Start-Up Costs and Fees |
||
| Damon's | The Steak Escape | |
| Investment | 1200000 - 3200000 | 190200 - 1300000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | ||
| Year Founded | 1979 | 1982 |
| Year Franchised | 1982 | 1983 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Damon's | The Steak Escape | |
| Experience | Industry experience | General business experience |
Financing Options |
||
| Damon's | The Steak Escape | |
| 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 | The Steak Escape | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Newsletter, Toll-free phone line, 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) | International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
||
| Damon's | The Steak Escape | |
| 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 | |
| The Steak Escape | |
| Franchise Fee | |
| Damon's | |
| The Steak Escape | |
| Royalty Fee | |
| Damon's | 4% |
| The Steak Escape | 6% |
| Advertising Fee | |
| Damon's | |
| The Steak Escape | |
| Year Founded | |
| Damon's | 1979 |
| The Steak Escape | 1982 |
| Year Franchised | |
| Damon's | 1982 |
| The Steak Escape | 1983 |
| Term Of Agreement | |
| Damon's | 10 years |
| The Steak Escape | 20 years |
| Renewal Fee | |
| Damon's | |
| The Steak Escape | |
Business Experience Requirements |
|
| Experience | |
| Damon's | Industry experience |
| The Steak Escape | General business experience |
Financing Options |
|
| Franchise Fees | |
| Damon's | No |
| The Steak Escape | No |
| Start-up Costs | |
| Damon's | |
| The Steak Escape | |
| Equipment | |
| Damon's} | |
| The Steak Escape | |
| Inventory | |
| Damon's | |
| The Steak Escape | |
| Receivables | |
| Damon's | |
| The Steak Escape | |
| Payroll | |
| Damon's | |
| The Steak Escape | |
Training & Support |
|
| Training | |
| Damon's | |
| The Steak Escape | |
| Support | |
| Damon's | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| The Steak Escape | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Damon's | Co-op advertising, Ad slicks, Regional advertising |
| The Steak Escape | |
| 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) |
| The Steak Escape | International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (75% 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, |
| The Steak Escape | |
| Canada Expansion | |
| Damon's | |
| The Steak Escape | |
| International Expansion | |
| Damon's | |
| The Steak Escape | |