Sunday
May302010
Mikes Restaurants Franchise
Restaurant
Mikes Restaurants is a neighborhood casual mid-scale restaurant concept specializing in Pizzas, Saute Pastas and hot Italian sandwhiches and subs. We serve breakfast, lunch and dinner and provide a resto-bar area. Our corporate mantra is 'Always close to you' and convey that culture in everything we do, from grand openings to ongoing support.
Start-up Costs & Franchises Fees
What is the total cost to open a Mikes Restaurants Franchises?
Total Cost: $650,000 USD -$900,000 USD
Total Franchise Fees: $45,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees: 2%
Contact Information for Mikes Restaurants
|
Imvescor Restaurants Inc. |
Phone Number: 514 341-5544 poste 280 |
Mikes Restaurants In the Press
No results at this time.Historical Expansion
In what year did Mikes Restaurants begin operations? 1967
When did Mikes Restaurants begin selling franchises? 1968
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes