|
Below is an in-depth analysis and side-by-side comparison of Bennett's Bar-B-Que vs Steak & Stuff including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $1,200,000 - $2,000,000 | $95,000 - $115,000 |
Franchise Fee | $35,000 | $15,000 |
Royalty Fee | 3.5% | 3% |
Advertising Fee | - | - |
Year Founded | 1984 | 2006 |
Year Franchised | 1989 | 2013 |
Term Of Agreement | 20 years | 5 years |
Term Of Agreement | 20 years | 5 years |
Renewal Fee | $5K | - |
Business Experience Requirements |
||
Experience | No business experience required. General restaurant experience required. |
|
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | *Email Newsletter *Advisory Meetings *Grand opening *Internet *Security/safety procedures *Field operations/evaluations *Purchasing cooperatives *Management Support *Training |
Marketing | Ad slicks, Regional advertising | *Local Media *Ad Slicks *Internet Ad campaign-- Google - Yahoo Etc *Gorilla Marketing Campaign *Facebook *Dedicated Store Web-site *Local Networking *Marketing Training for Franchisee. |
Operations |
Number of employees needed to run franchised unit: 50 Absentee ownership of franchise is allowed. | *Number of employees- 20 - 25. *Owner/Operators Preferred . |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | Yes |
Engelwood, Colorado-based Bennett's Bar-B-Que has operated full and quick-service barbecue restaurants since 1984. At its Western-themed full-service restaurants, the company offers a menu of beef brisket, ribs, pork, chicken, turkey, sausage and side dishes like barbecue beans and coleslaw. The quick-service locations serve select menu items in mall food courts and shopping centers.