Great Steak Franchise

Fast-food chain specializing in cheesesteaks, chicken and potatoes

The Great Steak has manufactured a notoriety for offering the chief cheesesteak encounter. The rich history of the American Philly cheesesteak has propelled the Great Steak brand to respect the cheesesteak's initial beginnings by serving quality, moderate dinners that taste incredible. In the meantime, Great Steak keeps on improving in the cheesesteak classification by offering visitors an assortment of menu alternatives that incorporate claim to fame sandwiches, heated potatoes and celebrated fries. While concentrating on assortment, quality, freshness and stellar client benefit, the Great Steak group additionally perceives the significance of giving excellent support to the establishment group. Support is given through every day operational direction, menu development, advertising apparatuses, lively advancements and store stylistic theme redesigns.

The Great Steak brand is a present, pertinent idea that keeps on remaining consistent with the organization's center qualities, "meat and potatoes." It's this significance and the dedication to serving all-American solace nourishment that makes the Great Steak mark an engaging idea in urban communities the nation over. Kahala, the franchisor of Great Steak, has contrived an unmistakable arrangement and technique to opening and working your eatery. From work out, outline and development to fantastic opening celebrations and promoting strategies, Great Steak is overseen by a group of prepared, talented experts who will tutor and guide you along the way of owning your own particular Great Steak eatery.

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Please Note: The operators of Great Steak, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Great Steak website.

How much does it cost to open a Great Steak Franchise?

The investment required to open a Great Steak Franchise is between $155,900-$520,300. There is an initial franchise fee of $30,000 which grants you the license to run a business under the Great Steak name.

Individual Unit Costs

Initial Investment:
$155,900-$520,300
Initial Franchise Fee:
$30,000
Royalty Fee:
6%
Advertising Fee:
N/A
Term of Agreement:
10 years
Renewal Fee:
$5K

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News and Press Releases

Great Steak & Potato Company Launches New Sweet Potato Fries
Not enough time to decorate? Need to go caroling? Too busy to spend time cooking? During the holiday season, time can be a precious commodity. The Great Steak & Potato Company has found a way for timecrunched shoppers to have their favorite food of the season "on-the-go" while running errands. Begin...

Acquisition Of Great Steak & Potato Restaurant Chain
Kahala Corp. (KAHA.PK) (the "Company") - today announced it has closed its acquisition of Nicar Holding Co., which includes the franchiser of the quick service Great Steak & Potato restaurant chain, for an undisclosed amount. The Great Steak & Potato concept, which specializes in genuine Philadelphi...

Great Steak News & Press Releases

Great Steak Franchise Growth History

When did the first Great Steak open? 1983
When did Great Steak start Franchising? 1986

Year	U.S.A.	Canada	International	Corporate
2005	233	3	0	1
2004	260	10	5	10
2003	224	10	5	10
2002	216	9	5	11
2001	188	11	5	16

Great Steak Franchise Expansion Plans

International: Africa, Asia, Australia/New Zealand, Central America, Eastern Europe, Japan, Middle East, Mexico, Philippines, South America, Western Europe,

Financing Options

Expense	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Third Party Financing Source(s): the SBA, various leasing companies & lending institutions

Training & Support

Training
K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more.

Support
Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

Marketing
Ad slicks, National media, Regional advertising

Business Operations

International franchisees required to buy multiple units/master licenses; 35% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 10

Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

Qualifications & Business Experiences

Business Experience:

Industry experience

General business experience

How much does a Great Steak Franchise owner make?

Your income potential as a Great Steak Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.

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Legal Disclaimer: This information is not a franchise offering for Great Steak 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 Great Steak franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.