Start-Up Costs and Fees |
||
| The Steak Escape | My Friend's Place | |
| Investment | 190200 - 1300000 | 156650 - 260400 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 1% | |
| Year Founded | 1982 | 1980 |
| Year Franchised | 1983 | 1980 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Steak Escape | My Friend's Place | |
| Experience | General business experience | |
Financing Options |
||
| The Steak Escape | My Friend's Place | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Steak Escape | My Friend's Place | |
| Training | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days | |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost |
| 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) | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed |
Expansion Plans |
||
| The Steak Escape | My Friend's Place | |
| US Expansion | Alabama, Florida, Georgia, Indiana, South Carolina, Texas | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Steak Escape | |
| My Friend's Place | |
| Franchise Fee | |
| The Steak Escape | |
| My Friend's Place | |
| Royalty Fee | |
| The Steak Escape | 6% |
| My Friend's Place | 5% |
| Advertising Fee | |
| The Steak Escape | |
| My Friend's Place | 1% |
| Year Founded | |
| The Steak Escape | 1982 |
| My Friend's Place | 1980 |
| Year Franchised | |
| The Steak Escape | 1983 |
| My Friend's Place | 1980 |
| Term Of Agreement | |
| The Steak Escape | 20 years |
| My Friend's Place | |
| Renewal Fee | |
| The Steak Escape | |
| My Friend's Place | |
Business Experience Requirements |
|
| Experience | |
| The Steak Escape | General business experience |
| My Friend's Place | |
Financing Options |
|
| Franchise Fees | |
| The Steak Escape | No |
| My Friend's Place | No |
| Start-up Costs | |
| The Steak Escape | |
| My Friend's Place | |
| Equipment | |
| The Steak Escape} | |
| My Friend's Place | |
| Inventory | |
| The Steak Escape | |
| My Friend's Place | |
| Receivables | |
| The Steak Escape | |
| My Friend's Place | |
| Payroll | |
| The Steak Escape | |
| My Friend's Place | |
Training & Support |
|
| Training | |
| The Steak Escape | |
| My Friend's Place | 1. Headquarters 12 Business Days 2. Franchisee Site 12 Business Days |
| Support | |
| The Steak Escape | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| My Friend's Place | Field Operation Evaluation Field Training: At Additional Cost Initial Store Opening Inventory Control: At Additional Cost |
| Marketing | |
| The Steak Escape | |
| My Friend's Place | |
| Operations | |
| The Steak Escape | 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) |
| My Friend's Place | Average Number of Employees: 2 Full-time, 2 Part-time Passive Ownership: Not Allowed |
Expansion Plans |
|
| US Expansion | |
| The Steak Escape | |
| My Friend's Place | Alabama, Florida, Georgia, Indiana, South Carolina, Texas |
| Canada Expansion | |
| The Steak Escape | |
| My Friend's Place | |
| International Expansion | |
| The Steak Escape | |
| My Friend's Place | |