Start-Up Costs and Fees |
||
| Damon's | Steaks To Go | |
| Investment | 1200000 - 3200000 | 110000 - 150000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | $250/wk. or 3% |
| Advertising Fee | ||
| Year Founded | 1979 | 1990 |
| Year Franchised | 1982 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Damon's | Steaks To Go | |
| Experience | Industry experience | |
Financing Options |
||
| Damon's | Steaks To Go | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Damon's | Steaks To Go | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Grand opening, Internet, Field operations/evaluations |
| 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) | Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Damon's | Steaks To Go | |
| 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 | Canada, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Damon's | |
| Steaks To Go | |
| Franchise Fee | |
| Damon's | |
| Steaks To Go | |
| Royalty Fee | |
| Damon's | 4% |
| Steaks To Go | $250/wk. or 3% |
| Advertising Fee | |
| Damon's | |
| Steaks To Go | |
| Year Founded | |
| Damon's | 1979 |
| Steaks To Go | 1990 |
| Year Franchised | |
| Damon's | 1982 |
| Steaks To Go | 1995 |
| Term Of Agreement | |
| Damon's | 10 years |
| Steaks To Go | 5 years |
| Renewal Fee | |
| Damon's | |
| Steaks To Go | |
Business Experience Requirements |
|
| Experience | |
| Damon's | Industry experience |
| Steaks To Go | |
Financing Options |
|
| Franchise Fees | |
| Damon's | No |
| Steaks To Go | No |
| Start-up Costs | |
| Damon's | |
| Steaks To Go | |
| Equipment | |
| Damon's} | |
| Steaks To Go | |
| Inventory | |
| Damon's | |
| Steaks To Go | |
| Receivables | |
| Damon's | |
| Steaks To Go | |
| Payroll | |
| Damon's | |
| Steaks To Go | |
Training & Support |
|
| Training | |
| Damon's | |
| Steaks To Go | |
| Support | |
| Damon's | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Steaks To Go | Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Damon's | Co-op advertising, Ad slicks, Regional advertising |
| Steaks To Go | |
| 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) |
| Steaks To Go | Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
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, |
| Steaks To Go | |
| Canada Expansion | |
| Damon's | |
| Steaks To Go | |
| International Expansion | |
| Damon's | |
| Steaks To Go | Canada, Western Europe, |