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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$148K - $561K
Units as of 2016
66 0.0% over 3 years

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.

About Steak Escape Sandwich Grill

Industry
Food
Related Categories
Sandwiches
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

This company is seeking new franchisees worldwide.

This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming

# of Units
66 (as of 2016)

Franchisor Information

Social
Facebook, Twitter
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
Initial Investment
$148,250 - $561,000
Net Worth Requirement
$500,000
Cash Requirement
$250,000
Veteran Incentives
Franchise fee reduced (varies)
Royalty Fee
6%
Ad Royalty Fee
0.5%
Term of Agreement
20 years
Is franchise term renewable?
Yes

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
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
20
Are exclusive territories available?
Yes

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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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021