The Steak Escape vs Steak Escape Franchise Comparison

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

Start-Up Costs and Fees

 
The Steak Escape Franchise
Steak Escape Franchise
Investment $190,200 - $1,300,000$224,000 - $665,000
Franchise Fee $25,000$35,000
Royalty Fee 6%6%
Advertising Fee -0.5%
Year Founded 19821996
Year Franchised 19831996
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements

 
The Steak Escape Franchise
Steak Escape Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    The Steak Escape Franchise
    Steak Escape Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    The Steak Escape Franchise
    Steak Escape 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
    Steak Escape Franchise
    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 Steak Escape

    Start with fresh, quality food. Add a sizzling hot grill. Toss in performance and a bit of friendly attitude. Throw it all together, and you've got a great opportunity with the  Steak Escape system. The Steak Escape system of quick service restaurants has more than a 25-year history of helping our franchisees provide high-quality service to their customers. We are looking for individuals who recognize the value of our brand, are interested in owning their own business, and are committed to quality. Owning your own business is a big decision, so we encourage you to spend some time learning more about becoming a franchisee. If you have any questions along the way, feel free to give us a call.