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Updated RecentlyFamous Dave's vs Steak-Out Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Famous Dave's vs Steak-Out including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $481,750 - $4,495,750 | $271,000 - $453,000 |
| Franchise Fee | $45,000 | $30,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 1%Nat'l + 1.5% local | - |
| Year Founded | 1995 | 1986 |
| Year Franchised | 1998 | 1988 |
| Term Of Agreement | 20 years | 10 years |
| Term Of Agreement | 20 years | 10 years |
| Renewal Fee | 50% of then-current fee | $12.5K |
Business Experience Requirements |
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| Experience | * Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food. | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | No/No | No/No |
| Equipment | No/Yes | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad slicks, National media |
| Operations |
Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit Number of employees needed to run franchised unit: 65 Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators) |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 30 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Famous Dave's
Famous Dave's is a "specialty" casual dining restaurant franchise, creating environments that transcend current restaurant offerings by serving the highest quality, flavor-intense foods in surroundings that are stimulating, interesting and fun! Famous Dave's is more than a restaurant - it's an escape from the ordinary.
Few restaurants in history have achieved as much recognition in a few short years as Famous Dave's!
Dave's road to fame began with a strong hankerin' for fine barbecue and a stronger desire to make the finest slow-smoked barbecue folks had ever tasted. He visited rib shacks, roadside joints, every hole-in-the-wall or fancy pants supper club he could, all in search of the most succulent meats, savory seasonings and lipsmackin' sauces around.
After 25 years of tastin' and cookin', Dave's barbecue just plain knocked the socks off his family and friends. That's when Dave decided he had to share. He wanted to give all the folks a chance to dig into the best barbecue ever. And in a place as down-home fun and frolicsome as the shacks and clubs he went a callin' on all those years.
!["Top]("https://d1v10wa6gxsq73.cloudfront.net/images/production/top100_icon3.png")
#57 in Gator's Top franchises.
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#96 on Franchise Rankings.com
About Steak-Out
Franchising since 1988, Steak-Out Franchising Inc. CEO Don Harkleroad knows a lot about home meal replacement. Steak-Out offers delivery franchises in the Southeast, Mid-Atlantic and Midwest. The privately held company offers both multi-unit opportunities and exclusive areas for growth.