Start-Up Costs and Fees |
||
| Steak Escape | Damon's | |
| Investment | 224000 - 665000 | 1200000 - 3200000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 4% |
| Advertising Fee | 0.50% | |
| Year Founded | 1996 | 1979 |
| Year Franchised | 1996 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Steak Escape | Damon's | |
| Experience | Industry experience | |
Financing Options |
||
| Steak Escape | Damon's | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Steak Escape | Damon's | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Steak Escape | Damon's | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Steak Escape | |
| Damon's | |
| Franchise Fee | |
| Steak Escape | |
| Damon's | |
| Royalty Fee | |
| Steak Escape | 6% |
| Damon's | 4% |
| Advertising Fee | |
| Steak Escape | 0.50% |
| Damon's | |
| Year Founded | |
| Steak Escape | 1996 |
| Damon's | 1979 |
| Year Franchised | |
| Steak Escape | 1996 |
| Damon's | 1982 |
| Term Of Agreement | |
| Steak Escape | |
| Damon's | 10 years |
| Renewal Fee | |
| Steak Escape | |
| Damon's | |
Business Experience Requirements |
|
| Experience | |
| Steak Escape | |
| Damon's | Industry experience |
Financing Options |
|
| Franchise Fees | |
| Steak Escape | No |
| Damon's | No |
| Start-up Costs | |
| Steak Escape | |
| Damon's | |
| Equipment | |
| Steak Escape} | |
| Damon's | |
| Inventory | |
| Steak Escape | |
| Damon's | |
| Receivables | |
| Steak Escape | |
| Damon's | |
| Payroll | |
| Steak Escape | |
| Damon's | |
Training & Support |
|
| Training | |
| Steak Escape | |
| Damon's | |
| Support | |
| Steak Escape | |
| Damon's | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Steak Escape | |
| Damon's | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Steak Escape | |
| Damon's | Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Steak Escape | |
| Damon's | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| Steak Escape | |
| Damon's | |
| International Expansion | |
| Steak Escape | |
| Damon's | |