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Updated RecentlyGreat Steak vs Grandy's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Great Steak vs Grandy's 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 | $799,800 - $1,104,000 |
| Franchise Fee | $30,000 | $30,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | - | - |
| Year Founded | 1983 | 1973 |
| Year Franchised | 1986 | 1977 |
| 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 | - |
Company Overviews
About Great Steak
The Great Steak has manufactured a notoriety for offering the chief cheesesteak encounter. The rich history of the American Philly cheesesteak has propelled the Great Steak brand to respect the cheesesteak's initial beginnings by serving quality, moderate dinners that taste incredible. In the meantime, Great Steak keeps on improving in the cheesesteak classification by offering visitors an assortment of menu alternatives that incorporate claim to fame sandwiches, heated potatoes and celebrated fries. While concentrating on assortment, quality, freshness and stellar client benefit, the Great Steak group additionally perceives the significance of giving excellent support to the establishment group. Support is given through every day operational direction, menu development, advertising apparatuses, lively advancements and store stylistic theme redesigns.
The Great Steak brand is a present, pertinent idea that keeps on remaining consistent with the organization's center qualities, "meat and potatoes." It's this significance and the dedication to serving all-American solace nourishment that makes the Great Steak mark an engaging idea in urban communities the nation over. Kahala, the franchisor of Great Steak, has contrived an unmistakable arrangement and technique to opening and working your eatery. From work out, outline and development to fantastic opening celebrations and promoting strategies, Great Steak is overseen by a group of prepared, talented experts who will tutor and guide you along the way of owning your own particular Great Steak eatery.
About Grandy's
Grandy's is now seeking outstanding franchise candidates in selected markets across the United States who share our passion for serving great food and want to grow with our respected brand.
Currently Grandy’s is sourcing new franchisees in markets that now have or have had open Grandy’s restaurants.
Grandy's franchise strategy includes a complete plan for managing and operating the establishment for a prospective franchisee.
The plan provides step-by-step procedures for every aspect of the business and, anticipating most management problems, provides a complete matrix for management decisions confronted by the franchisees.
The growth projections for year 2006 and beyond for franchisees are very optimistic.
At Grandy's, franchisees are never alone, which is one of the strongest benefits that one could hope for in this tough business world. Franchisees have Grandy's support, as well as other franchisees, who have moved through parallel business experiences.
As Grandy's has matured, our brand name and trademark has become more valuable. What this means to you, a future franchisee, is that the multiplication of sites creates a stronger market presence, which benefits all franchisees.
If you are interested, please forward your name, contact information and geographical area of interest for development to [email protected] and someone will contact you as soon as possible.
Thanks for your interest in Grandy's!