Franchise
Frequently Asked Questions
Q: What are the general requirements to become a prospective Mirko Pasta licensee?
A: Mirko Pasta actively seeks highly qualified individuals to become licensees. Previous restaurant experience is ideal, but is not required. Prior business experience, financial qualifications, motivation, team spirit and a track record of personal success are all important factors in our review process. Prospective licensees will need a collective net worth of greater than $500,000 ($100,000 liquid) and must have satisfactory credit ratings and a clean criminal background report.
Q: How long does the application and review process take?
A: Typically the process takes between 30 and 45 days.
Q: Once I sign a license agreement, how long will it take to open my restaurant?
A: It depends on a number of factors, such as the availability of real estate, build-out requirements, zoning and permitting, and training, but the typical time frame to open is four to six months after signing a license agreement.
Q: How much does it cost to open a Mirko Pasta restaurant?
A: The one-time initial franchise fee due to Mirko Franchising, LLC is $30,000 per unit. Chapter 7 of the FDD discloses the initial costs, including the real estate, construction, furniture, fixtures and equipment, initial inventory, training and payroll, and additional start-up costs involved in opening a Mirko Pasta restaurant, however, your investment could range from $219,000 to $540,000.
Q: How much can I expect to make as a Mirko Pasta licensee?
A: Like all companies that franchise, Mirko Pasta is restricted by the Federal Trade Commission from making claims regarding potential earnings or profits. We encourage you to contact existing licensees to conduct your due diligence. The names, locations and phone numbers of our existing licensees will be provided to you.
Q: Am I required to work in my Mirko Pasta restaurant?
A: No. However, each licensee must appoint one individual who owns an interest in 10% of the profits to serve as Designated Principal of the restaurant. The Designated Principal selected must complete the initial training program and attend semiannual conferences of all licensees. While the Designated Principal is not required to work in the restaurant, he or she should be prepared to monitor the business on a daily basis. Each restaurant must also be under the direct, on-premises supervision of management who have completed our required management certification program.
Q: How much training is provided?
A: The initial training program is three to five weeks long in total, consisting of a minimum three 10-day training programs for various positions to be conducted at a certified training facility. Ongoing support and training updates, in addition to other business development practices, including onsite inspections, are conducted regularly throughout the franchise system.
Q: What support will I receive in the development of my restaurant?
A: You will receive support that includes real estate guidelines, architectural, construction and engineering assistance.
Q: How much ongoing support will I receive?
A: As a Mirko Pasta licensee, you will be operating an independent franchised business. You will be provided with a detailed set of operations manuals. Mirko Franchising, LLC will hold conferences of all licensees, and will assign to each licensee an operations consultant who will make periodic visits to each restaurant to evaluate its operations and make recommendations for improvement.
Q: Can I buy stock in Mirko Franchising, LLC?
A: No. Mirko Franchising, LLC and its affiliates are privately held companies and are not publicly traded.
