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FAQs
Q. DO I NEED PREVIOUS RESTAURANT EXPERIENCE TO OWN A BEEF SHACK?
A. Nope! Prior experience is always a plus, but we have designed a complete training program for new Franchise owners and operators.
Q. WHAT ARE THE FINANCIAL REQUIREMENTS?
A. A franchisee’s total net worth should exceed $400,000, $75,000 of which is liquid.
Q. HOW MUCH IS THE INITIAL FRANCHISE FEE?
A. The initial franchise fee is currently $25,000, payable at the time the Franchise Agreement is signed.
Q. HOW LONG DOES MY FRANCHISE AGREEMENT LAST?
A. The initial Franchise Agreement term is 15 years, renewable in accordance with the current Franchise Agreement.
Q. DO YOU OFFER ANY TYPE OF FINANCIAL ASSISTANCE?
A. Beef Shack does not provide financing, however we are associated with and can direct you to several lending institutions or SBA lenders.
Q. WHO IS RESPONSIBLE FOR FINDING A LOCATION?
A. We will help you in all aspects of site location, from demographic analysis to the physical attributes of the location, and we will be happy to evaluate locations you are interested in.
Q. HOW LONG DOES IT TAKE TO BUILD THE STORE?
A. Once the space is turned over from the landlord the typical build-out takes from 8 to 12 weeks.
Q. WHAT IS THE STANDARD SIZE OF A STORE?
A. The typical Beef Shack location is 1,500 square feet.