Steaks To Go vs Checkers Drive-In Franchise Comparison

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

Start-Up Costs and Fees
	Steaks To Go Franchise	Checkers Drive-In Franchise
Investment	$110,000 - $150,000	$259,000 - $1,431,000
Franchise Fee	$24,500	$30,000
Royalty Fee	$250/wk. or 3%	4%
Advertising Fee	-	4.5%
Year Founded	1990	1986
Year Franchised	1995	1989
Term Of Agreement	5 years	20 years
Term Of Agreement	5 years	20 years
Renewal Fee	-	-
Business Experience Requirements
	Steaks To Go Franchise	Checkers Drive-In Franchise
Experience	-	Industry experience General business experience
Financing Options
	Steaks To Go Franchise	Checkers Drive-In Franchise
	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
	Steaks To Go Franchise	Checkers Drive-In Franchise
Training	-	On-The-Job Training: 160-220 hours Classroom Training: 32-40 hours Additional Training: In training restaurant
Support	Grand opening, Internet, Field operations/evaluations	Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection
Marketing	-	Co-op advertising, 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)	-
Expansion Plans
	Steaks To Go Franchise	Checkers Drive-In Franchise
US Expansion	-	Yes
Canada Expansion	No	No
International Expansion	Yes	Yes

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 Checkers Drive-In

Checkers Drive-In Restaurants, Inc. is the largest double drive-thru restaurant chain in the United States. Checkers develops, produces, owns, operates, and franchises quick service “double drive-thru” restaurants under the two brand names “Checkers" and “Rally’s Hamburgers". The restaurants are designed to provide fast and efficient automobile-oriented service and appeal to guests of all ages. The double drive-thru concept allows Checkers' and Rally’s Hamburgers to capitalize on the fact that approximately fifty percent of all quick-service food business is drive-thru. Guests can also enjoy a 1950’s flashback with walk-up ordering and outdoor dining in the outside picnic area at most locations.

The total investment necessary to begin operation of a Checkers Restaurant (excluding real estate and related costs) is: $780,000 to $1,431,000 for a new modular design single drive-thru restaurant; $320,500 to $787,000 for a site built, conversion or used modular drive-thru restaurant; $259,700 to $648,000 for an endcap strip-center and gas/convenience restaurant; and $254,000 to $514,000 for a Non-Traditional, Walmart or in-line restaurant in a high-density market. This includes $10,000 to $50,000 that must be paid to the franchisor or an affiliate, plus $10,000 for each additional restaurant that you agree to develop under a development agreement.