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Franchise 500 2023
2023 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$148K - $561K
Units as of 2016
66 0.0% over 3 years

Company Overview

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.

About Steak Escape Sandwich Grill

Industry
Food
Related Categories
Sandwiches
Founded
1982
Parent Company
Escape Enterprises, Inc.
Leadership
Kennard Smith, CEO
Corporate Address
222 Neilston St.
Columbus, OH 43215
Social
Facebook, Twitter

Business Overview

Franchising Since
1983 (2023-1983 years)
# of employees at HQ
35
Where seeking

This company is offering new franchisees throughout the US.

# of Units
66 (as of 2016)

Information for Franchisees

Here's what you need to know if you're interested in opening a Steak Escape Sandwich Grill franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$35,000
Initial Investment Information Circle
$148,250 - $561,000
Net Worth Requirement Information Circle
$500,000
Cash Requirement Information Circle
$250,000
Veteran Incentives Information Circle
Franchise fee reduced (varies)
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
0.5%
Term of Agreement Information Circle
20 years
Is franchise term renewable?
Yes
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Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
1 week
Classroom Training
3 weeks
Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Online Support
Field Operations
Marketing Support
National Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run
20-25
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Steak Escape Sandwich Grill landed on this year's Franchise 500 Ranking versus previous years.

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022