Million Snacks vs Great Steak Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Million Snacks vs Great Steak including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Million Snacks Franchise
Great Steak Franchise
Investment $109,050 - $302,000$155,900 - $520,300
Franchise Fee $2,000$30,000
Royalty Fee 5%6%
Advertising Fee 1%-
Year Founded 20091983
Year Franchised 20091986
Term Of Agreement 7 years10 years
Term Of Agreement 7 years10 years
Renewal Fee -$5K


Business Experience Requirements
 
Million Snacks Franchise
Great Steak Franchise
Experience
  • General business experience

  • Industry experience
  • General business experience
    		•

    Financing Options
     
    Million Snacks Franchise
    Great Steak Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/Yes
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    Million Snacks Franchise
    Great Steak Franchise
    Training -K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more.
    Support -Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Co-op Advertising Ad Templates Regional AdvertisingAd slicks, National media, Regional advertising
    Operations International franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 10

    Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

    Expansion Plans
     
    Million Snacks Franchise
    Great Steak Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Million Snacks

    At Million Snacks our mission is to give everyone an opportunity to own their own business while securing their future and financial goals. We know that taking the plunge into owning a business can be difficult, especially after layoffs or career changes. One of the most successful ways to maneuver into owning a business is through franchising. With that in mind, Million Snacks has perfected their franchise model to make it one of the most affordable in the industry. When you compare a Million Snacks Franchise Opportunity to some of the most popular fast food eateries on the market, we have the lowest franchising fee, lowest royalty fee in the snack food industry, and low startup costs. We have purposely made our franchise model MUCH more affordable. Why pay more to make your business dreams a reality, and to get your financial goals heading in the right direction? Why pay more than you need to when a Million Snacks Franchise offers you
    - A quality menu that provides much healthier alternatives to the average junk food sold by our competitors.
    - Startup cost flexibility using Express and Standard Models to create the size service store you want.
    - Assistance and training in your franchise.
    If you're ready to start, we're ready to show you how... with a proven system that works!
    We guide you through the process and offer the support you need in order to help you succeed.

    About Great Steak

    The Great Steak has manufactured a notoriety for offering the chief cheesesteak encounter. The rich history of the American Philly cheesesteak has propelled the Great Steak brand to respect the cheesesteak's initial beginnings by serving quality, moderate dinners that taste incredible. In the meantime, Great Steak keeps on improving in the cheesesteak classification by offering visitors an assortment of menu alternatives that incorporate claim to fame sandwiches, heated potatoes and celebrated fries. While concentrating on assortment, quality, freshness and stellar client benefit, the Great Steak group additionally perceives the significance of giving excellent support to the establishment group. Support is given through every day operational direction, menu development, advertising apparatuses, lively advancements and store stylistic theme redesigns.
    The Great Steak brand is a present, pertinent idea that keeps on remaining consistent with the organization's center qualities, "meat and potatoes." It's this significance and the dedication to serving all-American solace nourishment that makes the Great Steak mark an engaging idea in urban communities the nation over. Kahala, the franchisor of Great Steak, has contrived an unmistakable arrangement and technique to opening and working your eatery. From work out, outline and development to fantastic opening celebrations and promoting strategies, Great Steak is overseen by a group of prepared, talented experts who will tutor and guide you along the way of owning your own particular Great Steak eatery.