The Steak Escape vs Jon Smith Subs Franchise Comparison

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

Start-Up Costs and Fees

 
The Steak Escape Franchise
Jon Smith Subs Franchise
Investment $190,200 - $1,300,000$309,500 - $887,760
Franchise Fee $25,000$39,500
Royalty Fee 6%6%
Advertising Fee -3%
Year Founded 19821988
Year Franchised 19832007
Term Of Agreement 20 years20 years
Term Of Agreement 20 years20 years
Renewal Fee -$1K


Business Experience Requirements

 
The Steak Escape Franchise
Jon Smith Subs Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    The Steak Escape Franchise
    Jon Smith Subs Franchise
      In-House/3rd PartyIn-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

     
    The Steak Escape Franchise
    Jon Smith Subs Franchise
    Training - On-The-Job Training: 80 hours Classroom Training: 80 hours Additional Training: At existing store
    Support Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line 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)

    Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20

    Expansion Plans

     
    The Steak Escape Franchise
    Jon Smith Subs Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    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 Jon Smith Subs

    Sometimes it seems that everyone sells the “highest quality food at the lowest price.” But saying it doesn’t make it so. I, Jon Smith, am totally committed to providing the best quality food and service for my customers. Look at our food, look at our stores, look at our employees and see our commitment. At Jon Smith Subs, quality is our only deal.
    The total investment necessary to begin operation of a Jon Smith Subs Restaurant is from $309,500 to $615,790. These amounts include $134,500 to $213,790 that you must pay to the franchisor and its affiliates.
    The total investment necessary to begin operation of a Jon Smith Subs Restaurant as a developer under the Multi-Unit Development Agreement is from $370,500 to $887,760 for five restaurants. These amounts include $194,500 to $677,290 that you must pay to the franchisor and its affiliates.
    Veteran Incentives  10% off franchise fee