The Steak Escape vs Bandana's Bar-B-Q Franchise Comparison

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

Start-Up Costs and Fees
 
The Steak Escape Franchise
Bandana's Bar-B-Q Franchise
Investment $190,200 - $1,300,000$418,000 - $1,100,000
Franchise Fee $25,000$40,000
Royalty Fee 6%5%
Advertising Fee --
Year Founded 19821996
Year Franchised 19832004
Term Of Agreement 20 years10 years
Term Of Agreement 20 years10 years
Renewal Fee -50% of current franchise fee


Business Experience Requirements
 
The Steak Escape Franchise
Bandana's Bar-B-Q Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    The Steak Escape Franchise
    Bandana's Bar-B-Q 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
    Bandana's Bar-B-Q Franchise
    Training -* Available at headquarters: 5 weeks

    * At franchisee's location: 10 days

    * As needed
    Support Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations* Newsletter

    * Meetings

    * Toll-free phone line

    * Grand opening

    * Internet

    * Security/safety procedures

    * Field operations/evaluations

    * Purchasing cooperatives

    * Ad slicks

    * Regional advertising
    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
    Bandana's Bar-B-Q 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 Bandana's Bar-B-Q

    The tradition began in September of 1996 when our first Bandana's BAR-B-Q opened in Arnold, Missouri. Our mission remains the same, to provide the best Southern Style BAR-B-Q, with exceptionally quick service, in a friendly, family atmosphere. Our real wood pit smokers operate 24 hours a day, which is why you can "SMELL THAT SMOKE" every time you come to Bandana's BAR-B-Q.