Fazoli's vs Mikes Restaurants Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Fazoli's vs Mikes Restaurants including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Fazoli's Franchise
Mikes Restaurants Franchise
Investment $800,200 - $1,752,818$650,000 - $695,000
Franchise Fee $40,000$45,000
Royalty Fee 5%5%
Advertising Fee 4%3%Nat'l+1.5%Local
Year Founded 19881967
Year Franchised 19911968
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee 30% of current fee for 5 years-


Business Experience Requirements

 
Fazoli's Franchise
Mikes Restaurants Franchise
Experience
  • Industry experience
  • General business experience
  • -

    Financing Options

     
    Fazoli's Franchise
    Mikes Restaurants Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support

     
    Fazoli's Franchise
    Mikes Restaurants Franchise
    Training On-The-Job Training: 90-100 hours Classroom Training: 16 hours Additional Training: Programs on variety of topics -
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform-
    Marketing Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing-
    Operations 86% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    Fazoli's Franchise
    Mikes Restaurants Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Fazoli's

    Your Road to Fazoli's Ownership Begins Here
    Fazoli's is a fun, fast Italian alternative for people who are on-the-go every day. We are a system of more than 250 restaurants, and are proud to be cooking up food that's fun - food with sauce! Fazoli's is a great value and the smart dining solution our guests can feel good about for their family and friends.

    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.