|
Below is an in-depth analysis and side-by-side comparison of Bandana's Bar-B-Q vs Mighty Quinn's Barbeque including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $418,000 - $1,100,000 | $494,317 - $896,334 |
Franchise Fee | $40,000 | $45,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | 1% |
Year Founded | 1996 | 2012 |
Year Franchised | 2004 | 2018 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 50% of current franchise fee | - |
Business Experience Requirements |
||
Experience | - | We are looking for multi-unit franchisees or qualified investors with an established operating team. A passion for food and hospitality are the two most important traits in prospective franchisees. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | * Available at headquarters: 5 weeks * At franchisee's location: 10 days * As needed | Mighty Quinn’s will host your corporate and restaurant team at our training kitchen in New Jersey for extensive course work in production, systems and protocol. Franchisees will also spend time in Mighty Quinn’s restaurants during this process. An additional 2 weeks (one week prior and one week following the opening of your first restaurant) of training will be provided in your local market. Training tools and operational guidance will be provided to the franchisee throughout the process. |
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 |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
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.