The Steak Escape vs Mighty Quinn's Barbeque Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Mighty Quinn's Barbeque including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
The Steak Escape Franchise
Mighty Quinn's Barbeque Franchise
Investment $190,200 - $1,300,000$494,317 - $896,334
Franchise Fee $25,000$45,000
Royalty Fee 6%5%
Advertising Fee -1%
Year Founded 19822012
Year Franchised 19832018
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
The Steak Escape Franchise
Mighty Quinn's Barbeque Franchise
Experience
  • General business experience
    		• We are looking for multi-unit franchisees or qualified investors with an established operating team. A passion for food and hospitality are the two most important traits in prospective franchisees.

    Financing Options
     
    The Steak Escape Franchise
    Mighty Quinn's Barbeque Franchise
      In-House/3rd PartyIn-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
     
    The Steak Escape Franchise
    Mighty Quinn's Barbeque Franchise
    Training -Mighty Quinn’s will host your corporate and restaurant team at our training kitchen in New Jersey for extensive course work in production, systems and protocol. Franchisees will also spend time in Mighty Quinn’s restaurants during this process. An additional 2 weeks (one week prior and one week following the opening of your first restaurant) of training will be provided in your local market. Training tools and operational guidance will be provided to the franchisee throughout the process.
    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
     
    The Steak Escape Franchise
    Mighty Quinn's Barbeque Franchise
    US Expansion -Yes
    Canada Expansion No-
    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 Mighty Quinn's Barbeque

    "Mighty

    Mighty Quinn’s Barbeque was founded in 2011 with the belief that great barbeque should be more available in New York City which has one of the most diverse culinary offerings in the world. Co-founders Christos Gourmos, Micha Magid and Hugh Mangum set out to change this and have now grown the brand to 10 locations including a restaurant in the iconic Yankee Stadium and 5 locations internationally.   They set out to create a brand that supported what was most important to themselves and their customers; serving all-naturally raised meats, using fresh ingredients and supporting an environment where great customer service was just as important as the food. Having set the standard in our category we’re now looking for like-minded restaurateurs and entrepreneurs to join us in growing our brand across the country.
    Our fast casual format allows the business to thrive as both the best BBQ restaurant in the neighborhood but also a place to grab a meal in under 10 minutes.
    Our phenomenal slow smoked bbq, efficient service strategy, lean labor model and scalable operating plan will allow operators to quickly expand in their markets.

    Mighty Quinn's Barbeque has worked to establish Mighty Quinn’s as the category leader in fast casual barbeque. What started as a single restaurant in the East Village of Manhattan has grown into a brand with international locations and a national media presence with features on the Food Network, The New York Times and many other influential media platforms. Our mission is to continue building on this momentum in new markets with our franchisee partners.