BD's Mongolian Barbeque vs Mr. Mike's Steakhouse & Bar Franchise Comparison

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

Start-Up Costs and Fees
 
BD's Mongolian Barbeque Franchise
Mr. Mike's Steakhouse & Bar Franchise
Investment $881,000 - $2,276,500$600,000 - $1,200,000
Franchise Fee $45,000$50,000
Royalty Fee 5%-
Advertising Fee --
Year Founded 19921960
Year Franchised 19960
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 50% of fee at time of renewal-


Business Experience Requirements
 
BD's Mongolian Barbeque Franchise
Mr. Mike's Steakhouse & Bar Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    BD's Mongolian Barbeque Franchise
    Mr. Mike's Steakhouse & Bar Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    BD's Mongolian Barbeque Franchise
    Mr. Mike's Steakhouse & Bar Franchise
    Training Company certified training restaurant-
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations-
    Marketing Co-op advertising, Ad slicks, National media-
    Operations Franchisees required to buy multiple units/master licenses; 60% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 75 - 100

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    BD's Mongolian Barbeque Franchise
    Mr. Mike's Steakhouse & Bar Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About BD's Mongolian Barbeque

    BD's Mongolian Barbeque is the world's number one Create Your Own Stir-Fry restaurant concept where the guests choose their own ingredients from a great variety of meats, seafood, vegetables, salads, sauces and spices. The food is then prepared by master grillers on a 600 degree 7-foot grill. Since 1992, has been delivering a unique, interactive dining experience that sets us apart from the competition. has created a growing band of loyal customers that believe passionately about their ability to take charge of their own dining event. We call this our "You Rule the Experience" philosophy. The guests don't just like bd's, they "love it" as they feel they can take ownership of their own dining experience.

    The total investment necessary to begin operation of a bd’s Mongolian Grill® Restaurant is $881,000 to $2,276,500. This includes $45,000 to $65,000 that must be paid to the franchisor or an affiliate.
    Development fees for Area Development Agreements are $45,000 for the first restaurant plus $10,000 for each additional restaurant that you agree to develop under the terms of the franchisor’s development schedule. These amounts will be credited against the payment of your initial franchise fees for each restaurant that you develop.

    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.