Damon's vs Ruth's Chris Steak House Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Damon's vs Ruth's Chris Steak House including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Damon's Franchise
Ruth's Chris Steak House Franchise
Investment $1,200,000 - $3,200,000$2,539,500 - $5,923,500
Franchise Fee $50,000$150,000
Royalty Fee 4%5%
Advertising Fee -2%
Year Founded 19791965
Year Franchised 19821976
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Damon's Franchise
Ruth's Chris Steak House Franchise
Experience
  • Industry experience
  • -

    Financing Options

     
    Damon's Franchise
    Ruth's Chris Steak House Franchise
      In-House/3rd PartyIn-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

     
    Damon's Franchise
    Ruth's Chris Steak House Franchise
    Training --
    Support Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, Regional advertising-
    Operations Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 80

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    Damon's Franchise
    Ruth's Chris Steak House Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Damon's

    Founded in 1979, Damon's International, Inc., is headquartered in Columbus, Ohio. With more than 100 company and franchised locations worldwide, Damon's International, Inc., is a leading full-service, casual dining restaurant concept that emphasizes prime rib, grilled steaks, chicken, seafood, salad and Damon's award-winning ribs. Guests enjoy a quiet dining room or Damon's high-energy Clubhouse that features DTV, a proprietary, state-of-the-art multi-screen entertainment system offering sports, network programming and interactive games. Join a growing brand and enjoy the benefits of a great restaurant heritage and a strong and committed management team. Built upon a strong reputation for excellent barbecued ribs and outstanding entertainment in a unique dining environment, Damon's Grill is one of the industry's most distinctive casual theme restaurant concepts with high energy and great food. Damon's Grill has several lucrative territories available to experienced restaurant professionals who can demonstrate financial and operating capabilities.

    About Ruth's Chris Steak House

    With more locations than any other upscale steakhouse, our excellent service, genuine hospitality and signature sizzle is recognized by customers worldwide. The recipe is brilliantly simple: we deliver the best steak experience one memorable meal at a time, each and every time. Just like our fearless founder, Ruth Fertel, did all those years ago. Sometimes it's good to be picky: As a publicly held company with over 130 successful locations, we've worked with diverse partners to position our steak houses in unique locations. You'll find us in major hotels, casinos, prime corners of high-end malls, the most visited downtown areas - even in Boston's venerable Old City Hall. Only the very best will do: The people you want to attract to your next development - upscale, tasteful and loyal - all know what to expect from the Ruth's Chris Steak House experience. They look to us for our inviting atmosphere, award-winning wine list, USDA Prime steaks, homemade dishes and quality ingredients. 1800 broiler. 180 difference: Our USDA Prime steaks are prepared in a special 1800 broiler to seal in the juices and lock in that delicious flavor. We bring that same special sizzle to every location we call home.