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Updated RecentlyFamous Dave's vs Steak & Stuff Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Famous Dave's vs Steak & Stuff 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 | $95,000 - $115,000 |
| Franchise Fee | $45,000 | $15,000 |
| Royalty Fee | 5% | 3% |
| Advertising Fee | 1%Nat'l + 1.5% local | - |
| Year Founded | 1995 | 2006 |
| Year Franchised | 1998 | 2013 |
| Term Of Agreement | 20 years | 5 years |
| Term Of Agreement | 20 years | 5 years |
| Renewal Fee | 50% of then-current fee | - |
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. | No business experience required. General restaurant experience required. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/Yes |
| Start-up Costs | No/No | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/- |
| Payroll | 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 | *Email Newsletter *Advisory Meetings *Grand opening *Internet *Security/safety procedures *Field operations/evaluations *Purchasing cooperatives *Management Support *Training |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | *Local Media *Ad Slicks *Internet Ad campaign-- Google - Yahoo Etc *Gorilla Marketing Campaign *Facebook *Dedicated Store Web-site *Local Networking *Marketing Training for Franchisee. |
| 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) | *Number of employees- 20 - 25. *Owner/Operators Preferred . |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | No | Yes |
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 & Stuff
We opened Steak & Stuff in July 2006. Looking at all the large corporations overcharging potential franchise customers , we decided first of all to start our own and that we could provide better food than the competition. Second , after establishing ourselves we could offer other aspiring restaurant owners security within our company. Strength in numbers so to speak.
Franchising is about minimizing risks and maximizing your returns. As a Steak & Stuff franchisor we provide operating systems, solid research and development, established marketing methods and instant credibility. You will also receive extensive training and ongoing support which can reduce the risk and build success more rapidly than trying to do it on your own.
So if you are interested in becoming your own boss give us a call.
For as little as $95,000.00 you can franchise a Steak&Stuff. We offer what the others do with training, support, marketing etc. but its what we do that they don't that sets us apart.