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Below is an in-depth analysis and side-by-side comparison of Steak-Out vs Sizzler USA 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 | $933,000 - $3,057,000 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 1986 | 1958 |
Year Franchised | 1988 | 0 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $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 | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | 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 | - |
Marketing | 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) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | 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.
It all began on January 27, 1958. With fifty dollars in the cash register, Del and Helen Johnson opened "Sizzler Family Steak House” in Culver City, California.
Dwight D. Eisenhower was in his second term as the 34th President of the United States. A 14-year-old Bobby Fischer took the United States Chess Championship. "Gigi” won the Academy Award for Best Picture. The American girl group The Shirelles began.
And finally, everyone could enjoy a great steak dinner at an affordable price. ($0.99 back then).