Mr. Hero vs The Steak Escape Franchise Comparison

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

Start-Up Costs and Fees
  Mr. Hero The Steak Escape
Investment 113000 - 305000 190200 - 1300000
Franchise Fee 0 0
Royalty Fee 5.50% 6%
Advertising Fee
Year Founded 1965 1982
Year Franchised 1970 1983
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Mr. Hero The Steak Escape
Experience Industry experience General business experience Marketing skills General business experience

Financing Options
  Mr. Hero The Steak Escape
 
Franchise Fees No No
Start-up Costs No No
Equipment No No
Inventory No No
Receivables No No
Payroll No No

Training & Support
  Mr. Hero The Steak Escape
Training
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing Co-op advertising, Ad slicks, National media, Regional advertising
Operations International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) 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
  Mr. Hero The Steak Escape
US Expansion
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Mr. Hero
The Steak Escape
Franchise Fee
Mr. Hero
The Steak Escape
Royalty Fee
Mr. Hero 5.50%
The Steak Escape 6%
Advertising Fee
Mr. Hero
The Steak Escape
Year Founded
Mr. Hero 1965
The Steak Escape 1982
Year Franchised
Mr. Hero 1970
The Steak Escape 1983
Term Of Agreement
Mr. Hero 10 years
The Steak Escape 20 years
Renewal Fee
Mr. Hero
The Steak Escape


Business Experience Requirements
Experience
Mr. Hero Industry experience General business experience Marketing skills
The Steak Escape General business experience

Financing Options
 
Franchise Fees
Mr. Hero No
The Steak Escape No
Start-up Costs
Mr. Hero
The Steak Escape
Equipment
Mr. Hero}
The Steak Escape
Inventory
Mr. Hero
The Steak Escape
Receivables
Mr. Hero
The Steak Escape
Payroll
Mr. Hero
The Steak Escape

Training & Support
Training
Mr. Hero
The Steak Escape
Support
Mr. Hero Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
The Steak Escape Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing
Mr. Hero Co-op advertising, Ad slicks, National media, Regional advertising
The Steak Escape
Operations
Mr. Hero International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators)
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)

Expansion Plans
US Expansion
Mr. Hero
The Steak Escape
Canada Expansion
Mr. Hero
The Steak Escape
International Expansion
Mr. Hero
The Steak Escape