Maid-Rite
Yes, we actively support the inclusion and development of minority-owned franchises in the Maid-Rite system.
Maid-Rite
2951 86th St.
Des Moines, IA 50322
800#:
Tel: (515) 276-5448
Fax: (515) 276-5449
E-mail: maidrite@maid-rite.com
Web Site: www.maid-rite.com
Contact: Ms. Tania Burt, Executive Vice President
MAID-RITE sandwich shoppes were founded in 1926 in Muscatine, IA. We are famous for out loose meat sandwiches. We are an affordable franchise choice, with assistance for a turn-key restaurant. We have a training school for franchisees to assist in learning all aspects of restaurant operations.
Franchisor Background
Established: 1926
First Franchise: 1928
Franchise Units: 70
Company-Owned Units: 3
Total Units: 73
Distribution:
> North America -- Operations in 8 States
> States/Provinces with Greatest Density: 47 in IA, 13 in IL, 6 in MO
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 2 FT, 10 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,800 SF; SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $50-100K
Total Investment: $125K-1.2MM
Average Total Investment: $300K
Minimum Net Worth: $500K
Fees
>Franchise: $30K
>Average Franchise Fee: $30K
>Royalty: 4%
>Advertising: 3%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Allowed
Area Development Agreements:Yes/Varies
Sub-Franchising Contracts: Yes
Expand In Territory:yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 40
On-Going Support: B,C,D,E,F,G,H,I (for an explanation click here)
Training: 1-2 Weeks Owner; 1-2 Weeks Manager; 1 Week On-Site Grand Opening.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: Midwest, FL, CA, CO
Note: NR = No Response by Franchisor.
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