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Steak-Out Franchising Inc.

A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.

Steak-Out Franchising Incorporation was founded in 1986. It started franchising since 1988. Steak-Out Franchising Incorporation Chief Executive Officer, 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.

Steak-Out char-broiled delivery understands that the customer’s demanding schedule requires ease in meal preparation. Their business is to deliver hot, complete meals right to the customer’s door. Providing their guests with convenience without sacrificing the quality is their goal. Their menu includes fresh char-broiled ribeye steaks, steak tips, chicken breast filets, cheeseburgers and sandwiches cooked to your specifications. All of their entrees come with a crisp salad, piping hot baked potato with all the condiments and a baked roll.

Steak-Out Franchising Incorporation Franchisor is a privately-held company with 18 employees and 9 employees in the franchise department. They provide good service with special service home meal replacement specializing in grilled entrees service. They have some costs and fees such as their total investments are 249500 to 429400 dollars and their franchise fee is 25000 dollars. Their ongoing royalty fee is 5 percent and the term of agreement is of 10 years which is renewable and the renewal fee is 12500 dollars. According to Rankings in the Entrepreneur magazine of 2002 to 2006 they are ranked in the Franchise 500 rank, positioning 358th in 2006, 458th in 2005, 459th in 2004, 435th in 2003 and 416th in 2002.

With over 50 stores in 15 states, Steak-Out is the largest chain in the United States dedicated to delivering delicious, nutritious meals, and is rapidly becoming the most popular home and business meal Delivery Company. They offer a real opportunity for the customers to capitalize on the strengths of a system that has proven ability to consistently deliver fully prepared meals, for both lunch and dinner.

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