Start-Up Costs and Fees |
||
| Mikes Restaurants | Fazoli's | |
| Investment | 650000 - 695000 | 800200 - 1752818 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3%Nat'l+1.5%Local | 4% |
| Year Founded | 1967 | 1988 |
| Year Franchised | 1968 | 1991 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mikes Restaurants | Fazoli's | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Mikes Restaurants | Fazoli's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Mikes Restaurants | Fazoli's | |
| Training | On-The-Job Training: 90-100 hours Classroom Training: 16 hours Additional Training: Programs on variety of topics | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | |
| Operations | 86% of all franchisees own more than one unit Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Mikes Restaurants | Fazoli's | |
| US Expansion | 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 |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Mikes Restaurants | |
| Fazoli's | |
| Franchise Fee | |
| Mikes Restaurants | |
| Fazoli's | |
| Royalty Fee | |
| Mikes Restaurants | 5% |
| Fazoli's | 5% |
| Advertising Fee | |
| Mikes Restaurants | 3%Nat'l+1.5%Local |
| Fazoli's | 4% |
| Year Founded | |
| Mikes Restaurants | 1967 |
| Fazoli's | 1988 |
| Year Franchised | |
| Mikes Restaurants | 1968 |
| Fazoli's | 1991 |
| Term Of Agreement | |
| Mikes Restaurants | |
| Fazoli's | 15 years |
| Renewal Fee | |
| Mikes Restaurants | |
| Fazoli's | 30% of current fee for 5 years |
Business Experience Requirements |
|
| Experience | |
| Mikes Restaurants | |
| Fazoli's | Industry experience General business experience |
Financing Options |
|
| Franchise Fees | |
| Mikes Restaurants | |
| Fazoli's | |
| Start-up Costs | |
| Mikes Restaurants | |
| Fazoli's | |
| Equipment | |
| Mikes Restaurants} | |
| Fazoli's | |
| Inventory | |
| Mikes Restaurants | |
| Fazoli's | |
| Receivables | |
| Mikes Restaurants | |
| Fazoli's | |
| Payroll | |
| Mikes Restaurants | |
| Fazoli's | |
Training & Support |
|
| Training | |
| Mikes Restaurants | |
| Fazoli's | On-The-Job Training: 90-100 hours Classroom Training: 16 hours Additional Training: Programs on variety of topics |
| Support | |
| Mikes Restaurants | |
| Fazoli's | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | |
| Mikes Restaurants | |
| Fazoli's | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | |
| Mikes Restaurants | |
| Fazoli's | 86% of all franchisees own more than one unit Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Mikes Restaurants | |
| Fazoli's | 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 | |
| Mikes Restaurants | |
| Fazoli's | |
| International Expansion | |
| Mikes Restaurants | |
| Fazoli's | |