Start-Up Costs and Fees |
||
| Wok Box | HuHot Mongolian Grill | |
| Investment | 350000 - 425000 | 984000 - 1219000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 3% | 0.50% |
| Year Founded | 2004 | 1999 |
| Year Franchised | 2005 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Wok Box | HuHot Mongolian Grill | |
| Experience | # Have a proven track record of business ownership & restaurant ownership that can contribute to the development of our brand # Have local knowledge and expertise in the areas of consumer preferences, real estate, government regulations, labor, and distribution issues in the area in which you'll be franchising # Have access to adequate capital # Philosophically aligned | |
Financing Options |
||
| Wok Box | HuHot Mongolian Grill | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Wok Box | HuHot Mongolian Grill | |
| Training | Prior to the opening of your Wok Box Fresh Asian Kitchen, Wok Box will provide the franchisee with extensive training in one of our corporate stores and at our Head Office. During this training the franchisee will learn all the hands on aspects of preparing each dish, how to make orders to minimize product waste, the industry secrets to operating a successful restaurant, how to utilize the Point of Sale systems and most importantly allow the franchisee to become an integral part of the Wok Box team. | |
| Support | Wok Box regional Operations Managers and Master Developers will be in constant contact with all franchisees to ensure that the Wok Box product is being prepared consistently across the markets. These key people will provide Franchisees advice on how to improve their operations and ultimately will aid all Wok Box Fresh Asian Kitchens to succeed. | Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Each Wok Box Franchise contributes 3% of their gross sales to an advertising fund that will be used by Wok Box to maximize the exposure of the brand and products. Wok Box's Executive team has a wealth of knowledge for franchisees on how to best advertise and market their stores and will provide each store advice on how to promote their store in their individual market. | Co-op advertising, Ad slicks, Regional advertising |
| Operations | A Franchisee who purchases a Wok Box Franchise does not have to personally operate the Wok Box restaurant. However, there must be a full time Manager who has satisfactorily completed the training course provided by Wok Box and is involved in the operations or overseeing of the restaurant. Wok Box does not want to jeopardize the brand by having untrained or inexperienced personnel operating the stores. It is critical to note that to a large part the success of a Wok Box franchise depends on the enthusiasm, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore Wok Box strongly recommends that Franchisees be actively involved on a day-to-day basis in their restaurant. It will also provide a better support network if Franchisees have questions for management at Wok Box headquarters. | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 50 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
||
| Wok Box | HuHot Mongolian Grill | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Wok Box | |
| HuHot Mongolian Grill | |
| Franchise Fee | |
| Wok Box | |
| HuHot Mongolian Grill | |
| Royalty Fee | |
| Wok Box | 6% |
| HuHot Mongolian Grill | 5% |
| Advertising Fee | |
| Wok Box | 3% |
| HuHot Mongolian Grill | 0.50% |
| Year Founded | |
| Wok Box | 2004 |
| HuHot Mongolian Grill | 1999 |
| Year Franchised | |
| Wok Box | 2005 |
| HuHot Mongolian Grill | 2001 |
| Term Of Agreement | |
| Wok Box | |
| HuHot Mongolian Grill | 15 years |
| Renewal Fee | |
| Wok Box | |
| HuHot Mongolian Grill | |
Business Experience Requirements |
|
| Experience | |
| Wok Box | |
| HuHot Mongolian Grill | # Have a proven track record of business ownership & restaurant ownership that can contribute to the development of our brand # Have local knowledge and expertise in the areas of consumer preferences, real estate, government regulations, labor, and distribution issues in the area in which you'll be franchising # Have access to adequate capital # Philosophically aligned |
Financing Options |
|
| Franchise Fees | |
| Wok Box | |
| HuHot Mongolian Grill | |
| Start-up Costs | |
| Wok Box | |
| HuHot Mongolian Grill | |
| Equipment | |
| Wok Box} | |
| HuHot Mongolian Grill | |
| Inventory | |
| Wok Box | |
| HuHot Mongolian Grill | |
| Receivables | |
| Wok Box | |
| HuHot Mongolian Grill | |
| Payroll | |
| Wok Box | |
| HuHot Mongolian Grill | |
Training & Support |
|
| Training | |
| Wok Box | Prior to the opening of your Wok Box Fresh Asian Kitchen, Wok Box will provide the franchisee with extensive training in one of our corporate stores and at our Head Office. During this training the franchisee will learn all the hands on aspects of preparing each dish, how to make orders to minimize product waste, the industry secrets to operating a successful restaurant, how to utilize the Point of Sale systems and most importantly allow the franchisee to become an integral part of the Wok Box team. |
| HuHot Mongolian Grill | |
| Support | |
| Wok Box | Wok Box regional Operations Managers and Master Developers will be in constant contact with all franchisees to ensure that the Wok Box product is being prepared consistently across the markets. These key people will provide Franchisees advice on how to improve their operations and ultimately will aid all Wok Box Fresh Asian Kitchens to succeed. |
| HuHot Mongolian Grill | Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Wok Box | Each Wok Box Franchise contributes 3% of their gross sales to an advertising fund that will be used by Wok Box to maximize the exposure of the brand and products. Wok Box's Executive team has a wealth of knowledge for franchisees on how to best advertise and market their stores and will provide each store advice on how to promote their store in their individual market. |
| HuHot Mongolian Grill | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Wok Box | A Franchisee who purchases a Wok Box Franchise does not have to personally operate the Wok Box restaurant. However, there must be a full time Manager who has satisfactorily completed the training course provided by Wok Box and is involved in the operations or overseeing of the restaurant. Wok Box does not want to jeopardize the brand by having untrained or inexperienced personnel operating the stores. It is critical to note that to a large part the success of a Wok Box franchise depends on the enthusiasm, work ethic, attitude, and entrepreneurial skills of the Franchisee. Therefore Wok Box strongly recommends that Franchisees be actively involved on a day-to-day basis in their restaurant. It will also provide a better support network if Franchisees have questions for management at Wok Box headquarters. |
| HuHot Mongolian Grill | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 50 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Wok Box | |
| HuHot Mongolian Grill | |
| Canada Expansion | |
| Wok Box | |
| HuHot Mongolian Grill | |
| International Expansion | |
| Wok Box | |
| HuHot Mongolian Grill | |