Steaks To Go vs Wingstop Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs Wingstop including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Steaks To Go Franchise
Wingstop Franchise
Investment $110,000 - $150,000$376,300 - $724,200
Franchise Fee $24,500$30,000
Royalty Fee $250/wk. or 3%6%
Advertising Fee -4%
Year Founded 19901994
Year Franchised 19951998
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee --


Business Experience Requirements
 
Steaks To Go Franchise
Wingstop Franchise
Experience -
  • General business experience
    		•

    Financing Options
     
    Steaks To Go Franchise
    Wingstop Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support
     
    Steaks To Go Franchise
    Wingstop Franchise
    Training -On-The-Job Training: 139 hours Classroom Training: 48 hours
    Support Grand opening, Internet, Field operations/evaluationsMeetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing -Co-op advertising, Ad slicks, 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: 8 - 10

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    Expansion Plans
     
    Steaks To Go Franchise
    Wingstop Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Steaks To Go

    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.

    About Wingstop

    Wingstop Franchising LLC is the franchisor. Wingstop restaurants offer chicken wings in a variety of highly-seasoned flavors. They also offer fresh-cut French fries, other foods, and beverages, including beer and wine where legally permitted. A Wingstop franchise entitles the franchisee to operate one restaurant at an approved location.

    Veteran Incentives   $15,000 off first-store franchise fee
    ""      "Entrepreneur

    #42 in Franchise 500 for 2020.
    #22 in Franchise 500 for 2021.