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Updated RecentlySteak n Shake vs Evos Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Steak n Shake vs Evos including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $672,000 - $1,835,000 | $349,900 - $449,900 |
| Franchise Fee | $25,000 - $40,000 | $35,000 |
| Royalty Fee | 5.5% | 3.5-5.5% |
| Advertising Fee | - | - |
| Year Founded | 1934 | 1999 |
| Year Franchised | 1945 | 2006 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | $7000 |
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/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | Available at headquarters: 4-6 weeks |
| Support | � Unparalleled Operations Support - A Steak n Shake Manager of Field Operations will help you open your restaurant and will be available for consultation with day-to-day operations. To help ensure a smooth restaurant opening experience, Steak n Shake will provide your first training hours via seasoned Steak n Shake trainers/staff. You will also receive our Operating Standards System, Manager-in-Training and Management Development Programs. Through your Manager of Field Operations, you will have the multi-functional resources of the Steak n Shake Company working on your behalf. | Honest Support - we have one goal in common, and you're a part of it. We care about your success because your success means progress for our values. And of course more people eating better. We support you and guide you through every aspect of running your business, and most importantly to be the most ethical and admired business in your community. We don't treat you like a number, but as a living extension of ourselves. |
| Marketing | � World Class Marketing - The Steak n Shake marketing is directed toward building brand loyalty and is not price-driven or reliant on low price discounting. Steak n Shake's television and print marketing are product-benefit directed, showing why Steak n Shake is superior to fast food alternatives with a fun, irreverent, tongue-in-cheek humorous approach. Sample television spots are available on this website for your viewing pleasure. The Marketing System is user-friendly and designed for the success of Franchisees. | - |
| Operations | - | Operational Simplicity - we like working smart, not hard. EVOS is the 'Original' healthier fast food restaurant. Yup, we started this thing in 1994. We've been doing this for way over a decade, which means: our systems are the most efficient and the most effective to make your job as easy as possible while executing under 3 minute ticket times; our marketing strategy has been tested, tried, and true, to bring in guests and retain them; our management tools and technology make developing, maintaining, and motivating a great team simpler and easier; and our proven recipes have been carefully developed, and tested, to make any skeptics mouth water and brain erase the myth that healthier doesn't taste better. |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Steak n Shake
Benefits of Franchising
The benefits of franchising with Steak n Shake can't be duplicated:
* Proven Concept - The Steak n Shake concept has withstood all types of economic circumstances and continually emerged stronger and stronger.
* Growing - Since 1996, Steak n Shake system-wide sales have grown from $268 million to $549 million. In the past decade, the chain has doubled in size.
* Huge, Untapped Development Potential - Steak n Shake currently operates over 490 restaurants in just 20 states. Looking ahead, we forecast that Steak n Shake has the potential to develop over 1,000 units nationwide.
* Unique Niche Positioning - There is no single offering that is a head-on alternative to our restaurant concept. Steak n Shake serves a distinct niche in the mid-scale, casual dining segment of the restaurant industry.
* Core Products that Generate a Strong Loyal Following - The core of the Steak n Shake menu includes STEAKBURGERS, thin and crispy French Fries, Chili, and Hand-dipped Milk Shakes.
* Product Development - Steak n Shake has a pipeline of new products that build on core products consumers love. Recent innovations have included new Side-by-Side Milkshakes and Sippable Sundaes.
Future innovations will include more milkshake innovation, burger news, and health conscious offerings.
All of these benefits equal a great chance at success in the restaurant business. The only thing missing is you.
About Evos
Product In-demand - burgers, fries, and shakes that are 50-70% less fat. Finally, fast food you can feel great about. Other restaurants merely accommodate with a few 'lower fat' or 'lite' menu items. EVOS serves up an entire menu of choices to meet the needs of many different lifestyles. Our recipes are made with high quality healthier ingredients like our naturally raised hormone & antibiotic free Steakburger and Low Fat Organic Milkshakes. No other franchise can match our commitment to: less fat, calories, and cholesterol; higher quality natural ingredients; organic ingredients; and more importantly great taste. Stand out from the crowd - start something new. Ok, so why bother fighting for market share in a landscape full of sub/sandwich shops, burrito joints, and pizza places? Hundreds of communities in our country are starving for a 'healthier fast food fix'. EVOS exists because there is a serious demand for the opportunity to continue to enjoy the All American burger occasion, made healthier. EVOS is a fresh, fun, forward thinking, and financially rewarding franchise opportunity. That isn't too granola. Healthy Opportunity - people, planet, profits EVOS is not only a ground floor financial opportunity. You will feel great knowing you are also making a difference in your community and the planet. While doing your part, you will be gifting thousands of excited patrons the opportunity to enjoy the All American meal of burgers, fries, and shakes-without the aftereffects. As an EVOS franchise owner, you'll not only be part of an opportunity, you'll be serving it as well.