- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$148K - $561K
- Units as of 2016
-
66
Company Overview
About Steak Escape Sandwich Grill
| Industry | Food |
|---|---|
| Related Categories | Sandwiches |
| Founded | 1982 |
| Parent Company | Escape Enterprises, Inc. |
| Leadership | Kennard Smith, CEO |
| Corporate Address |
222 Neilston St. Columbus, OH 43215 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 1983 (41 years) |
|---|---|
| # of employees at HQ | 35 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 66 (as of 2016) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Steak Escape Sandwich Grill franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$35,000 |
|---|---|
|
Initial Investment
|
$148,250 - $561,000 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$250,000 |
|
Veteran Incentives
|
Franchise fee reduced (varies) |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
0.5% |
|
Term of Agreement
|
20 years |
| Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 1 week |
|---|---|
| Classroom Training | 3 weeks |
| Ongoing Support |
Newsletter
Toll-Free Line
Grand Opening
Online Support
Field Operations
|
| Marketing Support |
National Media
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 20-25 |
|
Are exclusive territories available?
|
Yes |
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