Steaks To Go vs Golden Chick Franchise Comparison

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

Start-Up Costs and Fees
 
Steaks To Go Franchise
Golden Chick Franchise
Investment $110,000 - $150,000$440,950 - $1,348,500
Franchise Fee $24,500$30,000
Royalty Fee $250/wk. or 3%4%
Advertising Fee -1%
Year Founded 19901967
Year Franchised 19951972
Term Of Agreement 5 years20 years
Term Of Agreement 5 years20 years
Renewal Fee -$10K


Business Experience Requirements
 
Steaks To Go Franchise
Golden Chick Franchise
Experience -
  • General business experience
  • Marketing skills
    		•

    Financing Options
     
    Steaks To Go Franchise
    Golden Chick Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support
     
    Steaks To Go Franchise
    Golden Chick Franchise
    Training - On-The-Job Training: 140 hours Classroom Training: 40 hours
    Support Grand opening, Internet, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software
    Marketing -Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing Loyalty program/app
    Operations

    Number of employees needed to run franchised unit: 10

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

    		 28% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 12 - 15

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    Steaks To Go Franchise
    Golden Chick Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    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.

    About Golden Chick

    Howard Walker opened the first Golden Fried Chicken location in San Marcos, Texas, in 1967. The restaurants, which served fried chicken, chicken tenders, mashed potatoes, biscuits and other favorites, quickly spread through Texas and Oklahoma. In 1996, the name was changed from Golden Fried Chicken to Golden Chick. The conversion included an image update and the addition of new menu items, such as Golden Roasted Chicken and a variety of new side items to go along with all the existing menu item favorites. Free-standing and co-branded units offer dine-in, takeout, drive-thru, catering and optional delivery service.

    The Original & Still the Best.
    Veteran Incentives  33.33% off franchise fee


    "Entrepreneur
    #334 in Franchise 500 for 2020.
    #302 in Franchise 500 for 2021.