Famous Dave's vs Steaks To Go Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Famous Dave's vs Steaks To Go including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Famous Dave's Franchise
Steaks To Go Franchise
Investment $481,750 - $4,495,750$110,000 - $150,000
Franchise Fee $45,000$24,500
Royalty Fee 5%$250/wk. or 3%
Advertising Fee 1%Nat'l + 1.5% local-
Year Founded 19951990
Year Franchised 19981995
Term Of Agreement 20 years5 years
Term Of Agreement 20 years5 years
Renewal Fee 50% of then-current fee-


Business Experience Requirements
 
Famous Dave's Franchise
Steaks To Go Franchise
Experience * Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food. -

Financing Options
 
Famous Dave's Franchise
Steaks To Go Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/NoNo/No
Start-up Costs No/NoNo/No
Equipment No/YesNo/No
Inventory No/NoNo/No
Receivables No/NoNo/No
Payroll No/NoNo/No

Training & Support
 
Famous Dave's Franchise
Steaks To Go Franchise
Training --
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesGrand opening, Internet, Field operations/evaluations
Marketing Co-op advertising, Ad slicks, Regional advertising-
Operations Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 65

Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators)

Number of employees needed to run franchised unit: 10

Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Expansion Plans
 
Famous Dave's Franchise
Steaks To Go Franchise
US Expansion Yes-
Canada Expansion NoNo
International Expansion NoYes

Company Overviews

About Famous Dave's

Famous Dave's is a "specialty" casual dining restaurant franchise, creating environments that transcend current restaurant offerings by serving the highest quality, flavor-intense foods in surroundings that are stimulating, interesting and fun! Famous Dave's is more than a restaurant - it's an escape from the ordinary. Few restaurants in history have achieved as much recognition in a few short years as Famous Dave's! Dave's road to fame began with a strong hankerin' for fine barbecue and a stronger desire to make the finest slow-smoked barbecue folks had ever tasted. He visited rib shacks, roadside joints, every hole-in-the-wall or fancy pants supper club he could, all in search of the most succulent meats, savory seasonings and lipsmackin' sauces around. After 25 years of tastin' and cookin', Dave's barbecue just plain knocked the socks off his family and friends. That's when Dave decided he had to share. He wanted to give all the folks a chance to dig into the best barbecue ever. And in a place as down-home fun and frolicsome as the shacks and clubs he went a callin' on all those years.

"Top
#57 in Gator's Top franchises.

"franchiserankingscom"
#96 on Franchise Rankings.com


About Steaks To Go

NO LONGER FRANCHISING

Steaks To Go was established in 1990 by Daniel Okonta. The Murfreesboro, Tennessee-based organization fused the Steaks To Go Franchise Company Inc. in 1994 and started diversifying in 1995. The organization offers both single eatery units and region improvement assentions, which take into consideration a predetermined domain. Steaks To Go has areas in the United States and Canada.