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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$133K - $513K
Units as of 2020
50 25.4% over 3 years

Company Overview

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.

About Great Steak

Industry
Food
Founded
1985
Parent Company
Kahala Franchising LLC
Leadership
Eric Lefebvre, CEO
Ticker Symbol
KAHL

Franchising Overview

Franchising Since
1986 (35 years)
# of employees at HQ
227
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
50 (as of 2020)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
9311 E. Via De Ventura
Scottsdale, AZ 85258

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Great Steak 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
$7,500 - $30,000
Initial Investment
$132,500 - $513,300
Net Worth Requirement
$250,000
Cash Requirement
$129,000
Veteran Incentives
20% off franchise fee
Royalty Fee
6%+
Ad Royalty Fee
to 4%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Great Steak has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

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
40 hours
Classroom Training
40 hours
Additional Training
At existing locations
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
10-15
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Great Steak landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021