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Updated RecentlyThe Steak Escape vs Buffalo Philly's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Buffalo Philly's 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 | $215,200 - $376,100 |
| Franchise Fee | $25,000 | $18,000 |
| Royalty Fee | 6% | 4% |
| Advertising Fee | - | - |
| Year Founded | 1982 | 2000 |
| Year Franchised | 1983 | 2004 |
| Term Of Agreement | 20 years | 10 years |
| Term Of Agreement | 20 years | 10 years |
| Renewal Fee | - | $9K |
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/No |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | - | Ad slicks, National media, Regional advertising |
| 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) |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 12
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
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 Buffalo Philly's
Buffalo Philly is a unique high-energy restaurant concept dedicated to serving family and friends of all ages. Our mission is to provide a quality meal with exceptional value, complete with professional customer service whether dining in our relaxed, friendly atmosphere or taking the order to go. Buffalo Philly's offers full catering to any special event or party, or you can bring your group here. At Buffalo Philly's�, great tasting food is our promise. Our menu will feature brand name products such as made to order Perdue Jumbo chicken and wings as well as Certified Black Angus Steak. Our products are 100% guaranteed whether you choose from our 9 delicious sauces for your wings or a mouthwatering Philadelphia cheesesteak with saut�ed Vidalia onions and portabella mushrooms.