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Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs Crabby Joes including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $110,000 - $150,000 | $700,000 - $850,000 |
Franchise Fee | $24,500 | $35,000 |
Royalty Fee | $250/wk. or 3% | 5% |
Advertising Fee | - | 2% |
Year Founded | 1990 | - |
Year Franchised | 1995 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Grand opening, Internet, Field operations/evaluations | - |
Marketing | - | - |
Operations |
Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
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.
Crabby Joe's is a fresh, entertaining concept setting new standards in the hospitality industry. In the months and years ahead, you will see more of the Crabby Joe's concept in locations throughout Ontario. Crabby Joe's Tap & Grill has already grown throughout southern Ontario and is now poised for rapid future expansion. Several markets have been identified as desirable opportunities and they look forward to discussing these with you.Crabby Joe's like to poke fun at themselves and to encourage their customers to share in an enjoyable visit. They promote themselves in the community, and encourage their franchisees to be active in their participation in special events, sponsoring local sports associations and helping charitable organizations, Crabby Joe's wants to be front and centre in the community. The fun theme is also carried through with their clients, encouraging them to participate in contests such as to jokingly nominate, "The Crabbiest Boss of the Month, etc., etc."