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Units as of 2020
N/A Yearly Data not available
2020 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$148K - $561K

Company Overview

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.

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About Steak Escape Sandwich Grill

Industry
Food
Related Categories
Sandwiches, Food,
Founded
1982
Parent Company
Escape Enterprises, Inc.
Leadership
Kennard Smith, CEO

Franchising Overview

Franchising Since
1983 (38 years)
# of employees at HQ
35
Where seeking
Franchisor is seeking new units internationally.

Franchisor Information

Social
Twitter Facebook
Corporate Address
222 Neilston St.
Columbus, OH 43215

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Steak Escape Sandwich Grill 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
$35,000 - $35,000
Initial Investment
$148,250 - $561,000
Net Worth Requirement
$500,000
Cash Requirement
$250,000
Royalty Fee
6%
Ad Royalty Fee
0.5%
Term of Agreement
20 years
Is franchise term renewable?
Yes

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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
1 week
Classroom Training
3 weeks
Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Online Support
Field Operations
Marketing Support
National Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
# of employees required to run
20
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

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

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Updated: October 23rd, 2020
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