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Below is an in-depth analysis and side-by-side comparison of Hooters vs Montana SteakBurgers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $956,500 - $4,275,000 | N/A |
Franchise Fee | $75,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | 2.5% | - |
Year Founded | 1983 | - |
Year Franchised | 1986 | - |
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 | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: Varies Classroom Training: Varies | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection | - |
Marketing | Ad Templates National Media Regional Advertising Social media Website development Loyalty program/app | - |
Operations | - | - |
Expansion Plans |
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US Expansion | No | - |
Canada Expansion | - | - |
International Expansion | Yes | - |
There are no franchise opportunities available in the United States. Every region has been sold and our franchisees are not allowed to sub-franchise. International Hooters of America has franchise opportunities in the following countries: * Baltic States * Belorussia * Benelux * Bolivia * Bulgaria * Canada (Newfoundland) * Czech Republic * Denmark * Dominican Republic * Ecuador * Finland * France (multi-territory) * Hungary * Iceland * Italy (multi-territory) * Netherlands * Norway * Poland
Though Spadaro says there are no plans to sell franchises, he doesn't rule out the possibility in the future. Montana SteakBurgers features flame-grilled steakburgers, steaks, and beer in a Western saloon atmosphere.