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Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Voo Doo BBQ & Grill 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 | $340,500 - $625,000 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | - | 2% |
Year Founded | 1982 | 2002 |
Year Franchised | 1983 | 2006 |
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 | - | You and your key managers will participate in an intense training course for four to six weeks at our headquarters in Baton Rouge. During training you will be given our detailed manual that covers a wide array of topics key to operating your restaurant. Our store opening team will be on site with you several days before you open to help you set up your store and train your staff. We will stay with you for several days after you open to assist in the transition. As needed we will provide on-going training to intro- duce new operating methods and menu items. |
Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Our field support team will periodically visit your store to meet with you and provide operational evaluations. Our CEO provides personal financial and performance consulting to each of our franchisees at least once a month. We go above and beyond to assist our franchisees with their success. |
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.