Montana Mike's Steakhouse vs Bandana's Bar-B-Q Franchise Comparison

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

Start-Up Costs and Fees
 
Montana Mike's Steakhouse Franchise
Bandana's Bar-B-Q Franchise
Investment $439,000 - $2,700,000$418,000 - $1,100,000
Franchise Fee $20,000$40,000
Royalty Fee -5%
Advertising Fee --
Year Founded 19991996
Year Franchised 19992004
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee -50% of current franchise fee


Business Experience Requirements
 
Montana Mike's Steakhouse Franchise
Bandana's Bar-B-Q Franchise
Experience --

Financing Options
 
Montana Mike's Steakhouse Franchise
Bandana's Bar-B-Q Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Montana Mike's Steakhouse Franchise
Bandana's Bar-B-Q Franchise
Training -* Available at headquarters: 5 weeks

* At franchisee's location: 10 days

* As needed
Support -* Newsletter

* Meetings

* Toll-free phone line

* Grand opening

* Internet

* Security/safety procedures

* Field operations/evaluations

* Purchasing cooperatives

* Ad slicks

* Regional advertising
Marketing --
Operations --

Expansion Plans
 
Montana Mike's Steakhouse Franchise
Bandana's Bar-B-Q Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About Montana Mike's Steakhouse

Montana Mike's is a full-service steakhouse concept specializing in big appetites and great value. Our steaks are naturally aged, USDA steaks, hand-cut at the restaurant and grilled to your liking. The atmosphere is reminiscent of a mountain lodge and our service is first class. All Montana Mike's offer beer and wine with all new locations having a full bar.

About Bandana's Bar-B-Q

The tradition began in September of 1996 when our first Bandana's BAR-B-Q opened in Arnold, Missouri. Our mission remains the same, to provide the best Southern Style BAR-B-Q, with exceptionally quick service, in a friendly, family atmosphere. Our real wood pit smokers operate 24 hours a day, which is why you can "SMELL THAT SMOKE" every time you come to Bandana's BAR-B-Q.