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Below is an in-depth analysis and side-by-side comparison of Russo's New York Pizzeria vs Mama Mimi's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $400,000 - $1,500,000 | $97,600 - $159,800 |
Franchise Fee | $49,500 | $20,000 |
Royalty Fee | 7% | 4.5% - 5% |
Advertising Fee | 2% | - |
Year Founded | 1978 | - |
Year Franchised | 1998 | - |
Term Of Agreement | 10 years +5 | - |
Term Of Agreement | 10 years +5 | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | No Restaurant experience necessary but helpful Minimum financials are $175K to $400K in investment capital and a $600K to $1.0MM net worth. | - |
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 | Corporate Store, Houston, TX . 8 Week GM & Key Supervisor Training and Certification. | - |
Support | Central Data Processing: At Additional Cost
Field Operation Evaluation: At Additional Cost Field Training: At Additional Cost Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | - |
Marketing | - | - |
Operations | Average Number of Employees: 10 Full-time, 6 Part-time Passive Ownership: Allowed, But Discouraged | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | Yes | - |
Russo's Restaurants is a national and international franchisor of the fast casual and casual dining brands Russo's New York Pizzeria and Russo's Coal-Fired Italian Kitchen. Based in Houston, Russo's Restaurants are composed of a mix of corporate and franchised locations across Texas, Oklahoma, Arkansas, Tennessee, Florida and Hawaii. Russo's has entered international markets as well, with locations in Dubai, Abu Dhabi and Sharjah in the United Arab Emirates. There are an additional 20-plus units in development both in the United States and internationally. Chef Anthony Russo has created his concepts from years of applying his unique, family recipes featuring New York-style pizza along with a broad variety of handcrafted pasta creations, calzones, salads, sandwiches, soups and desserts, reflecting his commitment to his New York roots where food and family come first.
Award Winning Pizza: The Mama Mimi's Take 'N Bake Pizza restaurant offers legitimate National and International Awards for "Best Pizza", as voted by expert chefs and judges in prestigious competitions. No biased polls, no dubious claims, and no asterisks qualifying the results: Just recognizably GREAT pizza! Targeted Development Markets and Areas: We are currently limiting our opportunities to develop Mama Mimi's Take 'N Bake Pizza restaurant to the Midwest. We prefer to develop in Ohio, Michigan, Illinois, Indiana, Kentucky, West Virginia, and Pennsylvania. We will consider other areas, depending on the strength and organization of the prospective franchisee. Single Unit Franchises: We offer single unit franchises to qualified Applicants interested in developing in the above described markets. An Applicant interested in developing a single Franchised Restaurant must demonstrate a $200,000 net worth, with a minimum of liquid capital in the amount of $40,000. Multiple Unit Franchises: We will offer the exclusive right to develop Mama Mimi's Take 'N Bake Pizza restaurant in a mutually agreed upon Territory, with an agreed upon development schedule. The Initial Franchise Fee is $20,000 for the first Franchised Restaurant developed, and each Franchise Fee thereafter is $15,000. We require a Development Deposit of $2,000 for each Franchised Restaurant you commit to develop in your Territory after the first unit.