| ||||
Updated RecentlyThe Steak Escape vs Red Rock Chili Company Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Red Rock Chili Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $190,200 - $1,300,000 | $215,500 - $394,000 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | - | - |
| Year Founded | 1982 | 2002 |
| Year Franchised | 1983 | 2004 |
| Term Of Agreement | 20 years | 10 years |
| Term Of Agreement | 20 years | 10 years |
| Renewal Fee | - | $2.5K |
Business Experience Requirements |
||
| Experience | ||
Financing Options |
||
| 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 |
||
| Training | - | - |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | - | Co-op advertising, 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) |
100%% of all franchisees own more than one unit Number of employees needed to run franchised unit: 13 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
Expansion Plans |
||
| 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 Red Rock Chili Company
NO LONGER FRANCHISING
Red Rock Chili is sustenance that warms the spirit.
Despite the fact that stew is an American staple, there aren't a mess of spots that offer a wide assortment of decisions. Red Rock Chili Company expects to fill in that executioner downtime between bean stew cook-offs for bean stew darlings by offering eight sorts every day, serving them twelve diverse courses, including on a wiener, spaghetti, rice, a heated potato and nachos. Then again you can get it in a bowl yet once you see the diverse ways they serve it it\'s impossible that you\'ll pick the last mentioned. In the event that bean stew isn\'t your thing they additionally have chicken sandwiches and 3 astounding soups.
About Us
Created from an energy to cook and with more than 40 years of eatery experience, Red Rock Chili Co. opened its Newport Beach, California entryways in 2002. Established via Carol and Paul Collis, Red Rock Chili Co. is a dinning background that is healthy, wholesome and genuinely extraordinary.
Red Rock Chili concentrates essentially on a bowl of incredible tasting bean stew. It is a yearning, an enthusiasm, a fixation for a stewed mix of meat and bean stew peppers whose particular smell makes a permanent engraving on the faculties.
Uncommon blends of flavors, herbs, peppers and even chocolate are utilized to upgrade the "simple" approach, offering clients extraordinary esteem, assortment and taste.
Indeed, even the words "Red Rock Chili" can energize to a bean stew darling, for it summons the recollections of a dish that warms the heart and grasps the body in an air of hot fulfillment.