Steaks To Go vs Johnny Rockets Franchise Comparison

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

Start-Up Costs and Fees
 
Steaks To Go Franchise
Johnny Rockets Franchise
Investment $110,000 - $150,000$581,000 - $877,000
Franchise Fee $24,500$49,000
Royalty Fee $250/wk. or 3%5%
Advertising Fee --
Year Founded 19901986
Year Franchised 19951987
Term Of Agreement 5 years10 years w/two 5-year options
Term Of Agreement 5 years10 years w/two 5-year options
Renewal Fee --


Business Experience Requirements
 
Steaks To Go Franchise
Johnny Rockets Franchise
Experience - You and/or a business partner(s) must have at least two years restaurant owner/operator experience.

You and/or a business partner(s) must have a net worth of $500 thousand per unit, and available liquid capital of $200 thousand per unit, or more, (net worth of $1.5 million per unit, and available liquid capital of $500 thousand per unit, or more, outside of the U.S.), in order to qualify for development of up to five units.

Development of six units or more will be considered on a case by case basis, pending your net worth and available liquid capital.


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

Training & Support
 
Steaks To Go Franchise
Johnny Rockets Franchise
Training --
Support Grand opening, Internet, Field operations/evaluationsMeetings, Grand opening, Field operations/evaluations
Marketing -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)

 Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 48 - 53

Absentee ownership of franchise is NOT allowed. (98% of current franchisees are owner/operators)

Expansion Plans
 
Steaks To Go Franchise
Johnny Rockets Franchise
US Expansion --
Canada Expansion NoNo
International Expansion YesYes

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 Johnny Rockets

Johnny Rockets is an international restaurant chain that offers the food, fun and friendliness of classic, timeless, feel-good Americana. Every Johnny Rockets restaurant serves simple, great-tasting food from a menu of all-American favorites, including our juicy hamburgers, crispy American Fries, classic sandwiches and rich, delicious hand-dipped shakes and malts. It's the place to go for friendly service, flavorful food, uplifting music and relaxed, casual fun. With annual sales in excess of $300 million, Johnny Rockets is a time-tested brand with an extraordinarily high awareness level, a loyal customer base and a broad demographic appeal. The all-American theme is one that has proven to be universal and that leaps across all geographic and cultural boundaries. It easily translates into any language and relates to the best concepts of America, around the globe. Throughout the world, people appreciate the stereotypical home-cooked goodness of classic comfort foods; smiling, outgoing service and a bright, clean, cheerful atmosphere.

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