The Steak Escape vs Togo's Eateries, LLC Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Togo's Eateries, LLC including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
The Steak Escape Franchise
Togo's Eateries, LLC Franchise
Investment $190,200 - $1,300,000$240,500 - $545,700
Franchise Fee $25,000$30,000
Royalty Fee 6%5%
Advertising Fee -3%
Year Founded 19821971
Year Franchised 19831977
Term Of Agreement 20 years10 years, renewable
Term Of Agreement 20 years10 years, renewable
Renewal Fee --


Business Experience Requirements

 
The Steak Escape Franchise
Togo's Eateries, LLC Franchise
Experience
  • General business experience
  • We're looking for franchisees with an entrepreneurial spirit and the willingness to work hard. Franchisees invest in us because they know how great our sandwiches are and how much our loyal guests love them. To invest in our great organization, a single restaurant development requires $150,000 in liquid assets and a net worth of $300,000. Three or more restaurant developments require $450,000 in liquid assets and a net worth of $900,000.

    Financing Options

     
    The Steak Escape Franchise
    Togo's Eateries, LLC Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/No
    Start-up Costs No/No-/Yes
    Equipment No/No-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/Yes
    Payroll No/No-/Yes

    Training & Support

     
    The Steak Escape Franchise
    Togo's Eateries, LLC Franchise
    Training -As Togo's sandwich franchise owner, you and/or your designated manager will be enrolled in an extensive training program that covers all aspects of restaurant operations - running and marketing the business. The training includes eight hours of food safety certification; a week of classroom training at our headquarters in San Jose, which covers business operations, bookkeeping, marketing, and systems for overseeing and managing your business; three weeks of on-the-job operations training at a Togo's restaurant, learning to make sandwiches, manage inventory, and use the point of sale system. On-The-Job Training: 120 hours Classroom Training: 24 hours
    Support Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsOur ongoing support sets Togo's apart. We group our restaurants into three districts: Northern California, Southern California, and New and Emerging Markets. Each group is overseen by a Vice President of Franchise Operations, who manages a team of Franchise Business Consultants. The Franchise Business Consultants help franchisees track key performance indicators, solve operational challenges, and boost performance. We also provide support with: Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing -Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    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 Required to Run: 14 - 25

    Expansion Plans

     
    The Steak Escape Franchise
    Togo's Eateries, LLC Franchise
    US Expansion -Yes
    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 Togo's Eateries, LLC

    Togo's has been a true West Coast original since 1971. Our friendly, non-corporate personality and our demand for fresh, high-quality food has been bringing guests to our sandwich franchises for more than four decades.
    Our sandwich franchise began when a young college student with a big appetite and a little money bought a small sandwich shack in San Jose where he started making sandwiches the way he liked them -- big, made to order and stuffed with fresh ingredients.


    Seeking new franchise units in the following regions/states:
    Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington
    Veteran Incentives  50% off franchise fee

    "Entrepreneur
    #342 in Franchise 500 for 2020.