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Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs Dreamland BBQ including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $110,000 - $150,000 | $750,000 - And Up |
Franchise Fee | $24,500 | $45,000 |
Royalty Fee | $250/wk. or 3% | 5% |
Advertising Fee | - | .25% |
Year Founded | 1990 | - |
Year Franchised | 1995 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Grand opening, Internet, Field operations/evaluations | - |
Marketing | - | - |
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 |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
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.
Thank you for your interest in franchise opportunities with Dreamland Bar-B-Que Ribs. The legend of Dreamland's famous ribs has grown throughout the state of Alabama and beyond. Today our ribs are still cooked over an open hickory-fired pit in our dining room much as they have been since 1958. The demand for these incredible ribs is awe-inspiring. As a result of this demand, Dreamland is selling franchises. Single-unit and multi-unit franchises are currently available in Alabama, Georgia, Florida, Mississippi, Tennessee and the South Carolina area.Dreamland is interested in attracting only the highest caliber franchisee. We seek individuals who meet the following criteria: Exceptional business skills and operational experience, particularly in the casual dining industry; Financial strength and stability to sustain a rapid development schedule; Financial resources that meet our requirements. Typically for single-unit development, a prospective franchisee should have a minimum net worth of $750,000 excluding personal residence, with $200,000 in liquid assets (i.e., cash or marketable securities only). For multi-unit development (for example, 3 or more restaurants), we require a minimum net worth of $2.25 million with $800,000 in liquid assets. Dreamland does not offer any type of financial assistance.