Our initial investment falls between $225,800 and $596,000, depending on the type of location you choose, according to Item 7 in our latest Franchise Disclosure Document (FDD). See the full chart below.
A Detailed LookBecoming a Mountain Mike's franchisee grants you access to real estate and construction expertise, a modern up-to-date restaurant design, established successful training and operational standards and the invaluable experience of what works and what doesn’t. We also introduce you to lending partners who may work with franchise candidates. That’s a lot of support wrapped up in a restaurant launch package backed by one of the most experienced restaurant franchisors.
|AMOUNT||METHOD OF PAYMENT||WHEN DUE||TO WHOM PAYMENT IS TO BE MADE|
|Initial Franchise Fee (1)||$15,000 – $30,000||Lump Sum||On signing Franchise Agreement||Mountain Mike’s – Us|
|Leasehold Improvements (2)||$50,000 – $200,000||As Agreed||As Incurred||Selected/Approved Contractors|
Engineering Fees (2)
|$10,000 - $18,000||As Agreed||As Incurred||Use Professionals|
|Furniture, Fixtures, and Equipment (3)||$60,000 – $150,000||As Agreed||As Incurred||Approved Vendors|
|Signage||$4,000 – $12,000||As Agreed||As Incurred||Selected/Approved Contractors|
|POS/Electronic Information System (4)||$6,500 – $18,000||As Agreed||As Incurred||Approved POS and Other Approved Vendors|
|Three Months’ Rent (5)||$12,000 – $40,000||Lump Sum||As specified in lease or sublease||Landlord|
|Security Deposit (5)||$4,000 – $12,000||Lump Sum||On signing lease or sublease||Landlord|
|Opening Inventory and Supplies (6)||$10,000 – $14,000||As Agreed||As Incurred||Selected/Approved Contractors|
|Grand Opening Marketing Fee (6)||$4,000||Lump Sum||On signing Franchise Agreement||Mountain Mike’s – Us|
|Décor Package (8)||$4,000 – $9,000||As Agreed||As Incurred||Approved Vendors|
|Training Expenses (for all attendees)||$1,300 – $4,000||As Incurred||As Incurred||Working Capital Reserves|
|Miscellaneous Opening Costs (9)||$20,000 – $40,000||As Incurred||As Incurred||Working Capital Reserves|
|Additional Funds – 3 months (10)||$25,000 – $45,000||As Incurred||As Incurred||Working Capital Reserves|
|TOTAL ESTIMATED INITIAL INVESTMENT|
(excluding real estate purchase costs) (11)
|$225,800 – $596,000|
MMP describes the initial franchise fee in Item 5.
The Restaurant’s premises typically is in an end-cap or in-line location in a shopping center. A Restaurant is approximately 2,500 to 4,000 square feet. Leasehold improvement costs, which include floor covering, wall treatment, counters, ceilings, painting, window coverings, electrical, carpentry, and similar work, and contractor’s fees, depend on the condition, location, and size of the premises; the demand for the premises among prospective lessees; whether the premises previously was used as a restaurant; the build-out required to make the premises suitable for your Restaurant; and any construction or other allowances the landlord grants. You must obtain professional architectural and engineering drawings for your Restaurant. You may use one of our preferred architects or another architect we approve to prepare a preliminary floor plan, store design color renderings, and construction drawings. We anticipate that you will rent the premises for the Restaurant, but you may purchase the property for your Restaurant. The estimate in the table above does not include the cost of constructing the building if you purchase the property. You may also receive an allowance, credit, rebate, or rent abatement from your landlord to offset the remodeling and build-out costs you will incur to conform the Premises for the Restaurant. Your leasehold improvement costs may be offset if your landlord provides such an allowance, credit, rebate, or rent abatement.
This item includes sinks, refrigerators, ovens, stoves, ventilation systems, display cases, tables, chairs, booths, utensils, a phone system and facsimile machine, and office supplies. The range depends on whether any used equipment remains at the premises you take over.
MMP describes the POS/electronic information system in Item 11.
The rent and security deposit depend on the size, condition, and location of the premises and the demand for the premises among prospective lessees.
This figure is for food products, materials, smallwares, and supplies necessary to open the Restaurant under MMP’s required standards and specifications.
This item covers interior signage, pictures, and other decor items.
This item covers miscellaneous opening costs and expenses, including installing telephones; deposits for gas, electricity, and similar items; business licenses (including beer and wine); legal and accounting expenses; and insurance premiums.
This item estimates your initial start-up expenses (other than the items identifiedseparately in the table). These expenses include payroll costs but not any draw or salary for you or your owners. These figures are estimates, and it is possible you will need additional working capital during the first 3 months you operate your Restaurant and for a longer time period after that. This 3-month period is not intended, and should not be interpreted, to identify a point at which your Restaurant will break even. Your costs depend on how much you follow MMP’s methods and procedures; your management skill, experience, and business acumen; local economic conditions; the local market for your products and services; the prevailing wage rate; competition; and the sales level reached during the initial period. MMP relied on its principals’ many years of experience franchising Mountain Mike’s® Pizza Restaurants to compile this Additional Funds estimate.
You should review these figures carefully with a business advisor before deciding to acquire the franchise. MMP does not offer financing directly or indirectly for any part of the initial investment. The availability and terms of financing will depend on many factors, including the availability of financing generally, your creditworthiness and collateral, and lending policies of the financial institutions from which you request a loan.
Costs & FEES
Liquid Capital REquired$100,000
Net Worth REquired$300,000
Total Investment$225,800 TO $596,000
Step OneRequest for Consideration Form
Submit a Request for Consideration Form for review. Upon preliminary approval, you will be contacted to schedule an interview.
Step TwoFranchise Disclosure Document
After receipt and review of the FDD, mutual consent is established and a Mountain Mike’s Pizza Franchise Agreement is signed along with the $30,000 franchise fee.
Step ThreeSite Selection
With your site nearing completion, you take part in our extensive training program for owners and high-level management.
Step FiveOpen your Mountain Mike's Pizza
With training and building/renovations complete, it’s time to turn on the open sign!
A personal perspectiveWatch Franchisee Testimonials
Franchisees talk about what the business has offered to their own families as well as the families they serve in their local community.