How much does an Outback Steakhouse franchise cost?
- Initial Franchise Fee: $40,000
- Total Investment: $2,489,700 to $6,065,000
- Royalty Fee: 3.5%
Full Answer
How much does an Outback Steakhouse franchise cost?
The restaurant brand has expanded to nearly 700 locations in the United States and more than 100 locations abroad, mostly in South Korea. With a low franchise fee of $10,000, the total investment to open an Outback Steakhouse franchise is $1.6 million, with start-up costs of $500,000.
How much does Outback Steakhouse pay per hour?
The average Outback Steakhouse hourly pay ranges from approximately $6 per hour for a Server/Host to $241 per hour for a Server Assistant. Outback Steakhouse employees rate the overall compensation and benefits package 3/5 stars. What is the highest salary at Outback Steakhouse?
How much do Outback Steakhouse proprietors make?
How much do Outback Steakhouse owners make? The average earnings of Outback Steakhouse Proprietors are $64,000 per year, or $31 per hour, which is 2% less than the national average of $65,000 for all Proprietors and 3% less than the average for all American workers.
Is Outback Steakhouse a respected restaurant?
Thus, to the average American, Outback is a high-end restaurant that you will only go to occasionally. To a rich person who can regularly afford $50+ per person, Outback is a mainstream restaurant that won't garner much respect. , I live to eat, I don't eat to live. years ago (about 20) would say yes. They were one of the first to ready.
How much does it cost to buy into a Outback franchise?
Outback Steakhouse Franchise Cost / Initial Investment / Outback Steakhouse Franchise Income. With a low franchise fee of $10,000, the total investment to open an Outback Steakhouse franchise is $1.6 million, with start-up costs of $500,000.
How much does an Outback Steakhouse owner make?
Salary Details for a Proprietor at Outback Steakhouse The estimated base pay is $59,681 per year. The estimated additional pay is $47,405 per year.
Is the Outback a franchise?
Today, Outback Steakhouse® is an international casual dining leader with more than 250 franchise restaurants in 19 countries throughout Southeast Asia, Middle East, Latin America, and more.
Who owns Outback Steakhouse?
Bloomin' BrandsOutback Steakhouse / Parent organizationBloomin' Brands, Inc. is a restaurant holding company that owns several American casual dining restaurant chains. The company was established in 1988 in Tampa, Florida, where it is headquartered. Wikipedia
What is a managing partner at Outback Steakhouse?
Managing all employees to maintain high employment quality standards consistent with the Outback Brand (includes hiring, development, counseling, promotion and discipline and termination as appropriate)
Who is the CEO of Outback?
CEO Elizabeth SmithThe Outback Steakhouse Executive Team is rated a "C-" and led by CEO Elizabeth Smith. Outback Steakhouse employees rate their Executive Team in the Bottom 35% of similar size companies on Comparably with 10,000+ Employees.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
How is a franchise set up?
In a franchised business, the business owner (the franchisor) grants their franchisees permission to use their established brand, and work under it to run their own branch of the business. Franchisees will then pay the franchisor to use their brand and run their franchise unit largely independently.
How do I set up a franchise business?
How to Franchise a BusinessMake sure your business is ready to franchise.Protect your business's intellectual property.Prepare a financial disclosure document (FDD)Draft a franchise agreement.Compile an operational manual for franchisees.File or register your FDD.Set a strategy to achieve your sales goals.
How many onions does outback use a year?
The Favorite Appetizer Guests order over 8 million Bloomin' Onions a year. Approximately 1 out of every 4 appetizers ordered is a Bloom.
Who owns Ruth Chris?
Ruth's Hospitality GroupRuth's Chris Steak House / Parent organizationRuth's Hospitality Group is a restaurant company with a focus on American steakhouse restaurants. The group was rebranded in May 2008, shortly after Ruth's Chris Steak House acquired the Mitchell's Fish Market and Columbus Fish Market brands from Cameron Mitchell Restaurants. Wikipedia
What is Outbacks slogan?
“It's Always Fresh in the Outback.”
Are LongHorn restaurants franchised?
LongHorn Steakhouse is currently franchised in Puerto Rico, Guam, Ecuador, San Antonio (US) and the Atlanta and Detroit airports in the US.
Is Buffalo Wild Wings a franchise?
Franchise Description: Buffalo Wild Wings International, Inc. is the franchisor. The franchisor is a subsidiary of Inspire Brands, Inc.
Who started outback?
Chris T. SullivanTim GannonOutback Steakhouse/Founders
Can I own a Buffalo Wild Wings?
A minimum $750,000 in liquid cash is required to open a Buffalo Wild Wings franchise, with investment levels between $1.5 million to $3.5 million.
How much does Outback Steakhouse franchise cost?
Outback Steakhouse has the franchise fee of up to $10,000, with a total initial investment range of $1,600,000.
Is Outback Steakhouse a franchise?
Check out Outback Steakhouse franchise locations available for sale near you. The chain is famous worldwide for their Australian style steakhouse restaurant concept. The menu includes seafood, pasta, steaks, chicken and ribs. Outback Steakhouse restaurant franchise opportunities are proven by more than 30 years of experience and 800 successful franchise enterprises operating all over the globe. Our franchisees are educated, trained and supported from the very beginning. They also benefit from using our well-established business processes and marketing strategies. If you read our investment information, you will find out what cost & fees are required to start the business.
How much does an Outback Steakhouse franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors . We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.
How many franchise locations do they have?
As of the 2015 Franchise Disclosure Document, there are 105 franchised Outback Steakhouse locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
When did they begin franchising?
They began franchising in 1993. The average Steakhouse franchise began franchising in 1995.
Franchise Information for Outback Steakhouse
We're proud to do things uniquely at Outback and strive to positively impact the lives of our people we call "Outbackers".
Outback Steakhouse
We're proud to do things uniquely at Outback and strive to positively impact the lives of our people we call "Outbackers".
How much does it cost to own an Outback franchise?
Outback has a relatively low franchise fee of $10,000. However, you will need about $500,000 in liquid capital for start up costs. In the long term, you should be looking at about $1.6 million in total investments. This is not a small amount. Make sure your net worth matches with these requirements before proceeding, and determine how you will finance your business if necessary. Your success will depend on your sales. So, in order to become profitable, you have to make enough to offset the 6% royalty fee. It will also take time to recover your initial investments. Take all of these numbers into consideration before buying an Outback franchise.
What is an outback steakhouse?
Outback Steakhouse is an Australian-themed restaurant that specializes in steak and beef dishes. They serve a variety of food items including chicken, seafood and pasta. Outback’s main goal is to consistently serve these high-quality dishes for moderate prices. Generally, the restaurant has a casual atmosphere.
Do you need to be transparent when buying an Outback franchise?
Therefore, you need to be very transparent about this information. Once you provide your financial information and agree to the franchising terms, you will have finished buying your Outback franchise. Franchises provide a great way to experience business ownership.
Is Outback Steakhouse a franchise?
Outback Steakhouse is an easily recognizable brand with locations all over the world. These franchises are supported by teams of marketing specialists and food experts, which is an excellent advantage. If you would like to know how to become a franchisee, follow this guide on how to buy an Outback franchise.
Do you need to meet with Outback franchise staff?
However, you are going to need to meet with Outback franchising staff once your get approved in order to finalize a decision. Have a meeting to determine the Outback franchise location that suits your needs best. Keep in mind that international Outback franchises are a possibility.
About
Outback Steakhouse ® is an Australian-themed steakhouse restaurant. The brand’s roots lie heavy as the authority on steak. Although beef and steak items make up a good portion of the menu, chicken, ribs, seafood, and pasta dishes are also offered.
History
In 1988, Outback Steakhouse ® was founded in Tampa, Florida by four friends who were all veterans of the hospitality industry and had the dream of opening their own restaurant. They wanted a place with a casual atmosphere and a strong focus on quality food and service.
Today
Today, Outback Steakhouse® is an international casual dining leader with more than 250 franchise restaurants in 19 countries throughout Southeast Asia, Middle East, Latin America, and more.
