The Great Steak & Potato Co.

#477

At a Glance

Products & Services: Philly cheesesteak sandwiches, fries, baked potatoes

Number of Locations: 141

Total Investment: $160.9K - 511.8K

Founded: 1985

Began Franchising: 1986

Private Owned

About The Great Steak & Potato Co.

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.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	133	0	7	1
2010	133	0	7	1
2009	190	2	6	1
2008	190	2	6	1

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

Startup Costs, Ongoing Fees and Financing

Total Investment: $160,900 - $511,800
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Liquid Cash Available: $30,000

Operations

35% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 2 weeks. At existing locations : As needed.

Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,

Marketing Support: Ad slicks, National media, Regional advertising,