The Steak Escape vs Submarina Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Submarina including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
The Steak Escape Franchise
Submarina Franchise
Investment $190,200 - $1,300,000$161,818 - $334,118
Franchise Fee $25,000$25,000
Royalty Fee 6%-
Advertising Fee --
Year Founded 1982-
Year Franchised 1983-
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements

 
The Steak Escape Franchise
Submarina Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    The Steak Escape Franchise
    Submarina Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    The Steak Escape Franchise
    Submarina Franchise
    Training --
    Support Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations-
    Marketing -Professionally designed advertising materials are provided to franchisees. Various types of print advertisements and in-store displays enhance the image and exposure of your restaurant. You will learn the most cost-effective ways of bringing in new customers and how to keep them coming back. We will help you implement a comprehensive Grand Opening promotional plan to start your restaurant in the right direction. Marketing allowances, or rebates, which manufacturers pay to Submarina are contributed to the Marketing and Promotional Fund and used for further promotion of all Submarina restaurants.
    Operations International franchisees required to buy multiple units/master licenses

    Number of employees needed to run franchised unit: 20 - 25

    Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    The Steak Escape Franchise
    Submarina Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About The Steak Escape

    The Steak Escape was established in Columbus, Ohio, in 1982 by Ken Smith and Mark Turner. One year later, Escape Enterprise Ltd. was formed, and Steak Escape started franchising mall sites, as well as locations in college campuses, airports and sports arenas. The privately held company specializes in genuine Philadelphia cheesesteaks and operates in more than 30 states as well as overseas.

    About Submarina

    Once you qualify as a franchisee and become a licensee of the Submarina franchise system, we put our efforts into teaching you the Submarina system. Since the success of your franchise is mainly dependent on how well you follow our system, we are committed to you every step of the way. Our effective system of operation will give you the edge necessary to create a thriving business. The Submarina franchise program provides you the following support and assistance: *Financing *Site Selection and Lease Negotiations *Restaurant Design and Construction *Training and Operations Manual *Marketing Programs *Group Purchasing Power and Proprietary Products *New Product Development *Quality Control and Ongoing Support *Development Rights Program