Famous Dave's vs Steak Escape Franchise Comparison

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

Start-Up Costs and Fees

 
Famous Dave's Franchise
Steak Escape Franchise
Investment $481,750 - $4,495,750 $224,000 - $665,000
Franchise Fee $45,000 $35,000
Royalty Fee 5% 6%
Advertising Fee 1%Nat'l + 1.5% local 0.5%
Year Founded 1995 1996
Year Franchised 1998 1996
Term Of Agreement 20 years -
Term Of Agreement 20 years -
Renewal Fee 50% of then-current fee -


Business Experience Requirements

 
Famous Dave's Franchise
Steak Escape Franchise
Experience * Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food. -

Financing Options

 
Famous Dave's Franchise
Steak Escape Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees No/No No/No
Start-up Costs No/No No/No
Equipment No/Yes No/No
Inventory No/No No/No
Receivables No/No No/No
Payroll No/No No/No

Training & Support

 
Famous Dave's Franchise
Steak Escape Franchise
Training - -
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives -
Marketing Co-op advertising, Ad slicks, Regional advertising -
Operations Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 65

Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators)

-

Expansion Plans

 
Famous Dave's Franchise
Steak Escape Franchise
US Expansion Yes -
Canada Expansion No -
International Expansion No -

Start-Up Costs and Fees Mobile

Investment
Famous Dave's Franchise
$481,750 - $4,495,750
Steak Escape Franchise
$224,000 - $665,000
Franchise Fee
Famous Dave's Franchise
$45,000
Steak Escape Franchise
$35,000
Royalty Fee
Famous Dave's Franchise
5%
Steak Escape Franchise
6%
Advertising Fee
Famous Dave's Franchise
1%Nat'l + 1.5% local
Steak Escape Franchise
0.5%
Year Founded
Famous Dave's Franchise
1995
Steak Escape Franchise
1996
Year Franchised
Famous Dave's Franchise
1998
Steak Escape Franchise
1996
Term Of Agreement
Famous Dave's Franchise
20 years
Steak Escape Franchise
-
Renewal Fee
Famous Dave's Franchise
50% of then-current fee
Steak Escape Franchise
-


Business Experience Requirements

Experience
Famous Dave's Franchise
* Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food.
Steak Escape Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Famous Dave's Franchise
No/No
Steak Escape Franchise
No/No
Start-up Costs
Famous Dave's Franchise
No/No
Steak Escape Franchise
No/No
Equipment
Famous Dave's Franchise
No/Yes
Steak Escape Franchise
No/No
Inventory
Famous Dave's Franchise
No/No
Steak Escape Franchise
No/No
Receivables
Famous Dave's Franchise
No/No
Steak Escape Franchise
No/No
Payroll
Famous Dave's Franchise
No/No
Steak Escape Franchise
No/No

Training & Support

Training
Famous Dave's Franchise
-
Steak Escape Franchise
-
Support
Famous Dave's Franchise
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Steak Escape Franchise
-
Marketing
Famous Dave's Franchise
Co-op advertising, Ad slicks, Regional advertising
Steak Escape Franchise
-
Operations
Famous Dave's Franchise
Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 65

Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators)

Steak Escape Franchise
-

Expansion Plans

US Expansion
Famous Dave's Franchise
Yes
Steak Escape Franchise
-
Canada Expansion
Famous Dave's Franchise
No
Steak Escape Franchise
-
International Expansion
Famous Dave's Franchise
No
Steak Escape Franchise
-

Company Overviews

About Famous Dave's

Famous Dave's is a "specialty" casual dining restaurant franchise, creating environments that transcend current restaurant offerings by serving the highest quality, flavor-intense foods in surroundings that are stimulating, interesting and fun! Famous Dave's is more than a restaurant - it's an escape from the ordinary. Few restaurants in history have achieved as much recognition in a few short years as Famous Dave's! Dave's road to fame began with a strong hankerin' for fine barbecue and a stronger desire to make the finest slow-smoked barbecue folks had ever tasted. He visited rib shacks, roadside joints, every hole-in-the-wall or fancy pants supper club he could, all in search of the most succulent meats, savory seasonings and lipsmackin' sauces around. After 25 years of tastin' and cookin', Dave's barbecue just plain knocked the socks off his family and friends. That's when Dave decided he had to share. He wanted to give all the folks a chance to dig into the best barbecue ever. And in a place as down-home fun and frolicsome as the shacks and clubs he went a callin' on all those years.

"Top
#57 in Gator's Top franchises.

"franchiserankingscom"
#96 on Franchise Rankings.com


About Steak Escape

Start with fresh, quality food. Add a sizzling hot grill. Toss in performance and a bit of friendly attitude. Throw it all together, and you've got a great opportunity with the  Steak Escape system. The Steak Escape system of quick service restaurants has more than a 25-year history of helping our franchisees provide high-quality service to their customers. We are looking for individuals who recognize the value of our brand, are interested in owning their own business, and are committed to quality. Owning your own business is a big decision, so we encourage you to spend some time learning more about becoming a franchisee. If you have any questions along the way, feel free to give us a call.