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Updated RecentlyFigaro's Pizza vs Mikes Restaurants Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Figaro's Pizza vs Mikes Restaurants including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $86,500 - $549,000 | $650,000 - $695,000 |
| Franchise Fee | $39,000 | $45,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | 3%Nat'l+1.5%Local |
| Year Founded | 1981 | 1967 |
| Year Franchised | 1986 | 1968 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | On-The-Job Training: 59 hours Classroom Training: 55 hours Additional Training: At headquarters & in the field | - |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development | - |
| Operations |
61% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 - 13
Absentee ownership of franchise is allowed. (39% of current franchisees are owner/operators)
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Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Figaro's Pizza
Founded in 1981, Figaro's sells ready-to-eat as well as take-and-bake pizzas. Dick Bunge and partners purchased Figaro's in 1986, after seeing promise in the unique "We Bake or You Bake" concept. Franchisees may operate carry-out, dine-in or delivery store models.
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#45 on Franchise Rankings.com
About Mikes Restaurants
Mikes Restaurants is known for its hot submarines, generous pizzas,
delicious pasta dishes and original Duettos. We are also in the
"breakfast” niche since 1992 with our breakfast pizzas and flavourful
countrysides.Since the first Toujours Mikes restaurant’s opening in
1967, we are part of Quebecer’s daily life. In an era where everything
moves in fast forward, Mikes Restaurants offers reassuring landmarks with
its classic dishes, which are always delicious.
Mikes Restaurants is a neighborhood casual mid-scale restaurant concept specializing in Pizzas, Saute Pastas and hot Italian sandwiches 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.