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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$246K - $460K
Units as of 2023
1 Increase 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 (2 years)
# of employees at HQ 4
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 1 (as of 2023)

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 Information Circle
$40,000
Initial Investment Information Circle
$246,000 - $460,000
Net Worth Requirement Information Circle
$40,000
Cash Requirement Information Circle
$40,000
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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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? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
Yes
Are exclusive territories available? Information Circle
No
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022