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Montana Mike's Steakhouse

Montana Mike's Steakhouse is a sit-down, full-service restaurant serving alcohol and a bar area. We are known for very large portions at affordable prices. Open for lunch and dinner daily.

Franchisor Background

Year Established:

1999

Franchising Since:

1999

IFA Member

Operating Units:
Franchised Units:	23	92%
Company-Owned Units:	2	8%
	______	_____
Total Operating Units:	25	100%

Geographic Distribution:
U.S.:	25	100%	In 8 States
Canada:	0	0%	In 0 Canadian Provinces
International:	0	0%	In 0 Foreign Countries
	______	_____
Total:	25	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Kansas	8
2. Texas	4

Registered in Following Registration States:

Illinois, Indiana

Financial Requirements

Investment:
Minimum Net Worth:	$1MM
Cash Investment:	$148-439K
Total Investment:	$439K-2.7MM
Average Total Investment:	$1558K

Fees:
Initial Franchise Fee:	$20K
Average Franchise Fee:	$20K
On-Going Royalty:	3%
Average Royalty:	3%
Advertising Fee:	1%

Average Number of Employees:

20 Full-time, 50 Part-time

Space Needs (in square footage):

7,000

Preferred Sites:

Free-standing Building

Other Sites:

Encourage Conversions?

Yes

Earnings Claims Provided?

Yes

Listed in the SBA Registry?

Support and Training

International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	25
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	No
Financial Assistance?	No

Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Not Applicable

Training:
1. Training	6-8 Weeks

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	5
General Business Experience:	4
Specific Industry Experience:	4
Formal Education:	3
Psychological Profile:	2
Personal Interview(s):	4

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	N/A
Hispanic:	N/A
Native American:	N/A
Other:	N/A
Specific Minority:	N/A

Terms of Contract

Term of Initial Contract:	15 Year(s)
Term of Renewal Period:	15 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 0 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, All United States
Canada:	No
Overseas:	No

Franchisor Background

Year Established:

Franchising Since:

IFA Member

Operating Units:

Geographic Distribution:

North America: