Free Offer From FranchiseWorks.com

Sign Up For the FranchiseWorks.com Newsletter and Receive Our Free Consumer Guide to Buying a Franchise
Email Address:
Country:
State:


No Thanks
Twitter FranchiseWorks    FaceBook FranchiseWorks    Pinterest FranchiseWorks
Bookmark and Share    FranchiseWorks RSS Feeds

  My Franchise Cart
Friday, 3/24/2017

Platinum Franchise
Gold Franchise
Silver Franchise

Business Opportunities
Multi-Unit Franchise
Home-Based Franchise
Franchises for Women

Resource Center
Visit the IFA web site
Franchise
Industry Categories
Lee’s Hoagie House Franchise. An Authentic Philadelphia Hoagie & Cheese Steak Franchise. Don't Just Own A Franchise, Own A Philadelphia Tradition.
Sombrero Mexican Food Franchise For Sale. Open An Authentic Mexican Restaurant Franchise. Redhouse Bagels Franchise For Sale. A Bagel Franchise The Whole Family Will Love. Redhouse Bagels Franchise, We Make & Bake Our Bagels Fresh Daily. Total Net Gross Revenue: $655,070 in 2013*. You can achieve a great work-life balance since Redhouse Bagels is open until just 2 p.m. daily! Lee’s Hoagie House Franchise. An Authentic Philadelphia Hoagie & Cheese Steak Franchise. Don't Just Own A Franchise, Own A Philadelphia Tradition.
• • • FRANCHISE NEWS STORY • • •

Date: 4/6/2010
More News Stories
Restaurant Franchise Stockade Companies ‘Beefs Up’ Incentives to Ease Start-Up Costs.
FranchiseWorks.com | Restaurant Franchise Stockade Companies ‘Beefs Up’ Incentives to Ease Start-Up Costs. Multi-Unit Franchise Chain Cuts Franchise and Royalty Fees with Development Incentive Program.

TAYLOR, Texas – Refusing to let today’s economic challenges get in the way of the company’s growth, Stockade Companies recently launched an incentive program designed to ease start-up costs for new and existing franchisees.

Effective through the end of 2010, the incentive program is available to those interested in all three of Stockade Companies’ brands – Montana Mike’s, Sirloin Stockade and Coyote Canyon – and includes a 50 percent reduction in the initial franchise fee ($20,000 to $10,000) and 1.5 percent royalty fees for the first year.

Already, Stockade Companies has successfully signed three deals in Illinois, North Dakota and Mexico as part of the incentive, said COO Terry Harstad, noting the growing interest in franchisees looking to become part of a successful international multi-concept chain in the buffet and casual dining categories.

“Given the continued uncertainty in the economy, we are excited to offer this program to help both existing and potential new franchisees grow within the Stockade Companies family,” Harstad added. “Millions of people dream of owning their own business, but lack the financial backing to do so. Our incentive program boosts their chances - and their hopes.”

To qualify for the incentive program, franchise agreements must be signed by December 31, 2010, and construction of the new restaurants must be completed by June 1, 2011. The incentive is being offered in the United States and Mexico.

Although not a household name, Stockade Companies is not small, boasting nearly 100 restaurants throughout the United States and Mexico. Since opening its first Sirloin Stockade in Oklahoma City in 1966, the company has grown into a multi-concept chain. Sirloin Stockade is an all-you-can-eat buffet, with many locations also offering steak entrees and featured lunch items. Montana Mike's Steakhouse, added in 1998, is a full-service steakhouse concept. Coyote Canyon, added in 1999, is a casual all-inclusive, one-price concept with an all-you-can-eat steak buffet prepared before the customer on a display grill.

According to Vice President of Marketing Pat Patterson, while Stockade Companies has continued to grow, the company prefers more controlled growth to help its franchise owners as much as possible, evidenced by the company’s plans to open 6-8 new restaurants per year.

“We are not trying to build 50 restaurants in the next year,” Patterson said. “We prefer a more managed growth strategy that allows us to provide each of our franchisees with the attention they deserve. It is important for us to know our franchisees on a first-name basis and guide them to success every step of the way.”

About Stockade Companies
Stockade Companies operates and franchises nearly 100 steak-buffet and casual dining restaurants. Its flagship concept, Sirloin Stockade, offers a variety of beef, chicken, and pork entrees along with a buffet-style salad bar. The company also operates restaurants under the names Coyote Canyon and Montana Mike's Steakhouse. Stockade Companies has locations in Kansas, Texas, and about a dozen other states, and in Mexico. Founded in 1984 by a group of Sirloin Stockade franchisees, the company is owned by a management group led by CEO and franchisee Tom Ford.

If you would like more information about owning a restaurant franchise, go to www.franchiseworks.com.

About www.FranchiseWorks.com 
FranchiseWorks.com was established in 1999 with the goal of providing qualified prospective entrepreneurs with the right franchise or business opportunity that meets his or her needs. We showcase hundreds of franchise and business opportunities in a variety of industries including new start-ups to established companies. www.FranchiseWorks.com also has information on franchise financing sources, business opportunity and franchise trade show schedules along with the latest franchise news. For additional franchise information visit the franchise blog - http://franchiseworks.blogspot.com.