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Updated RecentlyThe Steak Escape vs Ruth's Chris Steak House Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Ruth's Chris Steak House 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 | $2,539,500 - $5,923,500 |
| Franchise Fee | $25,000 | $150,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | - | 2% |
| Year Founded | 1982 | 1965 |
| Year Franchised | 1983 | 1976 |
| 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 Ruth's Chris Steak House
With more locations than any other upscale steakhouse, our excellent service, genuine hospitality and signature sizzle is recognized by customers worldwide. The recipe is brilliantly simple: we deliver the best steak experience one memorable meal at a time, each and every time. Just like our fearless founder, Ruth Fertel, did all those years ago. Sometimes it's good to be picky: As a publicly held company with over 130 successful locations, we've worked with diverse partners to position our steak houses in unique locations. You'll find us in major hotels, casinos, prime corners of high-end malls, the most visited downtown areas - even in Boston's venerable Old City Hall. Only the very best will do: The people you want to attract to your next development - upscale, tasteful and loyal - all know what to expect from the Ruth's Chris Steak House experience. They look to us for our inviting atmosphere, award-winning wine list, USDA Prime steaks, homemade dishes and quality ingredients. 1800 broiler. 180 difference: Our USDA Prime steaks are prepared in a special 1800 broiler to seal in the juices and lock in that delicious flavor. We bring that same special sizzle to every location we call home.