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Updated RecentlyThe Steak Escape vs Primo Hoagies Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Primo Hoagies 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 | $215,500 - $554,500 |
| Franchise Fee | $25,000 | $15,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | - | 2% |
| Year Founded | 1982 | 2002 |
| Year Franchised | 1983 | 2002 |
| 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 | -/Yes |
| Start-up Costs | No/No | -/Yes |
| Equipment | No/No | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 112 hours Classroom Training: 8 hours |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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 | - | - |
| 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 Primo Hoagies
We are very enthused and excited to be able to offer, to certain
qualified individuals, an opportunity to purchase one of a limited
number of PrimoHoagies franchises.
Our venture into franchising has been made possible, and somewhat
necessitated, by an increasingly hard to manage workload at our existing
locations. This is the result of a growing recognition and demand for
our product in the outlying areas of Philadelphia.
This offer presents the opportunity to own and operate your
own business, with the security of having a name and product
recognition that is well established, along with a formula that has
proven to be greatly successful. Through on-going consultation, you will
benefit greatly from the knowledge and expertise provided by the people
who originated PrimoHoagies and subsequently established it as one of the most popular retail food institutions throughout the area and beyond.
Seeking franchisees for strategic national growth.