Steak-Out Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Steak-Out including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Steak-Out Franchise
Investment $271,000 - $453,000
Franchise Fee $30,000
Royalty Fee 5%
Advertising Fee -
Year Founded 1986
Year Franchised 1988
Term Of Agreement 10 years
Term Of Agreement 10 years
Renewal Fee $12.5K


Business Experience Requirements
 
Steak-Out Franchise
Experience
  • General business experience
  • Marketing skills
  • Industry experience required for multi-unit operation
    		•

    Financing Options
     
    Steak-Out Franchise
      In-House/3rd Party
    Franchise Fees No/Yes
    Start-up Costs No/No
    Equipment No/Yes
    Inventory No/Yes
    Receivables No/No
    Payroll No/No

    Training & Support
     
    Steak-Out Franchise
    Training -
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Ad slicks, National media
    Operations 50% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 30

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    Steak-Out Franchise
    US Expansion Yes
    Canada Expansion No
    International Expansion No

    Company Overviews

    About Steak-Out

    Franchising since 1988, Steak-Out Franchising Inc. CEO Don Harkleroad knows a lot about home meal replacement. Steak-Out offers delivery franchises in the Southeast, Mid-Atlantic and Midwest. The privately held company offers both multi-unit opportunities and exclusive areas for growth.