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Below is an in-depth analysis and side-by-side comparison of Le Biftheque vs Black Bear Diners including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | N/A | $1,133,800 - $2,114,200 |
Franchise Fee | $40,000 | $55,000 |
Royalty Fee | - | 4.5% |
Advertising Fee | - | 1% |
Year Founded | 1981 | 1995 |
Year Franchised | 1989 | 2002 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | On-The-Job Training: 240 hours Additional Training: At certified training restaurants |
Support | - | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations | - | Number of Employees Required to Run: 65 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Le Biftheque restaurants, with over a quarter of a century of experience, are renowned for exceptional meals at unparalelled value. We age and cut our beef in our own retail butcher shops, allowing us to offer our guests the complete steakhouse experience. With banquet and meeting facilities, we can accommodate every corporate and private need.