Montana Mike's Steakhouse
Montana Mike's Steakhouse
2908 N. Plum St.
Hutchinson, KS 67502
800#:
Tel: (620) 669-9372
Fax: (620) 669-0531
E-Mail: [email protected]
Web Site: www.stockadecompanies.com
Contact: Mr. Madison Jobe, VP Franchise Development
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
Established: 1984
First Franchise: 1984
Franchise Units: 17
Company-Owned Units: 3
Total Units: 20
Distribution:
U.S. -- 20;
Canada -- 0;
International -- 0
-North America -- Operations in 6 States
-States/Provinces with Greatest Density: 8 in KS, 4 in TX, 3 in OK
Projected New Units Over Next 12 months: 5
Franchisee Qualifications: 5, 4, 4, 3, 2, 4
(Click here for an explanation)
Registered in Following Registration States: IL,IN (Click here for an explanation)
Average Number of Employees: 20 FT, 50 PT (FT = Full Time, PT = Part Time)
Space Needs: 7,000 SF; FS
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $250-350K
Total Investment: $650K-1.8MM
Average Total Investment: $1,200.0K
Minimum Net Worth: $1MM
Fees:
-Franchise: $20K
-Average Franchise Fee: $20.0K
-Royalty: 3%
-Average Royalty: 3.0%
-Advertising: 1%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 15/15
Passive Ownership: Discouraged
Area Development Agreements: Yes Varies
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: No
Financial Assistance: No
Cooperative Advertising: No
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: NR
Size Of Corporate Staff: 25
On-Going Support: B,C,D,E,G,h,i (Click here for an explanation)
Training: 6-8 Weeks Training.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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