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 an Outback franchise owner make?
The salary for Proprietor at Outback Steakhouse is $72,000 annually.
How much does it cost to own an Outback Steakhouse 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 do I start a Outback franchise?
How to open the Outback Steakhouse franchise?Ensure you have adequate capitalization. ... Appreciate the investment required for a restaurant franchise. ... Evaluate your prior experience and strengths. ... Assess market availability. ... Submit your application. ... Receive approval & opening your Outback Steakhouse franchise.
Are Outbacks franchised?
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.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
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.
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
Is LongHorn Steakhouse a franchise?
LongHorn Steakhouse is currently franchised in Puerto Rico, Guam, Ecuador, San Antonio (US) and the Atlanta and Detroit airports in the US.
Who started outback?
Chris T. SullivanTim GannonOutback Steakhouse/Founders
How many Outback locations are there?
Number of Outback Steakhouse restaurants worldwide from 2011 to 2021, by locationCharacteristicUnited StatesInternational20207062732019724255201873325620177402497 more rows•Jun 9, 2022
How many Outback Steakhouses are there in the US?
How many Outback Steakhouse stores are there in the United States? There are 694 Outback Steakhouse stores in the United States as of October 14, 2022. The state with the most number of Outback Steakhouse locations in the US is Florida, with 97 stores, which is about 14% of all Outback Steakhouse stores in the US.
Where is the original Outback Steakhouse?
Tampa, FLOutback Steakhouse / Place founded
Who owns Outback?
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
Is LongHorn Steakhouse a franchise?
LongHorn Steakhouse is currently franchised in Puerto Rico, Guam, Ecuador, San Antonio (US) and the Atlanta and Detroit airports in the US.
Who started outback?
Chris T. SullivanTim GannonOutback Steakhouse/Founders
What is Outback Steakhouse?
That is what Outback Steakhouse, an Australian-themed American steakhouse brand, is all about. And while beef dishes and steaks make up the focus of the menu, Outback Steakhouse also serves up a variety of chicken, ribs, seafood and pasta dishes, too. Outback Steakhouse aims to rise above other restaurants by emphasizing consistently high-quality ...
How much does it cost to open an Outback steakhouse?
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 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.
Do they offer Territory Rights?
Outback Steakhouse offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
When did they begin franchising?
They began franchising in 1993. The average Steakhouse franchise began franchising in 1995.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
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 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.
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.