|
Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs Wing Zone including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $110,000 - $150,000 | $342,800 - $566,000 |
Franchise Fee | $24,500 | $30,000 - $40,000 |
Royalty Fee | $250/wk. or 3% | 5% |
Advertising Fee | - | 2% |
Year Founded | 1990 | 1991 |
Year Franchised | 1995 | 1999 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | - | $10K |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
||
Training | - | Wing Zone University, our training program consists of three (3) weeks of classroom and on-site training Our program consists of everything you need to know to open and successfully operate a Wing Zone, including: Recipes and Food-Prep Procedures Quality and Service Standards Guest Promise Inventory Procedures Food Safety Best Hiring Practices Local Store Marketing Digital and Social Media Online Review Management (Yelp, Google, Facebook) Grand Opening Plan |
Support | Grand opening, Internet, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives From the moment, you sign the Franchise Agreement to the day you open and beyond we’ll help and guide you with site selection, lease negotiations, finding and hiring the right contractor, store design and construction as well the training on how to open, hire the right people and operate your Wing Zone. |
Marketing | - | Ad slicks, National media, Regional advertising |
Operations |
Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
NO LONGER FRANCHISING
Steaks To Go was established in 1990 by Daniel Okonta. The Murfreesboro, Tennessee-based organization fused the Steaks To Go Franchise Company Inc. in 1994 and started diversifying in 1995. The organization offers both single eatery units and region improvement assentions, which take into consideration a predetermined domain. Steaks To Go has areas in the United States and Canada.
Join Wing Zone!
Here's your opportunity to join WingZone, one of the nation's fastest-growing takeout/delivery chains.
The Wing Zone concept was launched in 1991 in the most unlikely setting, a fraternity house kitchen. Despite Wing Zone's humble birth, the core idea targeted a pressing need in the marketplace: to serve high-quality, cooked to order food, available for takeout, delivery and dine-in. Today, this simple idea has become one of the hottest franchise opportunities around, having grown to nearly 100 restaurants.
Matt Friedman and Adam Scott conceived Wing Zone while at the University of Florida due to a dilemma they faced - there was no alternative to pizza delivery for students studying late or suffering from the late night hunger. To fill this void, Matt and Adam developed the Wing Zone concept and quickly expanded it into a great business opportunity.
The Wing Zone menu has grown over the years beyond just buffalo wings. It now includes chicken fingers, buffalo shrimp, half-pound burgers, chicken sandwiches and fresh salads. A key ingredient to Wing Zone's success is unchanged - its 25 signature sauces.
While Wing Zone is proud of its past, the company is focused on the future. Wing Zone is currently seeking franchise partners to help make Wing Zone the leading franchise opportunity with single, multi-unit, and area development opportunities available in many areas across the nation.