Steak-Out Franchising Inc.
At a Glance
Products & Services: Charbroiled steaks, burgers & chicken delivery
Number of Locations: 53
Total Investment: $271K - 453K
Founded: 1986
Began Franchising: 1988
Private Owned
About Steak-Out Franchising Inc.
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.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2009 | 51 | 0 | 0 | 2 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alabama, Arkansas, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Mississippi, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, United States, Utah, Virginia, West Virginia.
Alabama, Arkansas, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Mississippi, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, United States, Utah, Virginia, West Virginia.
Startup Costs, Ongoing Fees and Financing
Total Investment: $271,000 - $453,000
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $75,000 - $100,000
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. (90% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 4 weeks. At franchisee's location: 1-2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Ad slicks, National media,
Other marketing support: Local store marketing
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