The Steak Escape vs Silver Mine Subs Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Silver Mine Subs including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
The Steak Escape Franchise
Silver Mine Subs Franchise
Investment $190,200 - $1,300,000$197,000 - $340,000
Franchise Fee $25,000$20,000
Royalty Fee 6%6%
Advertising Fee -4%
Year Founded 19821996
Year Franchised 19832002
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements

 
The Steak Escape Franchise
Silver Mine Subs Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    The Steak Escape Franchise
    Silver Mine Subs Franchise
      In-House/3rd PartyIn-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

     
    The Steak Escape Franchise
    Silver Mine Subs Franchise
    Training -Our three week training course in Fort Collins, Colorado covers the fundamentals of establishing and operating a Silver Mine Subs� franchised restaurant. The training program is a combination of hands-on experience in one of our corporate stores, and classroom education at our corporate office. During training, all franchise owners will receive a proprietary operations manual. Ongoing education is provided through periodic newsletters to all franchisees, franchise conferences and educational seminars held at our corporate headquarters.
    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

     
    The Steak Escape Franchise
    Silver Mine Subs Franchise
    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 Silver Mine Subs

    Hungry for the possibility of being your own boss? Ready to "Dig In" to a tasty concept! Geared up to hit the Mother Lode?Silver Mine Subs goes beyond the standard sandwich shop. Our mining mentality and "silver" delivery service until 3 am make us the most convenient choice for hungry prospectors. Our dedicated franchise team promises entrepreneurs a proven concept with the individualized franchisee attention not often afforded by others. Our product, store atmosphere and people work in concert to provide the perfect food for our customer's lifestyles. Silver Mine Subs delivers not just food, but an experience. Our locations in six states (and growing!) serve over a thousand customers per location per week. You maximize your customer base because unlike other concepts, we go beyond the standard model by delivering great taste directly to the mouths of hungry customers, and we offer healthy food options well beyond the standard dinner hour. Get your share of the silver dust! Contact us to learn more about opening your Silver Mine Subs franchised location!
    When you join the Silver Mine Subs system, you become a part of a growing brand with proven operational success. Silver Mine Subs offers high quality products along with a program that is so good, you do not need restaurant or food experience to succeed.