FAQ's

Why own a Big Mike’s Steakhouse franchise?

If you are looking for a dynamic and unique franchise opportunity that is geared toward rural markets, Big Mike’s Steakhouse may be just what you are looking for. Our high-volume business model is built around our Steakhouse restaurant with a classic rustic charm that makes it a favorite in rural markets. We offer a much needed alternative for customers who are looking for a great steak or a special dinner without having to drive for hours to the city. We look forward to sharing more with you about our exciting opportunity.

Our Franchise Provides

  • Local steakhouse experience
  • Focused on rural markets where there is minimal competition but great demand
  • Serve high quality USDA Choice to Prime Beef and Gulf Seafood
  • Classic rustic charm that matches our rural markets
  • High revenue unit volume
  • Relaxed environment with beer, wine and a full liquor bar
  • Extensive operational training and support

 Is there training? Do you provide support?

Big Mike’s Steakhouse provides an extensive training and support program to help you every step of the way. It all starts with at least three weeks of training at our corporate location for your general manager, kitchen manager and one other key employee.  This initial training occurs approximately 60 days prior to your restaurant opening and teaches your key management staff what they need to run your restaurant.

When you open your restaurant we also provide two trainers to assist you at your location for the first ten days.  Training continues after your opening with your personal Franchise Business Advisor who works with you step by step on an ongoing basis.

How much money can I make? 

The Federal Trade Commission regulates what Big Mike’s Steakhouse is allowed to disclose to potential franchisees. As you proceed through the process of purchasing your Big Mike’s Steakhouse restaurant, you will receive the Franchise Disclosure Document (FDD) that details more about the business opportunity and your expected startup expenses as well as some financial information related to our franchise. We also provide an Earnings Claim that provides you financial information related to our affiliate location.

How much will I need to invest? 

The estimated initial investments to establish a Big Mike’s Steakhouse franchise is from $239,550 to $421,250. This includes a franchise fee of $29,500 as well as your first three months rent, restaurant furnishings and equipment, location build out, small wares, plate ware, inventory, point of sale system, grand opening marketing, permits and working capital to open your business.

Do you offer financing? 

Big Mike’s Steakhouse does not offer any direct financing but we can recommend some third party financing options for you. If you have a retirement fund we can also recommend some great programs that allow you to borrow against your retirement fund without paying penalties or taxes.

What do I need to own a Big Mike’s Steakhouse franchise?

  • Working capital of $300,000 with good credit
  • Solid business experience sales and business experience required
  • Knowledge of the trade area where the store will be located
  • Passion for service

 

Would you like to learn more?

Simply, complete the Request for Consideration Form. Upon receiving the form we will contact you. Also feel free to contact our franchise department at franchising@BigMikesSteakhouse.com.