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

About
Founded

1982

Franchising Since

1983 (36 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

There's a Skilled Trade Labor Shortage. Can We Fix It?

How franchises are working to boost their workforce.

How Dubai Based Startup Uncle Fluffy Bakery Became A Global Franchise

The Uncle Fluffy brand now has the distinction of being franchised out to multiple geographies within three years of its existence, which makes one wonder of its secret sauce.

Licensing vs. Franchising: Which Path Is Right for You?

Here are three factors to help you determine how best to expand your business through franchising or licensing.

Being Laid Off was the Best Thing that Happened for This Travel Franchisee

How Sue Palenik turned a passion into a million-dollar business.

Want to Open a Business? Here Are 5 Reasons to Consider Franchising.

There's more than one way to become your own boss.

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