The Great Steak & Potato Co.

The Great Steak & Potato Co.

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Promoted Opportunities

The Great Steak & Potato Co.

Initial Investment

LOW: $129,200
HIGH: $511,050

Change in Units

-9.5% -8 UNITS (1 Year)
-36.7% -44 UNITS (3 Years)

Company Profile

Founded

1985

Franchising Since

1986 (31 Years)

Corporate Address

9311 E. Via De Ventura Scottsdale, AZ 85258

CEO

Stanley Ma

Parent Company

Kahala Franchising LLC

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.

Financials

Financial Requirements

Initial Investment

$129,200 - $511,050

Net-worth Requirement

$250,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$9,500 - $30,000

Ongoing Royalty Fee

6%+

Ad Royalty Fee

to 4%

Financing Options

The Great Steak & Potato Co. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment

Veteran Incentives


20% off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 5 days

Additional Training: At existing locations

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

Marketing Support
Co-op Advertising
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 10 - 15

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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: October 13th, 2016

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