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Below is an in-depth analysis and side-by-side comparison of Steak-Out vs Off The Grill including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $271,000 - $453,000 | $350,000 |
Franchise Fee | $30,000 | $25,000 |
Royalty Fee | 5% | 4% |
Advertising Fee | - | - |
Year Founded | 1986 | 1998 |
Year Franchised | 1988 | 1999 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | $12.5K | $12.5K |
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/Yes | No/No |
Start-up Costs | No/No | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Ad slicks, National media | Co-op advertising, National media |
Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 30 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | No |
Franchising since 1988, Steak-Out Franchising Inc. CEO Don Harkleroad knows a lot about home meal replacement. Steak-Out offers delivery franchises in the Southeast, Mid-Atlantic and Midwest. The privately held company offers both multi-unit opportunities and exclusive areas for growth.
Off the Grill was founded in 1998 by Alan Thompson. It began franchising in 1999. The privately held company is based in Maryland Heights, Missouri