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Updated RecentlySteak n Shake vs Hot Fries Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Steak n Shake vs Hot Fries including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $672,000 - $1,835,000 | $166,997 - $374,900 |
| Franchise Fee | $25,000 - $40,000 | $30,000 |
| Royalty Fee | 5.5% | - |
| Advertising Fee | - | - |
| Year Founded | 1934 | - |
| Year Franchised | 1945 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | Strong Sales and Client Service Abilities • Good with Timing and Schedule Management • High Personal Standards • Able to Meet Initial Investment Requirements • Strong Sense of Integrity in Corporate and Client Relationships • A Willingness and Commitment to Excellent Service Targeted experiences for potential franchise owners may include: • Franchise Operations or Hospitality Service Industry Experience • Business Owner and/or Managerial Experience • Entrepreneurial team who wants to start a business |
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 | - | 2-3 Weeks of training at Hot Fries HQ in Southern California beginning approximately 8 weeks before the franchise is scheduled to open for business • 1 week of training at your location to get your business started • 2 sessions per year, which can be up to 2 days of refresher/update training or meetings in each session • Ongoing support and guidance in building and operating your business |
| Support | � Unparalleled Operations Support - A Steak n Shake Manager of Field Operations will help you open your restaurant and will be available for consultation with day-to-day operations. To help ensure a smooth restaurant opening experience, Steak n Shake will provide your first training hours via seasoned Steak n Shake trainers/staff. You will also receive our Operating Standards System, Manager-in-Training and Management Development Programs. Through your Manager of Field Operations, you will have the multi-functional resources of the Steak n Shake Company working on your behalf. | When you join the Hot Fries team as a franchise owner, you will receive outstanding support in a number of different exciting areas: • Operational Support • Marketing Support • Purchasing Support • Accounting and Legal Support • Ongoing Research and Development |
| Marketing | � World Class Marketing - The Steak n Shake marketing is directed toward building brand loyalty and is not price-driven or reliant on low price discounting. Steak n Shake's television and print marketing are product-benefit directed, showing why Steak n Shake is superior to fast food alternatives with a fun, irreverent, tongue-in-cheek humorous approach. Sample television spots are available on this website for your viewing pleasure. The Marketing System is user-friendly and designed for the success of Franchisees. | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Steak n Shake
Benefits of Franchising
The benefits of franchising with Steak n Shake can't be duplicated:
* Proven Concept - The Steak n Shake concept has withstood all types of economic circumstances and continually emerged stronger and stronger.
* Growing - Since 1996, Steak n Shake system-wide sales have grown from $268 million to $549 million. In the past decade, the chain has doubled in size.
* Huge, Untapped Development Potential - Steak n Shake currently operates over 490 restaurants in just 20 states. Looking ahead, we forecast that Steak n Shake has the potential to develop over 1,000 units nationwide.
* Unique Niche Positioning - There is no single offering that is a head-on alternative to our restaurant concept. Steak n Shake serves a distinct niche in the mid-scale, casual dining segment of the restaurant industry.
* Core Products that Generate a Strong Loyal Following - The core of the Steak n Shake menu includes STEAKBURGERS, thin and crispy French Fries, Chili, and Hand-dipped Milk Shakes.
* Product Development - Steak n Shake has a pipeline of new products that build on core products consumers love. Recent innovations have included new Side-by-Side Milkshakes and Sippable Sundaes.
Future innovations will include more milkshake innovation, burger news, and health conscious offerings.
All of these benefits equal a great chance at success in the restaurant business. The only thing missing is you.
About Hot Fries
Never heard “gooder” before? That’s okay, you’ve never seen an
opportunity like this before, either. Maybe we’ve let all that
seasonings go to our heads, but we like to stay on top of the trends
by offering an extensive menu with a local edge that includes
regionalized fries, chicken and drinks. Hot Fries is hot because we’re everything that mega corporations aren’t. Passionate people instead of cold-hearted committees. Cooked-with-care instead of made-by-
machine. Got-your-back instead of stab-in-the-back. If this sounds like your kind of business, we’ll be proud to have you.
We start with the finest potatoes, slice them for maximum crispiness,
flash-fry them to a perfect golden brown, and hand-season them while they’re hot.
That’s what turns regular fries into Hot Fries!
Hot Fries came into existence in order to offer to the world the best
potatoes ever. Beside the fries, we have formulated a variety of special seasonings to enhance your experience when enjoying our fries. Our packaging, in which we serve the fries, has been designed so that you
can eat the fries while walking around or enjoy them while sitting.
It is our goal that you enjoy the tastes offered by Hot Fries as well as
the experience of choosing, ordering and consuming our specialties that feature no trans fat oils & support sustainable farming!