The Steak Escape vs Mr. Hero Franchise Comparison

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

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


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

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

Training & Support
  The Steak Escape Mr. Hero
Training
Support Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Co-op advertising, Ad slicks, National media, Regional advertising
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) 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)

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

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


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

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

Training & Support
Training
The Steak Escape
Mr. Hero
Support
The Steak Escape Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Mr. Hero Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing
The Steak Escape
Mr. Hero Co-op advertising, Ad slicks, National media, Regional advertising
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)
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)

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