Start-Up Costs and Fees |
||
| Magic Wok | Gyu-Kaku Japanese BBQ Restaurant | |
| Investment | 95000 - 150000 | 785281 - 2120001 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | 1.50% |
| Year Founded | 1983 | 1996 |
| Year Franchised | 1991 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Magic Wok | Gyu-Kaku Japanese BBQ Restaurant | |
| Experience | ||
Financing Options |
||
| Magic Wok | Gyu-Kaku Japanese BBQ Restaurant | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Magic Wok | Gyu-Kaku Japanese BBQ Restaurant | |
| Training | Toledo, OH 3-4 Weeks | Classroom training: 46 hours Additional training: At the restaurant |
| Support | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | Purchasing, Co-ops, Newsletter, Meetings/Conventions, Grand Opening, Security/Safety Procedures, Site Selection |
| Marketing | Co-op Advertising, Regional Advertising, Social media, Website development, Email marketing, Loyalty program/app | |
| Operations | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | Number of employees required to run: 20 |
Expansion Plans |
||
| Magic Wok | Gyu-Kaku Japanese BBQ Restaurant | |
| US Expansion | Florida, Illinois, Indiana, Maryland, Michigan, Virginia | 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 | Mexico, Saudi Arabia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Franchise Fee | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Royalty Fee | |
| Magic Wok | 5% |
| Gyu-Kaku Japanese BBQ Restaurant | 5% |
| Advertising Fee | |
| Magic Wok | 3% |
| Gyu-Kaku Japanese BBQ Restaurant | 1.50% |
| Year Founded | |
| Magic Wok | 1983 |
| Gyu-Kaku Japanese BBQ Restaurant | 1996 |
| Year Franchised | |
| Magic Wok | 1991 |
| Gyu-Kaku Japanese BBQ Restaurant | 1997 |
| Term Of Agreement | |
| Magic Wok | 10 years +10 |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Renewal Fee | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
Business Experience Requirements |
|
| Experience | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
Financing Options |
|
| Franchise Fees | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Start-up Costs | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Equipment | |
| Magic Wok} | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Inventory | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Receivables | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| Payroll | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
Training & Support |
|
| Training | |
| Magic Wok | Toledo, OH 3-4 Weeks |
| Gyu-Kaku Japanese BBQ Restaurant | Classroom training: 46 hours Additional training: At the restaurant |
| Support | |
| Magic Wok | Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Gyu-Kaku Japanese BBQ Restaurant | Purchasing, Co-ops, Newsletter, Meetings/Conventions, Grand Opening, Security/Safety Procedures, Site Selection |
| Marketing | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | Co-op Advertising, Regional Advertising, Social media, Website development, Email marketing, Loyalty program/app |
| Operations | |
| Magic Wok | Average Number of Employees: 2 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Gyu-Kaku Japanese BBQ Restaurant | Number of employees required to run: 20 |
Expansion Plans |
|
| US Expansion | |
| Magic Wok | Florida, Illinois, Indiana, Maryland, Michigan, Virginia |
| Gyu-Kaku Japanese BBQ Restaurant | 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 | |
| Magic Wok | |
| Gyu-Kaku Japanese BBQ Restaurant | |
| International Expansion | |
| Magic Wok | Mexico, Saudi Arabia |
| Gyu-Kaku Japanese BBQ Restaurant | |