Manchu Wok

Manchu Wok

Not Ranked

Initial Investment

LOW: $396,100
HIGH: $589,800

Change in Units

Promoted Opportunities

Company Profile

Founded

1981

Franchising Since

1989 (27 Years)

Corporate Address

85 Citizen Ct., #9 Markham, ON L6G 1A8

CEO

Kelvin Chen

Parent Company

Laidlaw Inc.

About Manchu Wok

Conceived and founded in 1980, Manchu Wok grew into a national chain across Canada and into the United States over the next nine years. Ownership changed in 1989, and expansion continued with a focus on the United States. Manchu Wok now has more than 185 stores, of which more than 70 percent are franchised.

Financials

Financial Requirements

Initial Investment

$396,100 - $589,800

Net-worth Requirement

$350,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

7%

Ad Royalty Fee

1%

Franchise 500® Rank History

  • 2007 - 281
  • 2013 - 464

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and Canada.

Operations & Franchisor Support

Training at headquarters: 3 weeks

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 12

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 11th, 2012

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