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Updated RecentlyThe Steak Escape vs Old Carolina Barbecue Co. Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Old Carolina Barbecue Co. 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 | $309,800 - $687,000 |
| Franchise Fee | $25,000 | $25,000 - $30,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | - | 0.5% |
| Year Founded | 1982 | 2006 |
| Year Franchised | 1983 | 2012 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal 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 | - | - |
| 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 Old Carolina Barbecue Co.
A passion for great barbecue inspired two former high school buddies to start a competition barbecue team in 2003. Travels across the country led us to discover the rich traditions of Carolina-style barbecue. During many road trips across the region, second and third generation pitmasters shared their closely guarded secrets and decades old recipes. It wasn't long before those recipes started earning Old Carolina trophies on the barbecue circuit. Best sauce. Best ribs. Best pulled pork. Fans of Old Carolina demanded a regular outpost they could visit every day of the week. And, in 2006, the first Old Carolina Barbecue Company restaurant opened in Massillon, OH. If you have tasted our food, you know that our concept is not just about barbecue. It's about great barbecue. If you have a passion to deliver that in your home market, we'd love to hear from you.