- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$246K - $460K
- Units as of 2022
-
1 0.0% over 3 years
Company Overview
About Il Mito
Industry | Food |
---|---|
Related Categories | Miscellaneous Full-Service Restaurants,Food: Full-Service Restaurants,Mediterranean Food,Italian Food |
Founded | 2007 |
Leadership | Michael Feker, CEO |
Corporate Address | 6913 W. North Ave. Wauwatosa, WI 53213 |
Business Overview
Franchising Since | 2022(1 years) |
---|---|
# of employees at HQ | 4 |
Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
# of Units | 1(as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Il Mito franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$40,000 |
---|---|
Initial Investment |
$246,000 - $460,000 |
Net Worth Requirement |
$40,000 |
Cash Requirement |
$40,000 |
Royalty Fee |
5% |
Ad Royalty Fee |
1% |
Term of Agreement |
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Il Mito has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 96 hours |
---|---|
Classroom Training | 42 hours |
Ongoing Support |
Grand Opening
Site Selection
|
Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
Are exclusive territories available? |
Yes |
Interested in ownership opportunities like Il Mito? Request a free consultation with a Franchise Advisor now.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Il Mito.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
How One Couple Became Multi-Unit, Multi-Brand Franchise Owners
When Matt and Anne Evers took the leap to buy a franchise, they never imagined they'd grow to 13 locations across two brands just eight years later.
McDonald's Is Launching a Spinoff Restaurant Chain Based on a Beloved, Blast-From-the-Past Mascot
The company saw a lot of success with another former mascot, Grimace, in June.
Subway Will Give You Free Sandwiches Forever — If You Make a Legally Binding, Lifetime Commitment First
It will take a true superfan to win this competition.
The Simplicity Advantage in Building a Thriving Franchise Business
A business certainly does not need to be simple to be franchised—but it helps.
When's the Best Time to Use AI in Your Franchise? The Choice Is Clear.
It's no longer a question of if or when to implement artificial intelligence in training, recruiting and marketing programs, but rather what it has already cost you if you haven't.
Exploring Expansion Strategies for Franchise Success, From Goals to Growth
When you make a decision to franchise, what you're really doing is deciding how you want to grow.