Steak-Out vs Mighty Quinn's Barbeque Franchise Comparison

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

Start-Up Costs and Fees
 
Steak-Out Franchise
Mighty Quinn's Barbeque Franchise
Investment $271,000 - $453,000$494,317 - $896,334
Franchise Fee $30,000$45,000
Royalty Fee 5%5%
Advertising Fee -1%
Year Founded 19862012
Year Franchised 19882018
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $12.5K-


Business Experience Requirements
 
Steak-Out Franchise
Mighty Quinn's Barbeque Franchise
Experience
  • General business experience
  • Marketing skills
  • Industry experience required for multi-unit operation
    		• We are looking for multi-unit franchisees or qualified investors with an established operating team. A passion for food and hospitality are the two most important traits in prospective franchisees.

    Financing Options
     
    Steak-Out Franchise
    Mighty Quinn's Barbeque 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
    Mighty Quinn's Barbeque Franchise
    Training -Mighty Quinn’s will host your corporate and restaurant team at our training kitchen in New Jersey for extensive course work in production, systems and protocol. Franchisees will also spend time in Mighty Quinn’s restaurants during this process. An additional 2 weeks (one week prior and one week following the opening of your first restaurant) of training will be provided in your local market. Training tools and operational guidance will be provided to the franchisee throughout the process.
    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
    Mighty Quinn's Barbeque Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion NoYes

    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 Mighty Quinn's Barbeque

    "Mighty

    Mighty Quinn’s Barbeque was founded in 2011 with the belief that great barbeque should be more available in New York City which has one of the most diverse culinary offerings in the world. Co-founders Christos Gourmos, Micha Magid and Hugh Mangum set out to change this and have now grown the brand to 10 locations including a restaurant in the iconic Yankee Stadium and 5 locations internationally.   They set out to create a brand that supported what was most important to themselves and their customers; serving all-naturally raised meats, using fresh ingredients and supporting an environment where great customer service was just as important as the food. Having set the standard in our category we’re now looking for like-minded restaurateurs and entrepreneurs to join us in growing our brand across the country.
    Our fast casual format allows the business to thrive as both the best BBQ restaurant in the neighborhood but also a place to grab a meal in under 10 minutes.
    Our phenomenal slow smoked bbq, efficient service strategy, lean labor model and scalable operating plan will allow operators to quickly expand in their markets.

    Mighty Quinn's Barbeque has worked to establish Mighty Quinn’s as the category leader in fast casual barbeque. What started as a single restaurant in the East Village of Manhattan has grown into a brand with international locations and a national media presence with features on the Food Network, The New York Times and many other influential media platforms. Our mission is to continue building on this momentum in new markets with our franchisee partners.