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Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Duke Sandwich Company 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 | $150,000 - $1,100,000 |
Franchise Fee | $25,000 | $25,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | - | - |
Year Founded | 1982 | 1917 |
Year Franchised | 1983 | 2004 |
Term Of Agreement | 20 years | 5 years |
Term Of Agreement | 20 years | 5 years |
Renewal Fee | - | - |
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 | No/No |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
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Training | - | - |
Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | - | 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) |
Franchise can be run from home.
Number of employees needed to run franchised unit: 8 - 8
Absentee ownership of franchise is allowed. |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
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.
The goodness and tradition of Duke Sandwich Co. can be traced back to
Eugenia Duke preparing sandwiches for World War I soldiers - delectably
simple spreads that reminded the doughboys of a taste of home. New
flavors and new traditions are being born every day at Duke Sandwich
Co., yet they’re driven by the same integrity and passion that propelled
the company forward a century ago. Now to celebrate our 100 year
anniversary we introduce a new brand and soon new menu items to follow.
Don't worry your favorites are not going anywhere! Now this family-owned and operated company is sharing its original recipes and time-tested business system-offering franchise opportunities exclusively in South Carolina, North Carolina, Georgia and Tennessee.