Steak Escape Sandwich Grill
Grilled sandwiches, burgers, baked potatoes, salads, fries

About
Founded

1982

Franchising Since

1983 (37 Years)

Corporate Address

222 Neilston St.
Columbus, OH 43215

CEO

Kennard Smith

Parent Company

Escape Enterprises, Inc.

Financial Requirements
Initial Investment

$148,250 - $561,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$250,000

Ongoing Fees
Initial Franchise Fee

$35,000 - $35,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

0.5%

Financing Options
Veteran Incentives

Franchise fee reduced (varies)

Support Options
Ongoing Support

Newsletter

Toll-Free Line

Grand Opening

Online Support

Field Operations

Marketing Support

National Media

On-The-Job Training:

1 week

Classroom Training:

3 weeks

Absentee Ownership Allowed
Number of Employees Required to Run:

20 - 25

Bio
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.
Cost
Initial Investment: Low - $148,250 High - $561,000
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new units internationally.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

Australian Trampoline Park to Invest INR 150-200 Crore Across India

Witnessing a small venture become hugely successful and garnering good numbers in terms of revenue within 365 days of its operation is a rare scenario, and indoor trampoline park Bounce Inc is moving on those footsteps

5 Things Franchise Owners Should Know About the New Department of Labor Rule on 'Joint Employment'

The Trump administration's new rule will change what qualifies as joint employment.

The Top 20 Franchises of 2020 From the Entrepreneur Franchise 500

These 20 franchises start the new decade atop our Franchise 500 list.

Mark Wahlberg's Secret to Becoming More Disciplined

The actor and entrepreneur's greatest business asset is his own diligence.

Franchise 500: Our Definitive Ranking of 2020's Strongest Franchises

Get to know the year's top trends, toughest brands, and explore what might be your best opportunity.

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 10th, 2016

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.