Steak Escape Sandwich Grill

At a Glance

Products & Services: Grilled sandwiches, baked potatoes, salads, fries

Number of Locations: 65

Total Investment: $294.2K - $582.2K

Founded: 1982

Began Franchising: 1983

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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 54 0 7 4
2013 54 0 8 4
2012 60 0 3 5
2011 65 0 5 5
2010 73 0 2 5
Where Seeking Franchisees: Franchisor is seeking new units internationally.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $294,200 - $582,200
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 20 years, renewable
Veteran Incentives: Franchise fee reduced (varies)
Financial Requirements
Net Worth: $400,000
Liquid Cash Available: $150,000
Operations
90% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 20 - 25. Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 weeks. At franchisee's location: 1 week.
Ongoing Support: Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing Support: National media,

Franchise Ranking History

Franchise 500®: #489 (2012), #436 (2010),

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