Start-Up Costs and Fees |
||
| Damon's | Ruth's Chris Steak House | |
| Investment | 1200000 - 3200000 | 2539500 - 5923500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 5% |
| Advertising Fee | 2% | |
| Year Founded | 1979 | 1965 |
| Year Franchised | 1982 | 1976 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Damon's | Ruth's Chris Steak House | |
| Experience | Industry experience | |
Financing Options |
||
| Damon's | Ruth's Chris Steak House | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Damon's | Ruth's Chris Steak House | |
| 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 |
||
| Damon's | Ruth's Chris Steak House | |
| 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 | |
| Damon's | |
| Ruth's Chris Steak House | |
| Franchise Fee | |
| Damon's | |
| Ruth's Chris Steak House | |
| Royalty Fee | |
| Damon's | 4% |
| Ruth's Chris Steak House | 5% |
| Advertising Fee | |
| Damon's | |
| Ruth's Chris Steak House | 2% |
| Year Founded | |
| Damon's | 1979 |
| Ruth's Chris Steak House | 1965 |
| Year Franchised | |
| Damon's | 1982 |
| Ruth's Chris Steak House | 1976 |
| Term Of Agreement | |
| Damon's | 10 years |
| Ruth's Chris Steak House | |
| Renewal Fee | |
| Damon's | |
| Ruth's Chris Steak House | |
Business Experience Requirements |
|
| Experience | |
| Damon's | Industry experience |
| Ruth's Chris Steak House | |
Financing Options |
|
| Franchise Fees | |
| Damon's | No |
| Ruth's Chris Steak House | No |
| Start-up Costs | |
| Damon's | |
| Ruth's Chris Steak House | |
| Equipment | |
| Damon's} | |
| Ruth's Chris Steak House | |
| Inventory | |
| Damon's | |
| Ruth's Chris Steak House | |
| Receivables | |
| Damon's | |
| Ruth's Chris Steak House | |
| Payroll | |
| Damon's | |
| Ruth's Chris Steak House | |
Training & Support |
|
| Training | |
| Damon's | |
| Ruth's Chris Steak House | |
| Support | |
| Damon's | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Ruth's Chris Steak House | |
| Marketing | |
| Damon's | Co-op advertising, Ad slicks, Regional advertising |
| Ruth's Chris Steak House | |
| Operations | |
| 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) |
| Ruth's Chris Steak House | |
Expansion Plans |
|
| US Expansion | |
| 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, |
| Ruth's Chris Steak House | |
| Canada Expansion | |
| Damon's | |
| Ruth's Chris Steak House | |
| International Expansion | |
| Damon's | |
| Ruth's Chris Steak House | |