The Great Steak & Potato Co.

At a Glance

Products & Services: Philly cheesesteaks, fries, baked potatoes

Number of Locations: 120

Total Investment: $146.2K - $554.8K

Founded: 1985

Began Franchising: 1986

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
2013 104 0 14 2
2012 122 0 12 1
2011 122 0 12 1
2010 133 0 7 1
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $146,150 - $554,750
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20-50% off franchise fee
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 - 15. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
Direct Capital
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,

Franchise Ranking History

Franchise 500®: #430 (2013), #477 (2012), #467 (2011), #399 (2010),

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