Mike's Place Franchise Proposal

Year began: 1992 Franchising since: 2009
Hayarkon 70 Tel Aviv Phone: (+972)549292552 Fax: (+972)776550054	Franchisor has 5 employee(s) in franchise department.

Franchisor has 5 employee(s) in franchise department.

Company owned units – 1

Costs & Fees

Total investment: $250K+
Franchise fee: $30K
Ongoing royalty fee: 5%

Ongoing regional advertising fee: 1%

Term of agreement: 8 years, renewable with no added fees

Type of Financing Available
	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	No
Payroll	No	No

Qualifications

Net worth requirement:$500K
Cash liquidity requirement:$150K

Business Experience

General business experience

• Management expertise

Operations

Absentee ownership of franchise is not allowed (franchisees are owner/operators).

Training & Support

Training

• Available at headquarters: 8 Months
• At franchisee's location: 2 weeks

Ongoing Support

• Newsletter
• Meetings
• Grand opening
• Booking Bands
• Parties
• Sport listings
• Internet/website
• Security/safety procedures
• Field operations/evaluations
• Purchasing cooperatives
• Experienced food and beverage managers available for help at franchise office

Marketing Support

Co-op advertising

• Ad slicks
• Regional advertising
• Internet/website
• Merchandising
• Experienced marketing team available at franchise office

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