Steak-Out vs Montana Mike's Steakhouse Franchise Comparison

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

Start-Up Costs and Fees

 
Steak-Out Franchise
Montana Mike's Steakhouse Franchise
Investment $271,000 - $453,000$439,000 - $2,700,000
Franchise Fee $30,000$20,000
Royalty Fee 5%-
Advertising Fee --
Year Founded 19861999
Year Franchised 19881999
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $12.5K-


Business Experience Requirements

 
Steak-Out Franchise
Montana Mike's Steakhouse Franchise
Experience
  • General business experience
  • Marketing skills
  • Industry experience required for multi-unit operation
  • -

    Financing Options

     
    Steak-Out Franchise
    Montana Mike's Steakhouse Franchise
      In-House/3rd PartyIn-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

     
    Steak-Out Franchise
    Montana Mike's Steakhouse Franchise
    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

     
    Steak-Out Franchise
    Montana Mike's Steakhouse Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    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 Montana Mike's Steakhouse

    Montana Mike's is a full-service steakhouse concept specializing in big appetites and great value. Our steaks are naturally aged, USDA steaks, hand-cut at the restaurant and grilled to your liking. The atmosphere is reminiscent of a mountain lodge and our service is first class. All Montana Mike's offer beer and wine with all new locations having a full bar.