The Steak Escape vs Milio's Sandwiches Franchise Comparison

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

Start-Up Costs and Fees
 
The Steak Escape Franchise
Milio's Sandwiches Franchise
Investment $190,200 - $1,300,000$180,000 - $500,000
Franchise Fee $25,000$30,000
Royalty Fee 6%6%
Advertising Fee -3.5%
Year Founded 19821989
Year Franchised 19832005
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
The Steak Escape Franchise
Milio's Sandwiches Franchise
Experience
  • General business experience
    		•

    We're looking for outgoing, results-oriented franchise candidates with strong track record of business success; people that can build relationships, lead teams, and have the motivation to excel! Food industry experience a plus. *Liquid Capital Required: $100,000 *Net Worth Required: $150,000

    Financing Options
     
    The Steak Escape Franchise
    Milio's Sandwiches 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
    Milio's Sandwiches Franchise
    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
     
    The Steak Escape Franchise
    Milio's Sandwiches 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 Milio's Sandwiches

    We're Hot! It might be cold-cuts, but our industry is hot. Sandwiches are the fastest growing category, with sales of quick serve restaurants specializing in sandwiches reaching over $10 billion. The average American eats 193 sandwiches per year and visits a franchise sandwich store an average of 2.5 times per week. What makes the typical Milio's franchise so terrific? The secret's in the sub! We start with the highest quality meats and cheeses. Add onions, lettuce and tomatoes. Even our bread is baked fresh daily, right in each store. It's simple for customers to order from Milio's. A streamlined system keeps store operations simple for our team members. Our franchise program simplifies business ownership for qualified, motivated individuals. We are currently looking for new franchisees throughout Minnesota, Wisconsin, Iowa, Illinois and Nebraska; fulfill your dream of owning your own business with this tremendous franchise opportunity.
    Here's what makes Milio's Sandwiches a great opportunity for you: *Tremendous locations available *Sandwich segment in a state of explosive growth *Consumers eat sandwiches 2.5 times a week *Turnkey operations *Training and support from experts *Proven systems Training & Support: The systems, training and support to get you going...and keep you growing. The Milio's franchise program gives you the tools, instruction and guidance to be able to open a location of your own and to continue to strengthen business in the years to come.
    Here's what you'll receive: *Use of the Milio's name and logo. *Assistance in site selection, restaurant design and initial recruitment. *Training in management, marketing, food preparation and customer service. *Ongoing operational and promotional support and consultation. *Ongoing development of new menu items, vendor sourcing and operational techniques.