Start-Up Costs and Fees |
||
| Rice King | Manchu Wok | |
| Investment | 173500 - 395000 | 476050 - 787500 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% | |
| Advertising Fee | 1% | |
| Year Founded | 1982 | 1981 |
| Year Franchised | 1996 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rice King | Manchu Wok | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Rice King | Manchu Wok | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Rice King | 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 | 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 |
||
| Rice King | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Rice King | |
| Manchu Wok | |
| Franchise Fee | |
| Rice King | |
| Manchu Wok | |
| Royalty Fee | |
| Rice King | |
| Manchu Wok | 7% |
| Advertising Fee | |
| Rice King | |
| Manchu Wok | 1% |
| Year Founded | |
| Rice King | 1982 |
| Manchu Wok | 1981 |
| Year Franchised | |
| Rice King | 1996 |
| Manchu Wok | 1989 |
| Term Of Agreement | |
| Rice King | |
| Manchu Wok | 5 years |
| Renewal Fee | |
| Rice King | |
| Manchu Wok | $3K per year |
Business Experience Requirements |
|
| Experience | |
| Rice King | |
| Manchu Wok | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Rice King | |
| Manchu Wok | |
| Start-up Costs | |
| Rice King | |
| Manchu Wok | |
| Equipment | |
| Rice King} | |
| Manchu Wok | |
| Inventory | |
| Rice King | |
| Manchu Wok | |
| Receivables | |
| Rice King | |
| Manchu Wok | |
| Payroll | |
| Rice King | |
| Manchu Wok | |
Training & Support |
|
| Training | |
| Rice King | |
| Manchu Wok | |
| Support | |
| Rice King | |
| Manchu Wok | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Rice King | |
| Manchu Wok | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Rice King | |
| 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 | |
| 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 |
| Manchu Wok | |
| Canada Expansion | |
| Rice King | |
| Manchu Wok | |
| International Expansion | |
| Rice King | |
| Manchu Wok | |