The Steak Escape vs Freshii Franchise Comparison

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

Start-Up Costs and Fees
 
The Steak Escape Franchise
Freshii Franchise
Investment $190,200 - $1,300,000$179,000 - $483,000
Franchise Fee $25,000$30,000
Royalty Fee 6%6%
Advertising Fee -2%
Year Founded 19822005
Year Franchised 19832008
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
The Steak Escape Franchise
Freshii Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    The Steak Escape Franchise
    Freshii 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
    Freshii 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)

    		* Efficient operations systems. * Sophisticated POS systems to manage our business, track key financial and demographic metrics and maximize profits. * Operations, Branding, and Finance Leaders who bring unique and high level skills to the Freshii Management Team. * Unique Service techniques and packaging materials to minimize environmental impact. * Established purchasing power and contacts with National and Local food vendors.

    Expansion Plans
     
    The Steak Escape Franchise
    Freshii 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 Freshii

    Eat. Energize. That’s the Freshii mantra. Freshii is a health casual restaurant concept that serves fresh food designed to energize people on the go. The brand mission is to help citizens of the world live better by making healthy food convenient and affordable. With a diverse and completely customizable menu of salads, wraps, bowls, burritos, soup, fresh pressed juices, smoothies, frozen yogurt, served in a modern and eco-friendly environment, Freshii caters to every dietary need, preference and type of taste buds. Freshii operates hundreds of locations in cities and countries around the world. Freshii restaurants can be found in all types of locations from cosmopolitan cities, malls, college campuses, suburb neighborhoods, fitness clubs, airports and small towns.
    Freshii was awarded 2013's Top Franchise of the Year in Canada and is continuing to attract high quality franchise partners, worldwide. For years, restaurants have tried to figure out ways to sell customers more than just a meal. When executed properly, the retail business provides significant economic benefits to a restaurant including raising the value of a customer's visit, optimizing labor usage, smoothing peak sales times, and allocating rent across multiple businesses. Freshii is extending the restaurant-retail concept and creating the archetype for maximizing sales in the restaurant industry. We call it NUTRITION TO GO
     With our system you receive:
    * Use of brand name, trademarks, recipes, operational systems and methods, and decor
    * Facility planning on site location and architectural design
    * Specifications for fixtures, equipment, and leasehold improvements
    * Assistance in site selection and lease negotiation
    * Corporate training for Owner/Operator and Director of Operations/General Managers
    * Kitchen/Back of the House Workflow design
    * Ongoing support from members of the Training and Operations Team
    * Ongoing updates for increasing profitability
    * Products with high industry demand
    * Efficiency in all systems
    * Favorable contracts with suppliers of goods and services

    * Operating manuals, policies, procedures, and business management systems

    "Top

    #36 in Canada's Top franchises.