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Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs Scores Restaurants 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 | $537,000 - $737,000 |
Franchise Fee | $24,500 | $45,000 |
Royalty Fee | $250/wk. or 3% | 6% |
Advertising Fee | - | 2% |
Year Founded | 1990 | 1995 |
Year Franchised | 1995 | 1996 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | To qualify, an individual or group must have a strong desire to own and operate the unit. Scores looks for owner - operators who are fully committed to the business and to making it a success, as well as an ability to relate well to employees, customers and the community. At Scores we are constantly seeking high caliber owner-operators with a background in food service driven businesses and a keen respect with and for the workings of a restaurant. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | Eight to twelve weeks of in-store training for themselves and their key management people, in an appropriately designated Scores restaurant |
Support | Grand opening, Internet, Field operations/evaluations | Assistance during the hiring process and additional support at the restaurant opening to assist with staff training and to ensure the restaurant opens smoothly. Ongoing support includes regular visits from the H/O management, regional meetings and annual franchise conventions. |
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.