The Great Steak & Potato Company vs Zaxby's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Great Steak & Potato Company vs Zaxby's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
The Great Steak & Potato Company Franchise
Zaxby's Franchise
Investment $146,600 - $511,050 $343,200 - $695,200
Franchise Fee $30,000 $35,000
Royalty Fee 6% 6%
Advertising Fee - 2.87%-5%
Year Founded 1983 1990
Year Franchised 1986 1994
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee $5K -


Business Experience Requirements

 
The Great Steak & Potato Company Franchise
Zaxby's Franchise
Experience
  • Industry experience
  • General business experience
  • Prospective Franchisees must meet the following criteria to be considered: Collective net worth of at least $1,000,000, with liquid assets greater than $500,000 (liquidity being defined as cash or any asset that could be converted to cash within ten business days). Ability to satisfactorily pass background checks for the following: reasonable credit worthiness, no criminal convictions, no history of extensive litigation, and satisfactory motor vehicle report. Willingness of all investors to personally guarantee any obligations that are required under the license agreement. Willingness to make a commitment to this venture within 60 – 90 days of signing a license agreement. Belief that guest service is of critical importance in restaurant operations.

    Financing Options

     
    The Great Steak & Potato Company Franchise
    Zaxby's Franchise
      In-House/3rd Party In-House/3rd Party
    Franchise Fees No/No -/-
    Start-up Costs No/No -/-
    Equipment No/Yes -/-
    Inventory No/No -/-
    Receivables No/No -/-
    Payroll No/No -/Yes

    Training & Support

     
    The Great Steak & Potato Company Franchise
    Zaxby's Franchise
    Training K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more. The initial training program is eight weeks long, consisting of a one-week orientation phase at Zaxby's Franchising, Inc.'s training center, three two-week phases at a training restaurant and the final one-week phase back at ZFI's training center. Ongoing support and training updates, in addition to other business development practices - including onsite inspections - are conducted regularly throughout the franchise system.
    Support Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives -
    Marketing Ad slicks, National media, Regional advertising -
    Operations International franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 10

    Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    The Great Steak & Potato Company Franchise
    Zaxby's Franchise
    US Expansion - Yes
    Canada Expansion No -
    International Expansion Yes -

    Start-Up Costs and Fees Mobile

    Investment
    The Great Steak & Potato Company Franchise
    $146,600 - $511,050
    Zaxby's Franchise
    $343,200 - $695,200
    Franchise Fee
    The Great Steak & Potato Company Franchise
    $30,000
    Zaxby's Franchise
    $35,000
    Royalty Fee
    The Great Steak & Potato Company Franchise
    6%
    Zaxby's Franchise
    6%
    Advertising Fee
    The Great Steak & Potato Company Franchise
    -
    Zaxby's Franchise
    2.87%-5%
    Year Founded
    The Great Steak & Potato Company Franchise
    1983
    Zaxby's Franchise
    1990
    Year Franchised
    The Great Steak & Potato Company Franchise
    1986
    Zaxby's Franchise
    1994
    Term Of Agreement
    The Great Steak & Potato Company Franchise
    10 years
    Zaxby's Franchise
    -
    Renewal Fee
    The Great Steak & Potato Company Franchise
    $5K
    Zaxby's Franchise
    -


    Business Experience Requirements

    Experience
    The Great Steak & Potato Company Franchise

  • Industry experience
  • General business experience
  • Zaxby's Franchise
    Prospective Franchisees must meet the following criteria to be considered: Collective net worth of at least $1,000,000, with liquid assets greater than $500,000 (liquidity being defined as cash or any asset that could be converted to cash within ten business days). Ability to satisfactorily pass background checks for the following: reasonable credit worthiness, no criminal convictions, no history of extensive litigation, and satisfactory motor vehicle report. Willingness of all investors to personally guarantee any obligations that are required under the license agreement. Willingness to make a commitment to this venture within 60 – 90 days of signing a license agreement. Belief that guest service is of critical importance in restaurant operations.

    Financing Options

      In-House/3rd Party
    Franchise Fees
    The Great Steak & Potato Company Franchise
    No/No
    Zaxby's Franchise
    -/-
    Start-up Costs
    The Great Steak & Potato Company Franchise
    No/No
    Zaxby's Franchise
    -/-
    Equipment
    The Great Steak & Potato Company Franchise
    No/Yes
    Zaxby's Franchise
    -/-
    Inventory
    The Great Steak & Potato Company Franchise
    No/No
    Zaxby's Franchise
    -/-
    Receivables
    The Great Steak & Potato Company Franchise
    No/No
    Zaxby's Franchise
    -/-
    Payroll
    The Great Steak & Potato Company Franchise
    No/No
    Zaxby's Franchise
    -/Yes

    Training & Support

    Training
    The Great Steak & Potato Company Franchise
    K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more.
    Zaxby's Franchise
    The initial training program is eight weeks long, consisting of a one-week orientation phase at Zaxby's Franchising, Inc.'s training center, three two-week phases at a training restaurant and the final one-week phase back at ZFI's training center. Ongoing support and training updates, in addition to other business development practices - including onsite inspections - are conducted regularly throughout the franchise system.
    Support
    The Great Steak & Potato Company Franchise
    Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Zaxby's Franchise
    -
    Marketing
    The Great Steak & Potato Company Franchise
    Ad slicks, National media, Regional advertising
    Zaxby's Franchise
    -
    Operations
    The Great Steak & Potato Company Franchise
    International franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 10

    Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

    Zaxby's Franchise
    -

    Expansion Plans

    US Expansion
    The Great Steak & Potato Company Franchise
    -
    Zaxby's Franchise
    Yes
    Canada Expansion
    The Great Steak & Potato Company Franchise
    No
    Zaxby's Franchise
    -
    International Expansion
    The Great Steak & Potato Company Franchise
    Yes
    Zaxby's Franchise
    -

    Company Overviews

    About The Great Steak & Potato Company

    The Great Steak has manufactured a notoriety for offering the chief cheesesteak encounter. The rich history of the American Philly cheesesteak has propelled the Great Steak brand to respect the cheesesteak's initial beginnings by serving quality, moderate dinners that taste incredible. In the meantime, Great Steak keeps on improving in the cheesesteak classification by offering visitors an assortment of menu alternatives that incorporate claim to fame sandwiches, heated potatoes and celebrated fries. While concentrating on assortment, quality, freshness and stellar client benefit, the Great Steak group additionally perceives the significance of giving excellent support to the establishment group. Support is given through every day operational direction, menu development, advertising apparatuses, lively advancements and store stylistic theme redesigns. The Great Steak brand is a present, pertinent idea that keeps on remaining consistent with the organization's center qualities, "meat and potatoes." It's this significance and the dedication to serving all-American solace nourishment that makes the Great Steak mark an engaging idea in urban communities the nation over. Kahala, the franchisor of Great Steak, has contrived an unmistakable arrangement and technique to opening and working your eatery. From work out, outline and development to fantastic opening celebrations and promoting strategies, Great Steak is overseen by a group of prepared, talented experts who will tutor and guide you along the way of owning your own particular Great Steak eatery.

    About Zaxby's

    Zaxby's Franchising, Inc., actively seeks highly qualified individuals be become licensees. Prior business experience, financial qualifications, motivation, team spirit and a track record of personal success are all important factors in our evaluation process. Prospective licensees must meet the following criteria to be considered: Collective net worth of at least $700,000, with liquid assets greater than $400,000 (liquidity being defined as cash or any asset that could be converted to cash within ten business days). Ability to satisfactorily pass background checks for the following: reasonable credit worthiness, no criminal convictions, no history of extensive litigation, and satisfactory motor vehicle report. Willingness of all investors to personally guarantee any obligations that are required under the license agreement. Willingness to make a commitment to this venture within 60 - 90 days of signing a license agreement. Belief that guest service is of critical importance in restaurant operations.
    The Zaxby's Mission Statement - Consistently Create Encore Experiences That Enrich Lives One Person At A Time - recognizes the value of all individuals.

    ZFI is committed to developing a diverse community of licensees and, in that regard, the Zaxby's franchise opportunity is open to all qualified applicants, regardless of age, gender, race or ethnicity.

    The total investment necessary to begin operation of a Zaxby’s franchised business is $343,200 to $695,200. This includes $40,200 to $45,000 that must be paid to the franchisor or its affiliates. In addition, if you enter into a Multi-Restaurant Development Agreement to develop more than one Zaxby’s restaurant, you must pay the franchisor a fee of $17,500 for each Zaxby’s restaurant scheduled for development and subsequently must pay an additional $17,500 upon execution of the License Agreement for each Zaxby’s restaurant, which amounts are credited towards the initial franchise fee for each restaurant.

    #148 in Franchise 500 for 2021.  Not in Franchise 500 for 2020.