The bottom line.
Over
the years, we have learned there are five questions at the top of every
prospective owner's list. Many of them have to do with the financial
commitment and experience needed to open a Steak Escape®. You will
find brief answers to these top five questions below. If you have any
further questions, click on Request for Information, complete the
form, and submit it to us. We'll get back to you just as soon as possible.
What are the estimated costs involved in opening a Steak Escape?
The following represents typical costs related to starting a food court Steak Escape franchise in an enclosed mall.
Initial Franchise Fee |
$25,000 |
Legal Costs |
$3,000 |
Architectural Costs |
$10,000 |
Construction Costs |
$150,000 |
Equipment Costs |
$80,000 |
Fixtures |
$0 |
Signs/Graphics |
$6,000 |
Cash Registers |
$7,500 |
Smallwares |
$3,000 |
Training Expenses |
$2,000 |
Store Opening Costs |
$5,000 |
TOTAL* |
$291,500 |
*Based on experience of franchisees who own and operate stores.
What type of experience do I need to run a successful Steak Escape restaurant?
Any prior experience in business management is helpful. Most important characteristics for successfully managing a Steak Escape® restaurant are organizational skills, people skills, a dedication to hard work, contagious enthusiasm, and a strict adherence to the standards and specifications of the Steak Escape® System.
How much is the monthly royalty?
The royalty fee, paid monthly, is six percent (6%) of gross sales.
Is there a monthly advertising and marketing fee?
Escape Enterprises currently collects one-half percent (1/2%) of gross sales for marketing production costs, payable monthly.
Does Escape Enterprises offer financial assistance?
At this time, Escape Enterprises, Inc. does not offer financial assistance. We will, however, supply you with what information we can to assist in your preparation of a business plan for presentation to a financial institution(s). We also can introduce you to leasing or financing representatives that we have developed relationships with since 1982.