Western Sizzlin vs Mr. Mike's Steakhouse & Bar Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Western Sizzlin 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

 
Western Sizzlin Franchise
Mr. Mike's Steakhouse & Bar Franchise
Investment $811,000 - $2,300,000$600,000 - $1,200,000
Franchise Fee $30,000$50,000
Royalty Fee 3%-
Advertising Fee --
Year Founded 19621960
Year Franchised 19650
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements

 
Western Sizzlin Franchise
Mr. Mike's Steakhouse & Bar Franchise
Experience --

Financing Options

 
Western Sizzlin Franchise
Mr. Mike's Steakhouse & Bar Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Western Sizzlin Franchise
Mr. Mike's Steakhouse & Bar Franchise
Training --
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
Marketing Ad slicks-
Operations 20% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 40

Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

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Expansion Plans

 
Western Sizzlin Franchise
Mr. Mike's Steakhouse & Bar Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion No-

Company Overviews

About Western Sizzlin

WesterN SizzliN serves only the finest steaks. In the cooking process, our steaks are specially seasoned with Gold Dust, a WesterN SizzliN proprietary recipe. The combination of the Pascarellas original cooking technique and one-of-a-kind seasoning brought Nick and his wife Nora, an impeccable reputation for serving the most succulent tasting steak around. As one of our franchisees says, "We've got a special juicy flavor that only WesterN SizzliN has!" But don't just take our word for it, ask anyone who has ever had one, and they'll tell you about it. Nick's concept was just too good to keep to himself. In 1966 he responded to requests and began selling franchises nationally. By 1988, Nick's "steakhouse" had grown into a national chain with yearly sales of nearly half a billion dollars!

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.