|
Below is an in-depth analysis and side-by-side comparison of Off The Grill vs Shane's Rib Shack including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $350,000 | $363,000 - $558,000 |
Franchise Fee | $25,000 | $30,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | - | - |
Year Founded | 1998 | 2002 |
Year Franchised | 1999 | 2005 |
Term Of Agreement | 10 years | 10 years+5+5 |
Term Of Agreement | 10 years | 10 years+5+5 |
Renewal Fee | $12.5K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | Hands-on experience in operating a Shane's Rib Shack restaurant in Atlanta, Georgia. This covers all facets of operating the Shane's Rib Shack business. A Shane's Rib Shack representative will then assist you at the opening of your first restaurant. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, National media | - |
Operations |
95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (75% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
Off the Grill was founded in 1998 by Alan Thompson. It began franchising in 1999. The privately held company is based in Maryland Heights, Missouri