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Updated 23 july 2021

Franchise Keg Steakhouse & Bar

Investments

$2,500,000

Franchise fee

$50,000

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Short information

$2,500,000

$2,500,000

Investments

5

5

Wishing to buy

1971

1971

Year Brand Started

Franchise Keg Steakhouse & Bar

Investments

$2,500,000

Franchise Fee

50000

Short information

1971

Year Brand Started

About Franchise

The Keg Steakhouse & Bar is the undisputed Steakhouse leader in Canada, with an ever-growing presence in the United States. Founded in 1971, The Keg has a focus on high-quality steaks, and a casual yet contemporary dining experience. As part of our dynamic team, our franchisees have complete operational support, including extensive training, advertising/marketing, and central purchasing. You'll be able to focus on your day-to-day business knowing that there is a team of expert professionals on your side.

In 1971, Vancouver entrepreneur George Tidball founded The Keg Steakhouse & Bar in North Vancouver, Canada. From the beginning, the unique concept of combining great food, superior service, and a comfortable atmosphere proved enormously successful. This winning formula allowed The Keg Steakhouse & Bar to grow quickly into new Canadian and US markets, which today total more than 90 locations across North America.

David Aisenstat, Vancouver restaurateur and businessman, purchased The Keg Steakhouse & Bar legacy in 1997. Today, he lends his vast hospitality experience as The Keg’s President. Focused, experienced, passionate and dedicated, Mr. Aisenstat leads The Keg as it enjoys a level of success unprecedented in the company's history.

Franchise Keg Steakhouse & Bar

Training for you and your staff is thorough. We will train your management team and key staff at one of the corporate locations. We will send a hands-on support opening team to assist in training your staff. Besides travel, accommodation and meals, additional costs for the opening team are minimal. You can open your restaurant with the confidence and knowledge that you have received adequate training to do things The Keg way, with a support system and people to help you.

Our franchise organization is designed to provide you with the tools and support you need to make your restaurant the first choice for people who love steak. The support begins before you open your restaurant with a development team who will assist in creating The Keg environment, followed by a training team to train your management and staff on how to provide your guests with The Keg experience.

Once your restaurant is open, follow up support will be provided to insure that The Keg systems and specifications are in place. Ongoing support will be provided with respect to accounting, marketing, menu development, and human resources.

Franchise Keg Steakhouse & Bar

You have successfully run a business the size and scope of The Keg. Although restaurant experience is preferred, your excellent management skills can be adapted through The Keg's training programs. You have a thorough knowledge of the market in which you wish to open your franchise. It is preferable that you have lived in the city, as well as know the business and cultural climate. Please note that a population base of approximately 100,000 people in Canada or 225,000 in the United States is required for us to consider a new location. You need to have sufficient unencumbered capital.

Although the amount will vary from location to location depending on the specific business, your combined net worth should be a minimum of $2 million. You have a desire to be a part of a successful franchise group. If you are interested in a territory or multiple restaurants, the following additional criteria must be in place: a. A development agreement which will specify the number of sites and the time period in which they must be built. b.

The financial ability to operate more than one restaurant. c. The management capability and personnel to operate the desired number of restaurants in the territory or multiple restaurants. You will be required to submit a proposal detailing all aspects of your business plan and management, shareholder and operating structures. Your plan must include:

  • A projected operating statement of revenue and expenses;
  • A financial plan for construction of your restaurant, including a rough timetable for completion;
  • A personal employment history and business history of all proposed shareholders and operating managers;
  • Details on your proposed operating management team.

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Finance Information

Investments: $2,500,000

Franchise fee: $50,000

Royalty fee: 6%

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Training

Yes

Business Type

Franchise

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