URBAN WOK
Urban Wok is a fast-casual restaurant franchise offering build-your-own global fusion stir-fry bowls made to order, along with appetizers, in modern urban environments under the Urban Wok trademarks. Franchises operate from 1,600-2,000 square foot locations typically in high-traffic areas such as shopping malls, retail strips, centers, universities, or urban storefronts, using proprietary recipes, designs, and operating standards. The target market is the general public seeking fresh, customizable quick-service meals in a competitive fast-casual dining segment.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
7% royalty + 1% brand fund + $250/mo technology + $950/mo POS/software fees
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: Data based on one affiliate-owned outlet located in St. Paul, Minnesota, open for full years 2021, 2022, and 2023.
* Average gross revenue calculated from the sum of gross sales for 2021, 2022, and 2023 for the single corporate-owned unit, divided by 3 years. Estimated profit range (best_guess_profit_low and best_guess_profit_high) calculated by subtracting COGS, Labor, a 7% Royalty Fee, and a Brand Fund Contribution Fee (0% for high estimate, 2% for low estimate) from gross sales for each year, then averaging these estimated annual profits over 3 years.
Extracted Item 19 Section
How URBAN WOK Compares to Other Fast Casual Franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
URBAN WOK Current | $335K - $682K | $40K | 7.0% | 7 |
| Tropical Smoothie Cafe | $300K - $721K | $35K | 6.0% | 1,371 |
| TROPICAL SMOOTHIE CAFÉ | $300K - $721K | $35K | 6.0% | 1,371 |
| FIREHOUSE SUBS RESTAURANTS (UNIT) | $379K - $1.4M | $20K | 6.0% | 1,248 |
| Zaxby's | $1.4M - $3.8M | $35K | 6.0% | 826 |
| Qdoba | $548K - $1.3M | $40K | 5.0% | 652 |
Fast Casual Average 107 franchises | $532K - $1.2M | $39K | 5.6% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 107 Fast Casual franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for URBAN WOK franchisees (2022 - 2024)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a URBAN WOK franchise?
The total initial investment to open a URBAN WOK franchise ranges from $334,500 to $682,000. This includes a franchise fee of $40,000. Ongoing royalty fees are 7.0% of gross sales.
How much revenue does a URBAN WOK franchise make?
According to the 2024 FDD, the average gross revenue for a URBAN WOK franchise is $698,264.
How much profit can you make with a URBAN WOK franchise?
Based on the financial performance data in the FDD, estimated profit for a URBAN WOK franchise ranges from $367,801.91 to $381,767.19 per year. Actual results vary based on location, management, and market conditions.
How many URBAN WOK franchise locations are there?
As of the 2024 FDD, URBAN WOK has 7 franchise locations. The company has been franchising since 2021.
Can you get an SBA loan for a URBAN WOK franchise?
Yes, SBA loans are available for URBAN WOK franchises. Historical data shows 4 SBA 7(a) loans have been approved for URBAN WOK franchisees, with an average loan amount of $314,975. The historical default rate is 0.0%.
Is URBAN WOK a good franchise to buy?
URBAN WOK shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in URBAN WOK?
Talk to a franchise advisor to get personalized guidance and learn if URBAN WOK is the right fit for you.
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