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Updated RecentlyThe Steak Escape vs Tossed Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Tossed including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $190,200 - $1,300,000 | $263,500 - $397,000 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | - | 1% |
| Year Founded | 1982 | 1998 |
| Year Franchised | 1983 | 0 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Although a food background is certainly helpful, it is not required but we highly recommend your store operator be experienced in day to day food service operations. We are looking for franchisees that have a strong business background that can operate multiple units. Tossed is the ideal expansion vehicle for existing knowledgeable operators. More important than experience in the food service industry, you should have the following qualities: customer service orientation, the ability to train and motivate, enthusiasm, energy and willingness to follow our systems. | |
Financing Options |
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| In-House/3rd Party | In-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 |
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| Training | - | A training team will train your management and staff with the necessary skills to provide excellent customer service. |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Our franchise core is designed to provide you with the tools and support you need to make Tossed the first choice for potential customers. The support begins before you open your restaurant with a development team that will assist in creating the Tossed environment. Once your restaurant is open, ongoing follow-up support will be provided to insure that systems and specifications are in place. |
| Marketing | - | - |
| 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 |
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| US Expansion | - | Yes |
| 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 Tossed
Our franchise program supports the franchisee whether you are a single unit operator, or you choose to build multiple locations. Benefits of a Tossed Regional Developer * Opportunity to own the exclusive rights to develop Tossed restaurants in your territory * The ability to recruit franchisees within your territory * Supervision over the development and operations of the franchisees operating within your territory * Receive half of the initial franchisee fees that are collected from franchisees in your territory * Receive half of the franchisee royalty fees that are collected from franchisees in your territory Duties * Construction * Preliminary real estate location analysis * Training * Lease negotiations * Pre/post opening support * Architectural/store layout * Marketing support As we expand across the country, we remain completely committed to providing the freshest, healthiest food and world class customer service.