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Below is an in-depth analysis and side-by-side comparison of Steak-Out vs Voo Doo BBQ & 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 | $340,500 - $625,000 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | 2% |
Year Founded | 1986 | 2002 |
Year Franchised | 1988 | 2006 |
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 | - | You and your key managers will participate in an intense training course for four to six weeks at our headquarters in Baton Rouge. During training you will be given our detailed manual that covers a wide array of topics key to operating your restaurant. Our store opening team will be on site with you several days before you open to help you set up your store and train your staff. We will stay with you for several days after you open to assist in the transition. As needed we will provide on-going training to intro- duce new operating methods and menu items. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Our field support team will periodically visit your store to meet with you and provide operational evaluations. Our CEO provides personal financial and performance consulting to each of our franchisees at least once a month. We go above and beyond to assist our franchisees with their success. |
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.