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Updated RecentlyThe Steak Escape vs East Coast Subs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs East Coast Subs 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 | $99,000 - $175,000 |
| Franchise Fee | $25,000 | $12,500 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | - | 4% |
| Year Founded | 1982 | 1991 |
| Year Franchised | 1983 | 2008 |
| Term Of Agreement | 20 years | 10 years |
| Term Of Agreement | 20 years | 10 years |
| Renewal Fee | - | 20% of current franchise fee |
Business Experience Requirements |
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| Experience | - | |
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 | - | We offer support & training that is covered in detail in our Franchise Disclosure Document and Operations Manual. |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
| 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 East Coast Subs
NO LONGER FRANCHISING
East Coast Subs was opened in Murray, Utah
on November 1, 1991. It was initially set up as an association amongst
Ray and Carla Quintana, a couple. The Murray area is still claimed and
worked by the Quintanas, who together have over 60 years involvement in
the eatery business. An East Coast Subs Franchisee will offer astounding
Philadelphia style subs and other sustenance things. We are best known
for our steak subs, and the best way to truly comprehend is to have one.
When you do you will comprehend why our clients continue returning.
Clients are offered a few assortments of steak subs and different
sandwiches, each of which comes in 2 sizes with 2 sorts of bread to
browse. Sandwiches are made by client's wishes.