The Steak Escape vs Schlotzsky's Franchise Comparison

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

Start-Up Costs and Fees
 
The Steak Escape Franchise
Schlotzsky's Franchise
Investment $190,200 - $1,300,000$719,400 - $959,400
Franchise Fee $25,000$35,000
Royalty Fee 6%6%
Advertising Fee -4%
Year Founded 19821971
Year Franchised 19831977
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
The Steak Escape Franchise
Schlotzsky's Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    The Steak Escape Franchise
    Schlotzsky's Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/Yes
    Equipment No/No-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    The Steak Escape Franchise
    Schlotzsky's Franchise
    Training - On-The-Job Training: 240 hours Classroom Training: 50 hours
    Support Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsPurchasing 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 National Media 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)

    		-

    Expansion Plans
     
    The Steak Escape Franchise
    Schlotzsky's Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    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 Schlotzsky's

    Founded in 1971, Schlotzsky's is a pioneer in the fast casual restaurant category, offering customers an inviting restaurant feel, affordable meals throughout the day, and great food that has created a passionate following among customers throughout the country and the world. Our delicious and unique products, exciting, modern restaurant design, superior franchise support and committed ownership make a Schlotzsky's franchise a great business opportunity.  Joining the Schlotzsky's franchise family will open the door to an exciting future.

    Veteran Incentives  $10,000 off franchise fee           

    "Entrepreneur
    #349 in Franchise 500 for 2020.
    #374 in Franchise 500 for 2021.