Frequently Asked Questions

Q. What type of franchise is available?

A. Mike's Place offers single unit development franchise.

Q. What are the on-going royalty fees and promotion and development fees?

A. The royalty fee is 5% of monthly net sales and the promotion and development fee is 1% of monthly net sales; totaling 6%. This fee will be used for promotion including national and/or regional advertising, public relations, marketing, market research, customer analysis and testing, product and system research along with development, promotion consulting, and for other direct and indirect support of franchisees and development of the Mike's Place system as a whole.

Q. Does Mike's Place Franchising provide financing for my investment in a Mike's Place Franchise?

A. Mike's Place does not offer financing. However, we will make information available to you about lenders and finance companies who, depending on your personal financial statement and credit history, may offer financing directly to you.

Q. What does my on-going franchise royalty fee provide?

A. Franchisees pay royalties for the use of the Mike's Place brand, operating systems and on-going support.

Q. What is the typical size of a Mike's Place unit?

A. Mike's Place units vary in size and most often are 250-300 square meters.

Q. How long will it take to open the first store after signing the franchise agreement?

A. Usually new franchisees can open their unit within 120 days.

Q. What are the next steps to proceed with a Mike's Place franchise?

A. Complete the "Request for Consideration" form and either fax or e-mail it to Mike's Place franchising headquarters. After this document is reviewed, we may call you to schedule a "Discovery Day" where you will spend the day with our team. We will take you to our corporate unit to get a behind-the-scenes look at our operations.

Ready to take the next step? Complete the Request for Consideration Form. Click Here