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Below is an in-depth analysis and side-by-side comparison of Steaks To Go vs The Original Hot Dog Factory 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 | $97,500 - $517,887 |
Franchise Fee | $24,500 | $20,000 |
Royalty Fee | $250/wk. or 3% | 5.5% |
Advertising Fee | - | 1% |
Year Founded | 1990 | 2010 |
Year Franchised | 1995 | 2018 |
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 | - | On-The-Job Training: 20 hours Classroom Training: 20 hours |
Support | Grand opening, Internet, Field operations/evaluations | Ongoing Support Meetings/Conventions Grand Opening Field Operations Site Selection |
Marketing | - | Marketing Support National Media Regional Advertising Social media SEO |
Operations |
Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Absentee Ownership Allowed |
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.