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Below is an in-depth analysis and side-by-side comparison of Big Mike's Subs vs Melt Shop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | N/A | $368,240 - $698,800 |
Franchise Fee | N/A | $35,000 |
Royalty Fee | - | 6% |
Advertising Fee | - | 2% |
Year Founded | - | 2010 |
Year Franchised | - | 2017 |
Term Of Agreement | - | 5 Years +5+5+5 |
Term Of Agreement | - | 5 Years +5+5+5 |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | Melt Shop is seeking well capitalized partners who are entrepreneurial and have a strong knowledge of their market. The ideal franchisee is a proven multi-unit operator in the restaurant industry. At this time we are not offering sub-franchises. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
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Training | - | On-The-Job Training: 224 hours Classroom Training: 24 hours |
Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media Website development Email marketing Loyalty program/app |
Operations | - | Number of Employees Required to Run: 15 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
Big Mike's changed it's name to Milio’s. Big Mike's website is offline.
Big Mike's Facebook is online.
https://www.facebook.com/BigMikesPhillySteaksAndSubs