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Updated RecentlyThe Steak Escape vs Houston Restaurants Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Houston Restaurants 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 | $1,350,000 |
| Franchise Fee | $25,000 | $50,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | - | - |
| Year Founded | 1982 | 1998 |
| Year Franchised | 1983 | 1999 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 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 | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| 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 | - | - |
| Canada Expansion | No | - |
| International Expansion | 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 Houston Restaurants
Specializing in grilled steaks, ribs and meats of all kinds, HOUSTON restaurants have the mission to serve superior quality food at affordable prices in a highly courteous manner. Every location also has an attractive and trendy bar with a friendly atmosphere that makes it the meeting place par excellence. Customer attention is the key element of the concept in every aspect of the business.