Great Steak & Potato Co., The

Great Steak & Potato Co., The

Great Steak & Potato Co., The
Not Ranked

Initial Investment

LOW: $146,600
HIGH: $439,050

Change in Units

-23.8% -20 UNITS (1 Year)
-42.9% -36 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1985

Franchising Since

1986 (30 Years)

Corporate Address

9311 E. Via De Ventura Scottsdale, AZ 85258

CEO

Michael Serruya

Parent Company

Kahala Franchising LLC

About Great Steak & Potato Co., The

Nicola J. Lanni opened the first Great Steak & Potato Co. store in Dayton, Ohio, in 1982. The stores' menus include Philadelphia Cheesesteak sandwiches, fresh-cut French fries, chicken and baked Idaho potatoes. The signature cheesesteak sandwich is prepared with grilled USDA choice sirloin steak and onions, melted Provolone cheese, mayonnaise, lettuce and tomato on a warm bun. Every item is grilled and prepared to order in front of the customer.

Great Steak & Potato is owned by Kahala, franchisor of Blimpie, Cereality, Cold Stone Creamery, Frullati Café & Bakery, Johnnie’s, Nrgize, Ranch 1, Rollerz, Samurai Sam’s, Surf City Squeeze and TacoTime.

Financials

Financial Requirements

Initial Investment

$146,600 - $439,050

Net-worth Requirement

$250,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

6%+

Ad Royalty Fee

to 4%

Financing Options

Great Steak & Potato Co., The has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment

Veteran Incentives


20% off franchise fee

Franchise 500® Rank History

Highest Rank: 255

Lowest Rank: 477

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 2 weeks

Training at headquarters: 2 weeks

Additional Training: At existing locations

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 10 - 15

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: December 7th, 2015

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