Business Description

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:  1984

Franchising Since:  1984

Operating Units:
Franchised Units:	17	85%
Company-Owned Units:	3	15%
Total Operating Units:	20	100.0%
Geographic Distribution: U.S.: 20 100% In 8 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 20 100.0%

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:	$250-350K
Total Investment:	$650K-1.8MM
Average Total Investment:	$1225K
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

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
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
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
Expansion Plans
Projected New Units Over Next 12 months: 5 U.S.: Yes, All United States Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Montana Mike's Steakhouse.