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Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs AllStar Wings & Ribs 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 | $772,500 - $1,093,286 |
Franchise Fee | $24,500 | $45,000 |
Royalty Fee | $250/wk. or 3% | - |
Advertising Fee | - | - |
Year Founded | 1990 | 2003 |
Year Franchised | 1995 | 0 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | It helps to have specific knowledge of the industry. It is not necessary to be a foodservice professional to successfully operate the business. The "Extraordinary Training" function is specifically designed to educate and train franchisees that do not have significant 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 | - | 8 weeks at Home Office. Initial Training covers the A to Z of running your restaurant. We supply The AllStar Operation Manuals, Employee Handbooks and Training Manuals. The application of the operating system is thoroughly covered during training. This includes: Staff recruitment and management Supply Chain Management and Inventory Control Food Preparation and Presentation Advertising and Marketing Financial and Business Administration All other topics relevant to running your Franchised Business. Training is ongoing for everyone in the AllStar System and is accomplished at regional meetings, by on-site visits to individual franchises, newsletters and on-going research and development of the System. |
Support | Grand opening, Internet, Field operations/evaluations | Pre and Post Opening site support as well as on-going support. |
Marketing | - | - |
Operations |
Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | We prefer owner/operators. We will consider an arrangement in which one shareholder is silent Your partner must be a working shareholder holding a minimum of 10% of the shares. |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | Yes |
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.