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Below is an in-depth analysis and side-by-side comparison of The Steak Escape vs Vivanty's Kitchen 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 | $165,000 - $185,000 |
Franchise Fee | $25,000 | N/A |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1982 | - |
Year Franchised | 1983 | - |
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 | - |
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.
At Vivanty's, we utilize eco-friendly materials in the construction of our venues and in our daily operations. We choose to be a leader in the convenience food market, setting new standards by minimizing our environmental footprint with the use of biodegradable and recycled materials, and an efficient waste management system. We partner with Earth-friendly charitable organizations, and we believe that our efforts will make a positive difference to our planet.Vivanty's Kitchen is a turn-key franchise business with low start-up costs. On joining Vivanty's franchise team, you will benefit from our operational standards and procedures, under the guidance of our highly experienced management team. You will be provided with our support in the areas of: � marketing � operations � training � real estate development � financing assistance The future is green.