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Updated RecentlyThe Steak Escape Franchise
Quick-service, made-to-order grilled sandwiches
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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How much does it cost to open a The Steak Escape Franchise?
The investment required to open a The Steak Escape Franchise is between $190,200-$1,300,000. There is an initial franchise fee of $25,000 which grants you the license to run a business under the The Steak Escape name.
Individual Unit Costs
- Initial Investment:
$190,200-$1,300,000 - Initial Franchise Fee:
$25,000 - Royalty Fee:
6% - Advertising Fee:
- Term of Agreement:
20 years
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When did The Steak Escape start Franchising? 1983
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2005 | 151 | 3 | 1 | 9 |
| 2004 | 164 | 0 | 0 | 4 |
| 2003 | 162 | 0 | 0 | 4 |
| 2002 | 172 | 0 | 1 | 0 |
| 2001 | 166 | 0 | 1 | 0 |
International:
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Support
Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
International franchisees required to buy multiple units/master licenses
Number of employees needed to run franchised unit: 20 - 25
Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators)
Business Experience:
To calculate how much income a franchise owner can do at The Steak Escape Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for The Steak Escape and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a The Steak Escape franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
The Steak Escape
The Steak Escape
222 Neilston St.
Columbus,
OH
43215