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Mikes Restaurants
8250 Decarie Blvd., # 310
Montreal, PQ H4P 2P5 CANADA
800#: (866) 34MIKES
Tel: (514) 341-5544
Fax: (514) 341-6236
E-Mail: [email protected]
Web Site: www.mikes.ca
Contact: Mr. Elki Imbeault, Consultant - Franchise/Develop
MIKES RESTAURANTS is a neighborhood, casual, mid-scale restaurant concept specializing in pizzas, sauteed pastas and hot Italian sandwiches and subs. We also serve breakfast and provide a resto-bar area. Our corporate mantra is 'always close to you' and we convey that culture in everything we do - from grand opening to on-going support.
Franchisor Background
Established: 1967
First Franchise: 1971
Franchise Units: 112
Company-Owned Units: 6
Total Units: 118
Distribution:
U.S. -- 0;
Canada -- 118;
International -- 0
-North America -- Operations in 5 Provinces
-States/Provinces with Greatest Density: 111 in PQ, 1 in ON, 1 in NB
Projected New Units Over Next 12 months: 20
Franchisee Qualifications: 3, 4, 3, 2, 3, 5
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
Average Number of Employees: 25 FT, 15 PT (FT = Full Time, PT = Part Time)
Space Needs: 4,500-6,000 SF; FS, SF
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $200-350K
Total Investment: $600-900K
Average Total Investment: $750.0K
Minimum Net Worth: $NR
Fees:
-Franchise: $45K
-Average Franchise Fee: $45.0K
-Royalty: 5%
-Average Royalty: 8.0%
-Advertising: 3%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 15/5/5
Passive Ownership: Discouraged
Area Development Agreements: Yes/15
Sub-Franchising Contracts: Yes
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: NR
Size Of Corporate Staff: 40
On-Going Support: A,B,C,D,E,F,G,h,I (Click here for an explanation)
Training: 6-8 Weeks Closest Operation - Montreal, PQ.
Franchisor's Specific Expansion Plans
U.S.: Nevada, Arizona, Utah
Canada: Ontario
Overseas: Optional
Note: NR = No Response by Franchisor.
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