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Updated RecentlyThe Steak Escape vs Bennett's Bar-B-Que Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Bennett's Bar-B-Que 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 | $1,200,000 - $2,000,000 |
| Franchise Fee | $25,000 | $35,000 |
| Royalty Fee | 6% | 3.5% |
| Advertising Fee | - | - |
| Year Founded | 1982 | 1984 |
| Year Franchised | 1983 | 1989 |
| Term Of Agreement | 20 years | 20 years |
| Term Of Agreement | 20 years | 20 years |
| Renewal Fee | - | $5K |
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/No |
| Equipment | No/No | No/No |
| 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 | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | - | Ad slicks, 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) |
Number of employees needed to run franchised unit: 50 Absentee ownership of franchise is allowed. |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
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 Bennett's Bar-B-Que
Engelwood, Colorado-based Bennett's Bar-B-Que has operated full and quick-service barbecue restaurants since 1984. At its Western-themed full-service restaurants, the company offers a menu of beef brisket, ribs, pork, chicken, turkey, sausage and side dishes like barbecue beans and coleslaw. The quick-service locations serve select menu items in mall food courts and shopping centers.