | |
| Payroll | |
| Rice King | |
| Magic Wok | |
Training & Support |
|
| Training | |
| Rice King | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Support | |
| Rice King | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | |
| Rice King | |
| Magic Wok | |
| Operations | |
| Rice King | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
|
| US Expansion | |
| Rice King | 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 | |
| Rice King | |
| Magic Wok | |
| International Expansion | |
| Rice King | |
| Magic Wok | Mexico, Saudi Arabia |