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

About
Founded

1982

Franchising Since

1983 (35 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

5 Steps of the New Model of Revenue Recognition for Franchisors

The new rules around revenue recognition are lengthy and complex. Here's what you need to know.

Here's How You Can Avoid Being a Victim of Franchise Fraud

It is important for prospective franchisees to take adequate steps to protect themselves to avoid being a victim of a fraud

The Top 5 Business Service Franchises From the Franchise 500

Open a franchise and help others with their businesses, too.

These Roommates Changed Their Lives for a Sandwich -- and Built a Franchise Empire

Ashley Morris and Jason Smylie have known each other since they were eight years old. Here's how they maintain a healthy work relationship today.

Want to Buy a Franchise? Here's Your Step By Step Guide

Franchising is one of the safest ways of becoming a business owner

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
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.