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Updated RecentlyThe Steak Escape vs Port Of Subs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Port Of Subs 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 | $214,500 - $397,100 |
| Franchise Fee | $25,000 | $18,500 |
| Royalty Fee | 6% | 5.5% |
| Advertising Fee | - | 1% |
| Year Founded | 1982 | 1972 |
| Year Franchised | 1983 | 1985 |
| Term Of Agreement | 20 years | 10 years |
| Term Of Agreement | 20 years | 10 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/Yes |
| 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 | - | Two people per restaurant are required to successfully complete the Port of Subs®’ training in a Certified Training Restaurant. One person will spend four weeks of training in the restaurant and at the Port of Subs® Corporate Office in Reno, Nevada. The second person will spend two weeks of training in the restaurant. |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
| Marketing | - | - |
| 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) | - |
Expansion Plans |
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| US Expansion | - | Yes |
| 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 Port Of Subs
Eatery Ownership Never Tasted So Good
Visitors have been getting a charge out of the considerable taste of Port of Subs®' sandwiches for more than 40 years. In 1972, two siblings from New Jersey opened a humble submarine sandwich shop in Sparks, Nevada called the "Sub Shop". John Larsen, a Public Accountant who had been prompting the Sub Shop proprietors, grabbed the open door and bought the business in 1975. Subsequent to taking control, Larsen supported a group wide challenge to pick another name. In a survey of more than 10,000 challenge passages, Port of Subs® was conceived.
Not at all like a large portion of our opposition, we possess and work a significant number of Port of Subs® eateries speaking to roughly 25% of our chain. This speaks to a speculation of well over $5,500,000. Not at all like our rivals, we have put resources into our own particular eateries since we have confidence in our item and in our framework. After more than 40 years in business and more than 140 eateries open and working, we comprehend franchisees start things out. Our framework is basic; we develop the brand with trustworthiness by enlisting the most qualified franchisees conceivable and working with them to locate the most ideal areas. Since Port of Subs® possesses and works corporate eateries all through the framework, we remain educated about the day by day operations and difficulties eatery administrators confront. We help with demonstrated practices and methods.
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