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Updated RecentlyFazoli'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 |
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| 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 | 1988 | 1967 |
| Year Franchised | 1991 | 1968 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | 30% of current fee for 5 years | - |
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/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| 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 |
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| 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.