Monk's Bar And Grill Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$749,500 - $3,435,000
Franchise Fee
$10,000
Total US Locations
6
Business Summary
Monkburger Franchise Group LLC grants franchises for Monk's Bar and Grill® Restaurants, which are full-service establishments. These restaurants specialize in classic and gourmet hamburgers, alongside distinctive appetizers, specialty sandwiches, salads, and a variety of alcoholic and non-alcoholic beverages, all presented in a unique sports-themed atmosphere.
Corporate History
Monkburger Franchise Group LLC was established as a Wisconsin limited liability company on July 1, 2012. The company began offering franchises for its Monk's Bar and Grill® Restaurant concept in April 2013. Some Monk's Restaurants have a longer operating history, with one in Wisconsin Dells operating since 1947 and another in Lake Delton since 2006, both having been converted from affiliate-owned locations to franchised ones.
Financial Overview
Investment Range
$749,500 - $3,435,000
Franchise Fee (Low)
$10,000
Franchise Fee (High)
$30,000
Royalty %
3.5%
Marketing %
1%
Equipment Costs (Low)
$500,000
Equipment Costs (High)
$2,540,000
Working Capital
$75,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Monkburger Franchise Group LLC's financial health shows some areas of change. Cash on hand decreased significantly from $624,038 at the beginning of 2023 to $231,462 by the end of 2023. This was largely due to a $600,000 distribution made during the year. Despite this, the company maintained a positive net income of $262,589 in 2023, though this was lower than the previous year's $383,737. Cash generated from its core operations remained positive at $278,836 in 2023. The company has strong short-term liquidity, with current assets of $575,897 well exceeding its current liabilities of $167,756 at the end of 2023. The financial statements received an unqualified opinion from the auditors, indicating they present a fair view of the company's financial position.
Financing Details
Monkburger Franchise Group LLC does not offer any direct or indirect financing to its franchisees. Additionally, Monkburger Franchise Group LLC does not guarantee any notes, leases, or other financial obligations for franchisees.
Performance Metrics
Total US Locations
6
Franchised Units
6
Corporate Units
0
Avg Square Footage
8,500
Franchising Since
2013
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Monkburger Franchise Group LLC has no litigation to report, indicating a clear legal record for the franchise.
Bankruptcy History
Monkburger Franchise Group LLC has no bankruptcy history to disclose, indicating that neither the franchisor nor its key personnel have undergone any bankruptcy proceedings.
Agreement Terms
Initial Term
20 years
Renewal Conditions
To renew their Monk's Bar and Grill® franchise, franchisees must provide Monkburger Franchise Group LLC with at least 180 days' written notice before their agreement ends. They must have followed all the important rules of their current agreement and paid all money owed to Monkburger Franchise Group LLC. Franchisees need to agree in writing to remodel their restaurant to meet the latest brand standards, and they must have the right to continue occupying their location. They also need to sign Monkburger Franchise Group LLC's current standard franchise agreement, pay a reacquisition fee (up to 25% of the initial fee for the new agreement), and ensure their management staff completes any required training. The new franchise agreement may have significantly different terms and conditions than the original.
Training & Support Program
Franchisor Assistance
Before a Monk's Bar and Grill® Restaurant opens, Monkburger Franchise Group LLC helps franchisees by reviewing their proposed site and lease, training them and their management team, and sending an Opening Team of four trainers to assist for at least 14 days, with additional days available for an extra fee. They also provide the Operations Manual, a schedule of required foods and equipment, lists of approved suppliers, and a sample menu. After opening, Monkburger Franchise Group LLC offers ongoing support including additional training when new management is hired or deemed necessary, basic accounting and business procedures, general marketing recommendations, reviews of local advertising, and management of the Production Fund. They conduct periodic restaurant visits, provide written reports, protect and enforce the brand's trademarks, and offer advisory services via phone or in writing. Menu modifications and updates to the Operations Manual are also provided. Franchisees can request consulting assistance or interim management for an additional fee.
Initial Training Hours
400
Training Location
Wisconsin Dells, WI
Ongoing Support
After opening, Monk's Bar and Grill® franchisees receive several types of ongoing support from Monkburger Franchise Group LLC. This includes access to basic accounting and business procedures and general marketing recommendations. Monkburger Franchise Group LLC reviews local advertising and manages the Production Fund. Franchisees can expect periodic visits and written reports from Monkburger Franchise Group LLC. The franchisor also works to legally protect and enforce its brand trademarks and develops new ones as needed. Advisory services are available by telephone or in writing upon reasonable request, and franchisees receive menu modifications and updates to the Operations Manual. Additional training is provided if new management is hired or if Monkburger Franchise Group LLC determines it's necessary, with the franchisee paying a per diem fee and travel expenses. Consulting assistance and interim management can also be provided at the franchisee's request, incurring additional fees.
Franchise Requirements
Ideal Candidate Profile
Monkburger Franchise Group LLC seeks an Operating Partner for each Monk's Bar and Grill® Restaurant who has a minimum of 5 years of restaurant management experience. This individual must be knowledgeable in all aspects of restaurant operations, including hiring, scheduling, purchasing, training, quality control, employee supervision, customer relations, marketing, and financial management. The Operating Partner is required to hold at least a 25% ownership stake in the franchisee entity and must dedicate their full-time efforts to managing the restaurant.
Industry Experience Required
Yes
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Min Years Experience
5
Operational Details
Location Type
retail
Owner Participation
full-time
Territory Type
protected
Territory Size Requirements
Monkburger Franchise Group LLC grants a 'Protected Area' for each Monk's Bar and Grill® Restaurant, which is typically defined as an area within a 2-mile radius for densely populated urban areas or a 10-mile radius for less populated areas. Alternatively, the territory may be specifically outlined on a map attached to the franchise agreement. While Monkburger Franchise Group LLC will not establish another Monk's Restaurant within this Protected Area, franchisees should note that the franchisor states they will not receive an exclusive territory and may still face competition from other concepts or channels of distribution controlled by Monkburger Franchise Group LLC, or from Monk's Restaurants located in specific venues like college campuses or airports.
Staffing Notes
Monkburger Franchise Group LLC expects that during all business hours, the Monk's Bar and Grill® Restaurant will have Management Staff on duty to supervise employees and operations. Franchisees are responsible for ensuring a sufficient number of well-trained service, kitchen, and other personnel are available to provide efficient customer service. All employees are required to meet appearance standards and wear standard attire or uniforms as specified in the Operations Manual. The Management Staff includes an Operating Partner (who must have at least 5 years of restaurant management experience and devote full-time effort), a General Manager, and a Kitchen Manager. For multi-unit developers, one member of their Management Staff must become a certified trainer to assist in training employees for their second and subsequent restaurants, reducing the number of trainers provided by Monkburger Franchise Group LLC.