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Below is an in-depth analysis and side-by-side comparison of Great Steak vs Foster's Grille including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $155,900 - $520,300 | $291,700 - $538,100 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | - | - |
Year Founded | 1983 | 1999 |
Year Franchised | 1986 | 2005 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
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/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more. | - |
Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Ad slicks, National media, Regional advertising | - |
Operations |
International franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Great food and good times are always on tap at Foster’s Grille, your
friendly neighborhood gathering place. Simple, fresh food. Served fast
and made to order. From our famous Charburgers to our jumbo wings,
extra-thick shakes and hand-cut fries, Foster’s is your go-to place to
join the family for dinner, catch the big game, relax for a few happy
hours or just grab take-out on the way home. It’s always the right time
for Foster’s.