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Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs Elevation Burger 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 | $338,500 - $599,500 |
Franchise Fee | $24,500 | N/A |
Royalty Fee | $250/wk. or 3% | - |
Advertising Fee | - | - |
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 | - | Elevation Burger considers only highly motivated individuals and entities committed to building a great brand. Prior restaurant experience is a plus, but not required. |
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 | * Vendor Relationships * Real Estate, Design & Construction Tools * Franchisee Support Intranet * Employee Recruitment * Quality Control Checks * Grand Opening and Local Store Marketing * Continuous Upgrades to Menus & Recipes * Training of franchisee, management, kitchen staff, and wait staff prior to opening |
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.
Gourmet, organic burgers & fries!
Elevation Burger is elevating the burger segment using grass-fed, great tasting organic beef, cooking our fresh fries in olive oil, offering veggie burgers and fresh-scooped milk shakes. Elevation Burger prepares all items fresh and made to order.
Because ingredients matter. People want to feel good about the food they eat, the environment they purchase it in and the employees serving them. Elevation Burger is a pioneer in creating a burger meal that tastes good, uses ingredients recognized to be good for you and is served in an inviting atmosphere.