Start-Up Costs and Fees |
||
| The Steak Escape | Newk's | |
| Investment | 190200 - 1300000 | 971100 - 1207350 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 1.50% | |
| Year Founded | 1982 | 2004 |
| Year Franchised | 1983 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Steak Escape | Newk's | |
| Experience | General business experience | Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets). |
Financing Options |
||
| The Steak Escape | Newk's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Steak Escape | Newk's | |
| Training | On-The-Job Training: 276 hours Classroom Training: 74 hours | |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app | |
| 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) | Number of Employees Required to Run: 50 |
Expansion Plans |
||
| The Steak Escape | Newk's | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Steak Escape | |
| Newk's | |
| Franchise Fee | |
| The Steak Escape | |
| Newk's | |
| Royalty Fee | |
| The Steak Escape | 6% |
| Newk's | 5% |
| Advertising Fee | |
| The Steak Escape | |
| Newk's | 1.50% |
| Year Founded | |
| The Steak Escape | 1982 |
| Newk's | 2004 |
| Year Franchised | |
| The Steak Escape | 1983 |
| Newk's | 2004 |
| Term Of Agreement | |
| The Steak Escape | 20 years |
| Newk's | |
| Renewal Fee | |
| The Steak Escape | |
| Newk's | none |
Business Experience Requirements |
|
| Experience | |
| The Steak Escape | General business experience |
| Newk's | Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets). |
Financing Options |
|
| Franchise Fees | |
| The Steak Escape | No |
| Newk's | No |
| Start-up Costs | |
| The Steak Escape | |
| Newk's | |
| Equipment | |
| The Steak Escape} | |
| Newk's | |
| Inventory | |
| The Steak Escape | |
| Newk's | |
| Receivables | |
| The Steak Escape | |
| Newk's | |
| Payroll | |
| The Steak Escape | |
| Newk's | |
Training & Support |
|
| Training | |
| The Steak Escape | |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | |
| The Steak Escape | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Newk's | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| The Steak Escape | |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| 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) |
| Newk's | Number of Employees Required to Run: 50 |
Expansion Plans |
|
| US Expansion | |
| The Steak Escape | |
| Newk's | |
| Canada Expansion | |
| The Steak Escape | |
| Newk's | |
| International Expansion | |
| The Steak Escape | |
| Newk's | |