The Steak Escape Franchise

Quick-service, made-to-order grilled sandwiches

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The Steak Escape was established in Columbus, Ohio, in 1982 by Ken Smith and Mark Turner. One year later, Escape Enterprise Ltd. was formed, and Steak Escape started franchising mall sites, as well as locations in college campuses, airports and sports arenas. The privately held company specializes in genuine Philadelphia cheesesteaks and operates in more than 30 states as well as overseas.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of The Steak Escape, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official The Steak Escape website.

How much does it cost to open a The Steak Escape Franchise ?

The investment required to open a The Steak Escape Franchise is between $190,200 - $1,300,000 . There is an initial franchise fee of $25,000 which grants you the license to run a business under the The Steak Escape name.

Individual Franchise Costs

  • Initial Investment:
    $190,200 -
  • Initial Franchise Fee:
    $25,000
  • Royalty Fee:
    6%
  • Term of Agreement:
    20 years

Expense In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Support
Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations

The Steak Escape Growth History

When did the first The Steak Escape open? 1982
When did The Steak Escape start Franchising ? 1983

Year U.S.A. Canada International Corporate
2005 151 3 1 9
2004 164 0 0 4
2003 162 0 0 4
2002 172 0 1 0
2001 166 0 1 0

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)

General business experience


How much does a The Steak Escape Franchise owner make?

To calculate how much income a franchise owner can do at The Steak Escape Franchise , may vary on factors like location, size etc. On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise ver_a. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial oper_ating costs like signage, furniture, decoration and renovations.

Initial Investment
$25,000 - $1,300,000
Initial Franchise Fee
$25,000
Royalty Fee
6%
Term of Agreement
20 years
The Steak Escape Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for The Steak Escape and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a The Steak Escape franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.