Start-Up Costs and Fees |
||
| Virginia Barbeque | Mr. Mike's Steakhouse & Bar | |
| Investment | 81500 - 221500 | 600000 - 1200000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | |
| Advertising Fee | ||
| Year Founded | 2000 | 1960 |
| Year Franchised | 2004 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Virginia Barbeque | Mr. Mike's Steakhouse & Bar | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Virginia Barbeque | Mr. Mike's Steakhouse & Bar | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Virginia Barbeque | Mr. Mike's Steakhouse & Bar | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Regional advertising | |
| Operations | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 6 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Virginia Barbeque | Mr. Mike's Steakhouse & Bar | |
| US Expansion | North East, South East, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
| Franchise Fee | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
| Royalty Fee | |
| Virginia Barbeque | 6% |
| Mr. Mike's Steakhouse & Bar | |
| Advertising Fee | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
| Year Founded | |
| Virginia Barbeque | 2000 |
| Mr. Mike's Steakhouse & Bar | 1960 |
| Year Franchised | |
| Virginia Barbeque | 2004 |
| Mr. Mike's Steakhouse & Bar | 0 |
| Term Of Agreement | |
| Virginia Barbeque | 10 years |
| Mr. Mike's Steakhouse & Bar | |
| Renewal Fee | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
Business Experience Requirements |
|
| Experience | |
| Virginia Barbeque | Industry experience General business experience Marketing skills |
| Mr. Mike's Steakhouse & Bar | |
Financing Options |
|
| Franchise Fees | |
| Virginia Barbeque | Yes |
| Mr. Mike's Steakhouse & Bar | Yes |
| Start-up Costs | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
| Equipment | |
| Virginia Barbeque} | |
| Mr. Mike's Steakhouse & Bar | |
| Inventory | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
| Receivables | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
| Payroll | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
Training & Support |
|
| Training | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
| Support | |
| Virginia Barbeque | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Mr. Mike's Steakhouse & Bar | |
| Marketing | |
| Virginia Barbeque | Co-op advertising, Regional advertising |
| Mr. Mike's Steakhouse & Bar | |
| Operations | |
| Virginia Barbeque | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 6 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
| Mr. Mike's Steakhouse & Bar | |
Expansion Plans |
|
| US Expansion | |
| Virginia Barbeque | North East, South East, |
| Mr. Mike's Steakhouse & Bar | |
| Canada Expansion | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |
| International Expansion | |
| Virginia Barbeque | |
| Mr. Mike's Steakhouse & Bar | |