Franchimp Summary Rating
Higher than 67% of peers
Franchise Summary
Description
The franchise relates to the establishment and operation of a steak house restaurant offering a full bar which is identified by the marks “Ruth’s Chris Steak House” and “Ruth’s Chris.” Ruth’s Chris Steak House Franchise, LLC, a Louisiana Limited Liability Company, offers these rights.
Company Background
The Ruth's Chris Steak House Franchise, LLC is the franchisor of "Ruth's Chris" and operates a restaurant that specializes in steak. The franchise offers these rights to its customers: (1) full bar service; (2) delicious entrees; and (3) fine dining experience. It is identified by marks such as "Ruth's Chris" and "Ruth's Chris Steak House."
Franchise Opportunity
Ruth's Chris Steak House is a well-known steakhouse restaurant. However, the company wants to expand its business into new markets and increase sales by adding more franchise locations. The company has found that consumers are willing to spend more on meals at restaurants with full bars than those without them. Therefore, they want to add a bar component to their existing model in order to attract new customers who will then become loyal patrons of the brand. The addition of a full bar will allow Ruth's Chris Steak House to offer an increased variety of menu items while also providing additional revenue streams from alcohol sales. This expansion plan could lead not only be profitable for the company but also provide job opportunities for local residents in each city where one opens up shop.
Corporate Structure
Chris Steak House Franchise, LLC was originally incorporated in Louisiana on July 1, 1972, under the name “Ruth Fertel, Inc.” (doing business as “Chris Steak House”). On July 24, 1985, they reincorporated in Louisiana under the name Ruth’s Chris Steak House Franchise, Inc. On August 1, 2011, Ruth’s Chris Steak House Franchise, Inc. converted from a corporation to a limited liability company. They maintain their principal place of business at 1030 W. Canton Avenue, Suite 100 Winter Park, FL 32789.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Ruth’s Chris Restaurant franchise is $2,539,500 to $5,932,500. This includes $250,000 to $300,000 that must be paid to the franchisor or their affiliates.
Employee Contact Database
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Distribution of Ruth's Chris Steak House Franchisees
Ruth's Chris Steak House Franchise System Development in 2015
FAQ
How much investment do I need to start my own Ruth's Chris Steak House business?
Franchisees typically require at least $264 to $563 investment to get their Ruth's Chris Steak House business started
What are the initial franchise fees for Ruth's Chris Steak House?
Franchisees typically need to pay at least $203 in fees directly to Ruth's Chris Steak House in order to earn the right to launch their business
How much money can I make with a Ruth's Chris Steak House franchise? What are
the average revenues for a typical Ruth's Chris Steak House business?
We haven’t done the math on how much revenue a typical
Ruth's Chris Steak House brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
Ruth's Chris Steak House to generate a similar amount
How long do I need to commit to running a Ruth's Chris Steak House unit? What
is my contractual commitment?
Ruth's Chris Steak House franchisees are typically required to sign up to a
20 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$568,020 to $2,528,500
which is
Much Higher
than the $0 to $0 average in the Restaurants (Sit-Down) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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