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Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs R. J. Boar's Barbeque 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 | $378,000 - $910,000 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | 6% | 4% |
Advertising Fee | - | - |
Year Founded | 1982 | - |
Year Franchised | 1983 | - |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 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 | - |
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.
R.J. Boar's Franchising Corp. is granting establishment understandings for R.J. Boar's Barbecue Restaurants to qualified people. The R.J.Boar's equation has earned honors for the member eateries on which the establishment units are designed according to. Jim and Ross Murty, principals of the establishment organization, have broad eatery and establishment encounter. Ross remarked, "We have won honors in the past in light of our customer ubiquity, yet I think we are as pleased with the eatery administration framework we have created for franchisees. Furthermore, I would prescribe to anybody purchasing an establishment that they painstakingly look at the working framework, since they will utilize it regular."