The Steak Escape vs Cheba Hut Toasted Subs Franchise Comparison

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

Start-Up Costs and Fees
  The Steak Escape Cheba Hut Toasted Subs
Investment 190200 - 1300000 575900 - 939700
Franchise Fee 0
Royalty Fee 6% 6%
Advertising Fee 2%
Year Founded 1982 1998
Year Franchised 1983 2002
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  The Steak Escape Cheba Hut Toasted Subs
Experience General business experience For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process.

Financing Options
  The Steak Escape Cheba Hut Toasted Subs
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  The Steak Escape Cheba Hut Toasted Subs
Training On-The-Job Training: 84 hours Classroom Training: 84 hours
Support Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Ad Templates Social media SEO Website development
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) Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20

Expansion Plans
  The Steak Escape Cheba Hut Toasted Subs
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
The Steak Escape
Cheba Hut Toasted Subs
Franchise Fee
The Steak Escape
Cheba Hut Toasted Subs
Royalty Fee
The Steak Escape 6%
Cheba Hut Toasted Subs 6%
Advertising Fee
The Steak Escape
Cheba Hut Toasted Subs 2%
Year Founded
The Steak Escape 1982
Cheba Hut Toasted Subs 1998
Year Franchised
The Steak Escape 1983
Cheba Hut Toasted Subs 2002
Term Of Agreement
The Steak Escape 20 years
Cheba Hut Toasted Subs
Renewal Fee
The Steak Escape
Cheba Hut Toasted Subs


Business Experience Requirements
Experience
The Steak Escape General business experience
Cheba Hut Toasted Subs For candidates applying for a single unit agreement, you should have a credit score of 700+, liquid capital of $200,000 or more and a net worth of over $350,000. For candidates applying for multiple units, the requirements in terms of both professional backgrounds, skill sets are determined on a case-by-case basis. Candidates with strong credit are often suitable for SBA or traditional business loans that can cover up to 75% of the overall investment. Cheba Hut has relationships with lendors in the franchise space and will make the appropriate introductions during the Education Process.

Financing Options
 
Franchise Fees
The Steak Escape No
Cheba Hut Toasted Subs No
Start-up Costs
The Steak Escape
Cheba Hut Toasted Subs
Equipment
The Steak Escape}
Cheba Hut Toasted Subs
Inventory
The Steak Escape
Cheba Hut Toasted Subs
Receivables
The Steak Escape
Cheba Hut Toasted Subs
Payroll
The Steak Escape
Cheba Hut Toasted Subs

Training & Support
Training
The Steak Escape
Cheba Hut Toasted Subs On-The-Job Training: 84 hours Classroom Training: 84 hours
Support
The Steak Escape Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Cheba Hut Toasted Subs Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing
The Steak Escape
Cheba Hut Toasted Subs Ad Templates Social media SEO Website development
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)
Cheba Hut Toasted Subs Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20

Expansion Plans
US Expansion
The Steak Escape
Cheba Hut Toasted Subs Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
The Steak Escape
Cheba Hut Toasted Subs
International Expansion
The Steak Escape
Cheba Hut Toasted Subs