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Updated RecentlyDamon's vs Shula's Steak House Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Damon's vs Shula's Steak House including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $1,200,000 - $3,200,000 | $1,126,600 - $3,037,500 |
| Franchise Fee | $50,000 | $150,000 - $175,000 |
| Royalty Fee | 4% | 12% |
| Advertising Fee | - | Not less than $30,000 |
| Year Founded | 1979 | - |
| Year Franchised | 1982 | - |
| Term Of Agreement | 10 years | 10 years +10+10 |
| Term Of Agreement | 10 years | 10 years +10+10 |
| 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 | - | The Franchise Owner, the Head Coach, the Business Development Manager, the Shula's Chef, and any oth�er employees that designated must attend and complete the Basic training program. The training is based at the franchise premise for 14 days. The franchisee must pay for the expenses incurred by the franchisor during the basic training. The Head Coach, Business Development Manager, and Shula's Chef must complete the Managers' Training Program, which consists of three to five business days located at corporate headquarters. |
| 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) | The franchisee must act as or hire a designated Head Coach to act as the franchised business's general manager. The Head Coach must devote, on a full-time basis, his or her best efforts to managing and operating the franchised business. The franchised business requires the Head Coach's day-to-day supervision. The franchisee must also hire a Business Development Manager, who is primarily responsible for developing business from individuals and organizations within the protected territory. The franchisee must also hire a Shula's Chef, who is the franchised business's head chef and is primar�ily responsible for operating and managing its kitchen. |
Expansion Plans |
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| 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 Shula's Steak House
The desire to become a part of a continuing success story is why Shula's Steak House has become a popular consideration for those in the area of food franchising. The legendary status of a Hall of Fame football coach is coupled with maintaining rigorous standards when it comes to the quality of the steaks it offers. That's an unbeatable combination that keeps customers coming through the doors for every franchisee. The pinnacle of the restaurant's menu is the Shula Cut, a custom center cut of Black Angus beef that's been handpicked by those raising these cattle. After undergoing 10 different specifications that includes such things as marbling, leanness and consistency and being properly aged, only one percent of the cattle under consideration are selected. That's been the company's standard since it first opened in 1989, and striving for excellence has been the philosophy of Don Shula for his entire life.