Steak-Out vs BD's Mongolian Barbeque Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Steak-Out vs BD's Mongolian Barbeque including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Steak-Out Franchise
BD's Mongolian Barbeque Franchise
Investment $271,000 - $453,000$881,000 - $2,276,500
Franchise Fee $30,000$45,000
Royalty Fee 5%5%
Advertising Fee --
Year Founded 19861992
Year Franchised 19881996
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee $12.5K50% of fee at time of renewal


Business Experience Requirements
 
Steak-Out Franchise
BD's Mongolian Barbeque Franchise
Experience
  • General business experience
  • Marketing skills
  • Industry experience required for multi-unit operation

  • Industry experience
  • General business experience
  • Marketing skills
    		•

    Financing Options
     
    Steak-Out Franchise
    BD's Mongolian Barbeque Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/NoNo/No
    Equipment No/YesNo/Yes
    Inventory No/YesNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Steak-Out Franchise
    BD's Mongolian Barbeque Franchise
    Training -Company certified training restaurant
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesNewsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations
    Marketing Ad slicks, National mediaCo-op advertising, Ad slicks, 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)

    		 Franchisees required to buy multiple units/master licenses; 60% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 75 - 100

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    Steak-Out Franchise
    BD's Mongolian Barbeque Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Steak-Out

    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.

    About BD's Mongolian Barbeque

    BD's Mongolian Barbeque is the world's number one Create Your Own Stir-Fry restaurant concept where the guests choose their own ingredients from a great variety of meats, seafood, vegetables, salads, sauces and spices. The food is then prepared by master grillers on a 600 degree 7-foot grill. Since 1992, has been delivering a unique, interactive dining experience that sets us apart from the competition. has created a growing band of loyal customers that believe passionately about their ability to take charge of their own dining event. We call this our "You Rule the Experience" philosophy. The guests don't just like bd's, they "love it" as they feel they can take ownership of their own dining experience.

    The total investment necessary to begin operation of a bd’s Mongolian Grill® Restaurant is $881,000 to $2,276,500. This includes $45,000 to $65,000 that must be paid to the franchisor or an affiliate.
    Development fees for Area Development Agreements are $45,000 for the first restaurant plus $10,000 for each additional restaurant that you agree to develop under the terms of the franchisor’s development schedule. These amounts will be credited against the payment of your initial franchise fees for each restaurant that you develop.