Steak Escape vs Keg Restaurants Franchise Comparison

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

Start-Up Costs and Fees

 
Steak Escape Franchise
Keg Restaurants Franchise
Investment $224,000 - $665,000 $2,000,000 - $3,250,000
Franchise Fee $35,000 $50,000
Royalty Fee 6% 5%
Advertising Fee 0.5% 2.5%
Year Founded 1996 -
Year Franchised 1996 -
Term Of Agreement - -
Term Of Agreement - -
Renewal Fee - -


Business Experience Requirements

 
Steak Escape Franchise
Keg Restaurants Franchise
Experience - Any experience you have gained in any area of food service always helps. More than anything else, your sound business sense and your compatibility with The Keg's high standards are what will make you an ideal candidate. If you don't have full service restaurant experience, we insist that you have a day-to-day operator with experience; ideally Keg experience. You have successfully run a business the size and scope of The Keg. Although restaurant experience is preferred, your excellent management skills can be adapted through The Keg's training programs. You have a thorough knowledge of the market in which you wish to open your franchise. It is preferable that you have lived in the city, as well as know the business and cultural climate. Please note that a population base of approximately 100,000 people in Canada or 225,000 in the United States is required for us to consider a new location. You need to have sufficient unencumbered capital. Although the amount will vary from location to location depending on the specific business, your combined net worth should be a minimum of $2 million. You have a desire to be a part of a successful franchise group. If you are interested in a territory or multiple restaurants, the following additional criteria must be in place: a. A development agreement which will specify the number of sites and the time period in which they must be built. b. The financial ability to operate more than one restaurant. c. The management capability and personnel to operate the desired number of restaurants in the territory or multiple restaurants. You will be required to submit a proposal detailing all aspects of your business plan and management, shareholder and operating structures. Your plan must include: * A projected operating statement of revenue and expenses; * A financial plan for construction of your restaurant, including a rough timetable for completion; * A personal employment history and business history of all proposed shareholders and operating managers; * Details on your proposed operating management team.

Financing Options

 
Steak Escape Franchise
Keg Restaurants Franchise
  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

 
Steak Escape Franchise
Keg Restaurants Franchise
Training - We will train your management team and key staff at one of the corporate locations. We will send a hands-on support opening team to assist in training your staff. Besides travel, accommodation and meals, additional costs for the opening team are minimal. You can open your restaurant with the confidence and knowledge that you have received adequate training to do things The Keg way, with a support system and people to help you.
Support - The support begins before you open your restaurant with a development team who will assist in creating The Keg environment, followed by a training team to train your management and staff on how to provide your guests with The Keg experience. Once your restaurant is open, follow up support will be provided to insure that The Keg systems and specifications are in place. Ongoing support will be provided with respect to accounting, marketing, menu development, and human resources.
Marketing - -
Operations - -

Expansion Plans

 
Steak Escape Franchise
Keg Restaurants Franchise
US Expansion - -
Canada Expansion - -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
Steak Escape Franchise
$224,000 - $665,000
Keg Restaurants Franchise
$2,000,000 - $3,250,000
Franchise Fee
Steak Escape Franchise
$35,000
Keg Restaurants Franchise
$50,000
Royalty Fee
Steak Escape Franchise
6%
Keg Restaurants Franchise
5%
Advertising Fee
Steak Escape Franchise
0.5%
Keg Restaurants Franchise
2.5%
Year Founded
Steak Escape Franchise
1996
Keg Restaurants Franchise
-
Year Franchised
Steak Escape Franchise
1996
Keg Restaurants Franchise
-
Term Of Agreement
Steak Escape Franchise
-
Keg Restaurants Franchise
-
Renewal Fee
Steak Escape Franchise
-
Keg Restaurants Franchise
-


Business Experience Requirements

Experience
Steak Escape Franchise
-
Keg Restaurants Franchise
Any experience you have gained in any area of food service always helps. More than anything else, your sound business sense and your compatibility with The Keg's high standards are what will make you an ideal candidate. If you don't have full service restaurant experience, we insist that you have a day-to-day operator with experience; ideally Keg experience. You have successfully run a business the size and scope of The Keg. Although restaurant experience is preferred, your excellent management skills can be adapted through The Keg's training programs. You have a thorough knowledge of the market in which you wish to open your franchise. It is preferable that you have lived in the city, as well as know the business and cultural climate. Please note that a population base of approximately 100,000 people in Canada or 225,000 in the United States is required for us to consider a new location. You need to have sufficient unencumbered capital. Although the amount will vary from location to location depending on the specific business, your combined net worth should be a minimum of $2 million. You have a desire to be a part of a successful franchise group. If you are interested in a territory or multiple restaurants, the following additional criteria must be in place: a. A development agreement which will specify the number of sites and the time period in which they must be built. b. The financial ability to operate more than one restaurant. c. The management capability and personnel to operate the desired number of restaurants in the territory or multiple restaurants. You will be required to submit a proposal detailing all aspects of your business plan and management, shareholder and operating structures. Your plan must include: * A projected operating statement of revenue and expenses; * A financial plan for construction of your restaurant, including a rough timetable for completion; * A personal employment history and business history of all proposed shareholders and operating managers; * Details on your proposed operating management team.

Financing Options

  In-House/3rd Party
Franchise Fees
Steak Escape Franchise
No/No
Keg Restaurants Franchise
-/-
Start-up Costs
Steak Escape Franchise
No/No
Keg Restaurants Franchise
-/-
Equipment
Steak Escape Franchise
No/No
Keg Restaurants Franchise
-/-
Inventory
Steak Escape Franchise
No/No
Keg Restaurants Franchise
-/-
Receivables
Steak Escape Franchise
No/No
Keg Restaurants Franchise
-/-
Payroll
Steak Escape Franchise
No/No
Keg Restaurants Franchise
-/-

Training & Support

Training
Steak Escape Franchise
-
Keg Restaurants Franchise
We will train your management team and key staff at one of the corporate locations. We will send a hands-on support opening team to assist in training your staff. Besides travel, accommodation and meals, additional costs for the opening team are minimal. You can open your restaurant with the confidence and knowledge that you have received adequate training to do things The Keg way, with a support system and people to help you.
Support
Steak Escape Franchise
-
Keg Restaurants Franchise
The support begins before you open your restaurant with a development team who will assist in creating The Keg environment, followed by a training team to train your management and staff on how to provide your guests with The Keg experience. Once your restaurant is open, follow up support will be provided to insure that The Keg systems and specifications are in place. Ongoing support will be provided with respect to accounting, marketing, menu development, and human resources.
Marketing
Steak Escape Franchise
-
Keg Restaurants Franchise
-
Operations
Steak Escape Franchise
-
Keg Restaurants Franchise
-

Expansion Plans

US Expansion
Steak Escape Franchise
-
Keg Restaurants Franchise
-
Canada Expansion
Steak Escape Franchise
-
Keg Restaurants Franchise
-
International Expansion
Steak Escape Franchise
-
Keg Restaurants Franchise
-

Company Overviews

About Steak Escape

Start with fresh, quality food. Add a sizzling hot grill. Toss in performance and a bit of friendly attitude. Throw it all together, and you've got a great opportunity with the  Steak Escape system. The Steak Escape system of quick service restaurants has more than a 25-year history of helping our franchisees provide high-quality service to their customers. We are looking for individuals who recognize the value of our brand, are interested in owning their own business, and are committed to quality. Owning your own business is a big decision, so we encourage you to spend some time learning more about becoming a franchisee. If you have any questions along the way, feel free to give us a call.

About Keg Restaurants

The Keg Steakhouse & Bar is the undisputed Steakhouse leader in Canada, with an ever-growing presence in the United States. Founded in 1971, The Keg has a focus on high-quality steaks, and a casual yet contemporary dining experience. As part of our dynamic team, our franchisees have complete operational support, including extensive training, advertising/marketing, and central purchasing. You'll be able to focus on your day-to-day business knowing that there is a team of expert professionals on your side. We are actively looking for franchisees in many locations. Please note that a population base of approximately 100,000 people in Canada or 225,000 in the United States is required for us to consider a new location.