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Updated RecentlyThe Steak Escape vs Veggirama Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Veggirama 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 | $150,000 - $175,000 |
| Franchise Fee | $25,000 | $25,000 - $40,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | - | - |
| Year Founded | 1982 | 1979 |
| Year Franchised | 1983 | 1999 |
| 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 | - | - |
| 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 | - |
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 Veggirama
In 1999, VEGGIRAMA and are step by step changed over into Cultures eateries.
Find our idea Veggirama emerges of the brisk administration advertise by the freshness of its menu. Every one of our suppers are set up on the premises, day by day and with crisp and first quality fixings. Our idea is the perfect decision to appreciate light, crisp and delightful dinners. Our energy for freshness is reflected by our 4 S: Soups, Sandwiches, Salads and Smoothies. Veggirama - Healthy joys. We adjust our day by day endeavors towards the regard of our motto.