Damon's vs Steak Escape Franchise Comparison

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

Start-Up Costs and Fees

 
Damon's Franchise
Steak Escape Franchise
Investment $1,200,000 - $3,200,000 $224,000 - $665,000
Franchise Fee $50,000 $35,000
Royalty Fee 4% 6%
Advertising Fee - 0.5%
Year Founded 1979 1996
Year Franchised 1982 1996
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee - -


Business Experience Requirements

 
Damon's Franchise
Steak Escape Franchise
Experience
  • Industry experience
  • -

    Financing Options

     
    Damon'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/No No/No
    Inventory No/No No/No
    Receivables No/No No/No
    Payroll No/No No/No

    Training & Support

     
    Damon's Franchise
    Steak Escape Franchise
    Training - -
    Support Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives -
    Marketing Co-op advertising, Ad slicks, Regional advertising -
    Operations Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 80

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    -

    Expansion Plans

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

    Start-Up Costs and Fees Mobile

    Investment
    Damon's Franchise
    $1,200,000 - $3,200,000
    Steak Escape Franchise
    $224,000 - $665,000
    Franchise Fee
    Damon's Franchise
    $50,000
    Steak Escape Franchise
    $35,000
    Royalty Fee
    Damon's Franchise
    4%
    Steak Escape Franchise
    6%
    Advertising Fee
    Damon's Franchise
    -
    Steak Escape Franchise
    0.5%
    Year Founded
    Damon's Franchise
    1979
    Steak Escape Franchise
    1996
    Year Franchised
    Damon's Franchise
    1982
    Steak Escape Franchise
    1996
    Term Of Agreement
    Damon's Franchise
    10 years
    Steak Escape Franchise
    -
    Renewal Fee
    Damon's Franchise
    -
    Steak Escape Franchise
    -


    Business Experience Requirements

    Experience
    Damon's Franchise

  • Industry experience
  • Steak Escape Franchise
    -

    Financing Options

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

    Training & Support

    Training
    Damon's Franchise
    -
    Steak Escape Franchise
    -
    Support
    Damon's Franchise
    Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
    Steak Escape Franchise
    -
    Marketing
    Damon's Franchise
    Co-op advertising, Ad slicks, Regional advertising
    Steak Escape Franchise
    -
    Operations
    Damon's Franchise
    Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 80

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    Steak Escape Franchise
    -

    Expansion Plans

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

    Company Overviews

    About Damon's

    Founded in 1979, Damon's International, Inc., is headquartered in Columbus, Ohio. With more than 100 company and franchised locations worldwide, Damon's International, Inc., is a leading full-service, casual dining restaurant concept that emphasizes prime rib, grilled steaks, chicken, seafood, salad and Damon's award-winning ribs. Guests enjoy a quiet dining room or Damon's high-energy Clubhouse that features DTV, a proprietary, state-of-the-art multi-screen entertainment system offering sports, network programming and interactive games. Join a growing brand and enjoy the benefits of a great restaurant heritage and a strong and committed management team. Built upon a strong reputation for excellent barbecued ribs and outstanding entertainment in a unique dining environment, Damon's Grill is one of the industry's most distinctive casual theme restaurant concepts with high energy and great food. Damon's Grill has several lucrative territories available to experienced restaurant professionals who can demonstrate financial and operating capabilities.

    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.