|
Below is an in-depth analysis and side-by-side comparison of Black Bear Diners vs Montana SteakBurgers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $1,133,800 - $2,114,200 | N/A |
Franchise Fee | $55,000 | N/A |
Royalty Fee | 4.5% | - |
Advertising Fee | 1% | - |
Year Founded | 1995 | - |
Year Franchised | 2002 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | On-The-Job Training: 240 hours Additional Training: At certified training restaurants | - |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations | Number of Employees Required to Run: 65 | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | - |
Though Spadaro says there are no plans to sell franchises, he doesn't rule out the possibility in the future. Montana SteakBurgers features flame-grilled steakburgers, steaks, and beer in a Western saloon atmosphere.