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Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs Mighty Quinn's Barbeque 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 | $494,317 - $896,334 |
Franchise Fee | $24,500 | $45,000 |
Royalty Fee | $250/wk. or 3% | 5% |
Advertising Fee | - | 1% |
Year Founded | 1990 | 2012 |
Year Franchised | 1995 | 2018 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | We are looking for multi-unit franchisees or qualified investors with an established operating team. A passion for food and hospitality are the two most important traits in prospective franchisees. |
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 | - | Mighty Quinn’s will host your corporate and restaurant team at our training kitchen in New Jersey for extensive course work in production, systems and protocol. Franchisees will also spend time in Mighty Quinn’s restaurants during this process. An additional 2 weeks (one week prior and one week following the opening of your first restaurant) of training will be provided in your local market. Training tools and operational guidance will be provided to the franchisee throughout the process. |
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 | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | 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.