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Below is an in-depth analysis and side-by-side comparison of Great Steak vs Hard Times Cafe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $155,900 - $520,300 | $449,000 - $1,000,000 |
Franchise Fee | $30,000 | $30,000 |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1983 | - |
Year Franchised | 1986 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
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/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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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. | - |
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 |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Hard Times Cafe and Hard Times Cafe & Cue is an American Chili Parlor with a 26 year history in the Washington DC area. World Famous for it's Chili recipes, Hard Times serves Chili, Chili Macs, Wings, Onion Rings, Nachos, Chili Dogs, Char-Grilled Burgers and more. To be considered as a Franchisee you must have 5 years restaurant operational experience with a minimum cash investment ability of $200,000 and sufficient net worth to secure financing for the development of a Hard Times Cafe.