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Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs WINGMAN WINGS 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 | $250,000 |
Franchise Fee | $24,500 | $25,000 - $83,750 |
Royalty Fee | $250/wk. or 3% | 4% |
Advertising Fee | - | 1% |
Year Founded | 1990 | 1992 |
Year Franchised | 1995 | 2001 |
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 | - |
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.
The original owners of what is now Wingman came to Colorado from New York. They found everything to their liking except for one thing. No "Buffalo-Style" chicken wings! Knowing that Colorado residents would come to love wings every bit as much as they did, they decided to open their own restaurant in 1981. Despite some doubt that a single item restaurant could make it, they opened their restaurant in Northglenn, Colorado and everyone loved it. Karl Kigerl and Joe Martin, the current owners, purchased the restaurant in 1992. After years of perfecting the perfect wing and sauce, Karl and Joe knew that the rest of Colorado and possibly the nation would need their "wing fix" and that Wingman was the only place to get it. They knew that the only way to get the word out is to open more Wingman restaurants. During the years it took to get the franchise package togther, Wingman Sauce became a fixture at the dinner table. People could get a bottle of Wingman sauce at the local grocery store or order it over the internet People can now get bottles of Wingman Sauce from their local Wingman fran�chisee. Now, Wingman is soaring to new heights. As a family friendly restaurant specializing in "Buffalo Style" wings, Wingman offers variety to our guests. From 10 wings to 10,000 wings, Wingman fills the bill at the dinner table or becomes the life of the party.