Start-Up Costs and Fees |
||
| Damon's | Montana Mike's Steakhouse | |
| Investment | 1200000 - 3200000 | 439000 - 2700000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | ||
| Year Founded | 1979 | 1999 |
| Year Franchised | 1982 | 1999 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Damon's | Montana Mike's Steakhouse | |
| Experience | Industry experience | |
Financing Options |
||
| Damon's | Montana Mike's Steakhouse | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Damon's | Montana Mike's Steakhouse | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Damon's | Montana Mike's Steakhouse | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Damon's | |
| Montana Mike's Steakhouse | |
| Franchise Fee | |
| Damon's | |
| Montana Mike's Steakhouse | |
| Royalty Fee | |
| Damon's | 4% |
| Montana Mike's Steakhouse | |
| Advertising Fee | |
| Damon's | |
| Montana Mike's Steakhouse | |
| Year Founded | |
| Damon's | 1979 |
| Montana Mike's Steakhouse | 1999 |
| Year Franchised | |
| Damon's | 1982 |
| Montana Mike's Steakhouse | 1999 |
| Term Of Agreement | |
| Damon's | 10 years |
| Montana Mike's Steakhouse | |
| Renewal Fee | |
| Damon's | |
| Montana Mike's Steakhouse | |
Business Experience Requirements |
|
| Experience | |
| Damon's | Industry experience |
| Montana Mike's Steakhouse | |
Financing Options |
|
| Franchise Fees | |
| Damon's | No |
| Montana Mike's Steakhouse | No |
| Start-up Costs | |
| Damon's | |
| Montana Mike's Steakhouse | |
| Equipment | |
| Damon's} | |
| Montana Mike's Steakhouse | |
| Inventory | |
| Damon's | |
| Montana Mike's Steakhouse | |
| Receivables | |
| Damon's | |
| Montana Mike's Steakhouse | |
| Payroll | |
| Damon's | |
| Montana Mike's Steakhouse | |
Training & Support |
|
| Training | |
| Damon's | |
| Montana Mike's Steakhouse | |
| Support | |
| Damon's | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Montana Mike's Steakhouse | |
| Marketing | |
| Damon's | Co-op advertising, Ad slicks, Regional advertising |
| Montana Mike's Steakhouse | |
| Operations | |
| Damon's | Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
| Montana Mike's Steakhouse | |
Expansion Plans |
|
| US Expansion | |
| Damon's | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Montana Mike's Steakhouse | |
| Canada Expansion | |
| Damon's | |
| Montana Mike's Steakhouse | 0 |
| International Expansion | |
| Damon's | |
| Montana Mike's Steakhouse | |