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Below is an in-depth analysis and side-by-side comparison of Mr. Mike's Steakhouse & Bar vs Old Carolina Barbecue Co. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $600,000 - $1,200,000 | $309,800 - $687,000 |
Franchise Fee | $50,000 | $25,000 - $30,000 |
Royalty Fee | - | 5% |
Advertising Fee | - | 0.5% |
Year Founded | 1960 | 2006 |
Year Franchised | 0 | 2012 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
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.A passion for great barbecue inspired two former high school buddies to start a competition barbecue team in 2003. Travels across the country led us to discover the rich traditions of Carolina-style barbecue. During many road trips across the region, second and third generation pitmasters shared their closely guarded secrets and decades old recipes. It wasn't long before those recipes started earning Old Carolina trophies on the barbecue circuit. Best sauce. Best ribs. Best pulled pork. Fans of Old Carolina demanded a regular outpost they could visit every day of the week. And, in 2006, the first Old Carolina Barbecue Company restaurant opened in Massillon, OH. If you have tasted our food, you know that our concept is not just about barbecue. It's about great barbecue. If you have a passion to deliver that in your home market, we'd love to hear from you.