Manchu Wok

Manchu Wok

Chinese food
Units as of 2020
N/A Yearly Data not available
2020 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$441K - $714K

Company Overview

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.

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About Manchu Wok

Industry
Food
Founded
1981
Leadership
Stanley Ma, CEO
Ticker Symbol
MTY

Franchising Overview

Franchising Since
1989 (32 years)
# of employees at HQ
227
Where seeking
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada

Franchisor Information

Social
Twitter Facebook
Corporate Address
9311 E. Via De Ventura
Scottsdale, AZ 85258

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Manchu Wok franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$30,000 - $30,000
Initial Investment
$441,050 - $713,500
Net Worth Requirement
$380,000
Cash Requirement
$150,000 - $200,000
Royalty Fee
7%
Ad Royalty Fee
1%
Term of Agreement
10
Is franchise term renewable?
Yes

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Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
120 hours
Classroom Training
40 hours
Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
# of employees required to run
12
Are exclusive territories available?
No

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Franchise 500 Ranking History

Compare where Manchu Wok landed on this year’s Franchise 500 Ranking versus previous years.

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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 23rd, 2020
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