Mr. Mike's Steakhouse & Bar vs Bandana's Bar-B-Q Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mr. Mike's Steakhouse & Bar vs Bandana's Bar-B-Q including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Mr. Mike's Steakhouse & Bar Franchise
Bandana's Bar-B-Q Franchise
Investment $600,000 - $1,200,000$418,000 - $1,100,000
Franchise Fee $50,000$40,000
Royalty Fee -5%
Advertising Fee --
Year Founded 19601996
Year Franchised 02004
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee -50% of current franchise fee


Business Experience Requirements
 
Mr. Mike's Steakhouse & Bar Franchise
Bandana's Bar-B-Q Franchise
Experience --

Financing Options
 
Mr. Mike's Steakhouse & Bar Franchise
Bandana's Bar-B-Q Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Mr. Mike's Steakhouse & Bar Franchise
Bandana's Bar-B-Q Franchise
Training -* Available at headquarters: 5 weeks

* At franchisee's location: 10 days

* As needed
Support -* Newsletter

* Meetings

* Toll-free phone line

* Grand opening

* Internet

* Security/safety procedures

* Field operations/evaluations

* Purchasing cooperatives

* Ad slicks

* Regional advertising
Marketing --
Operations --

Expansion Plans
 
Mr. Mike's Steakhouse & Bar Franchise
Bandana's Bar-B-Q Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About Mr. Mike's Steakhouse & Bar

Mr. Mikes SteakhouseCasual came to life in 2010 from the passion and the love of food and fun of Mike Cordoba, Al Cave and Robin Chakrabarti, three entrepreneurs who saw the potential in the heritage brand Mr. Mikes. Sharing core values of family, friends and fun, Mike, Robin, Al recreated Mr. Mikes into a place where people can connect through unique experiences driven by memorable moments on a platform of great food, ambiance, and being proud Canadians…..SteakhouseCasual.

At MR MIKES, we don't presume to be average or ordinary. 

About Bandana's Bar-B-Q

The tradition began in September of 1996 when our first Bandana's BAR-B-Q opened in Arnold, Missouri. Our mission remains the same, to provide the best Southern Style BAR-B-Q, with exceptionally quick service, in a friendly, family atmosphere. Our real wood pit smokers operate 24 hours a day, which is why you can "SMELL THAT SMOKE" every time you come to Bandana's BAR-B-Q.