5/18/2023 0 Comments Mountain mike![]() Rated 4.8/5 from 5,900+ downloads What’s the average turnover of a Mountain Mike’s restaurant? Operating costs: three months’ rent, initial opening inventory & supplies, 3 months worth of working capital, etc.Initial marketing: opening advertising expenses.Formation costs: furniture, fixtures, equipment, pos, electronic information system, architectural & engineering fees, leasehold improvements, signage, security deposit, décor package, training expenses, etc.In addition to the initial franchise fee ($15,000 – $30,000) payable to the franchisor, you would also pay for: Some of these are payable to the franchisor and others are to third parties. Why would you pay the amount, you may ask? Well, the investment amount covers all types of startup costs you would need at the beginning. Generally, the amount lies between $225,800 and $596,000 (as per the 2021 Franchise Disclosure Document). For example, rent is not similar in different areas as a result, the total investment amount can vary in different locations. ![]() Indeed, it depends on several factors and conditions. On average, you may need to invest around $410,900 to open a Mountain Mike’s Pizza restaurant. How much does a Mountain Mike’s franchise cost? The availability of healthy eating options and well-established brands such as Domino’s, Marco’s Pizza, and Papa Murphy’s make the franchise less attractive. Competition: Mountain Mike’s Pizza operates in a growing and competitive industry.The franchisees need to actively participate in the daily operations of the restaurant. No absentee ownership: The franchise is not a passive investment opportunity.It also does not guarantee any note, lease, or grant on behalf of its franchisees. No franchise financing: The franchisor does not finance the franchisees’ start-up or ongoing costs, directly or indirectly.Franchisees can utilize the brand’s experienced real estate personnel to construct or lease their restaurants at the least cost and shorten their break-even period. Real estate and construction: The franchisor helps the franchisees identify convenient business locations, restaurant designs, construction, lease negotiations, and branding.Franchisees can leverage the brand’s popularity and utilize national media, regional advertising, Google Ads, social media, influencer marketing, and digital promotional campaigns to create awareness about the brand and their local stores among a wider customer audience. Marketing strategy: The brand offers the franchisees a results-oriented marketing strategy.It does not authorize any other franchise or operate competing brands in the agreed-upon location. Exclusive territory: The franchisor grants the franchisees an exclusive territory to operate their business, which leaves them with a huge room for growth and expansion.It trains franchisees on making the products, hiring top-quality staff, handling customers, minimizing waste, and preparing them for a successful grand opening. Extensive training: The brand offers franchisees extensive training, including 122 on-site hours and 10 hours of classroom training, to equip them with the foundations and resources for running a successful Mountain Mike’s Pizza restaurant. ![]() Mountain Mike’s Pizza franchises: pros and cons Pros ![]() Mountain Mike’s Pizza began franchising in 1981, and now it has more than 270 stores in the US. The chain was founded in 1978 by Chris Britt and Ed St. It offers chicken wings, garlic sticks, dessert pizza, a lunch buffet, and salad bars. Mountain Mike’s Pizza is an American fast-casual pizza chain headquartered in Newport Beach, California. Rated 4.8/5 from 5,900+ downloads What is Mountain Mike’s Pizza? Want to hear more? We’ll tell you everything you should know about Mountain Mike’s franchises. Indeed, with a required initial investment of $410,900 yet over $866,000 turnover per year on average, your payback period would only be 3.2 years, that’s excellent. The good news is that Mountain Mike’s is one of the most profitable pizza franchise you can find. Therefore, it’s very important when choosing a franchise to look at the Franchise Disclosure Documents to find out how profitable each one really is. Domino’s, Little Caesar’s) to big players like Blaze Pizza and Papa John’s, there is also a lot of competition to say the least. When looking at pizza franchises, there are a lot of options to choose from as a franchisee. ![]()
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