Not Ranked

Initial Investment

LOW: $218,250
HIGH: $620,000

Change in Units

-6.8% -4 UNITS (1 Year)
-11.9% -7 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1982

Franchising Since

1983 (33 Years)

Corporate Address

222 Neilston St. Columbus, OH 43215

CEO

Kennard Smith

Parent Company

Escape Enterprises, Inc.

About Steak Escape Sandwich Grill

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.

Financials

Financial Requirements

Initial Investment

$218,250 - $620,000

Net-worth Requirement

$250,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$35,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

0.5%

Financing Options

Veteran Incentives


Franchise fee reduced (varies)

Franchise 500® Rank History

Highest Rank: 384

Lowest Rank: 490

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
Franchisor is seeking new units in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 1 week

Training at headquarters: 3 weeks

Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 20 - 25

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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: June 30th, 2015

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