Steak Escape Sandwich Grill

The Steak Escape Sandwich Grill franchise is a restaurant concept that specializes in cheesesteaks and more. The brand was founded in 1982 by two self-proclaimed cheesesteak addicts, Ken Smith and Mark Turner, who ventured out to open their own business. Although their friends and family weren't initially supportive, the duo took their business - which was the size of a closet - and became one of the leading businesses in their area. Since franchising a year after its founding, Steak Escape Sandwich Grill has expanded to dozens of locations across the country. Franchisees benefit from a proven model and should be passionate about customer service. 

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Steak Escape Sandwich Grill

Steak Escape Sandwich Grill Franchise Cost and Requirements for 2024

Background

There is something for everyone in food franchising. A cheese steak franchise to consider is Steak Escape Sandwich Grill. The brand was established by Ken Smith and Mark Turner in 1982 in Columbus, Ohio, to the consternation of family and friends. Despite the doubts and small space for their restaurant (209 sq. ft.), the duo worked hard and became one of the best selling businesses in their market. The brand is on a simple mission: to brighten the day of everyone who comes through the doors of the restaurant. In addition to cheese steak, the franchise's menu also includes healthy bowls, loaded fries, subs, chicken and more. The ideal franchisee is passionate about customer service and cares about the community. Since franchising a year after its founding, Steak Escape Sandwich Grill has expanded to dozens of locations across the country. Franchisees benefit from a proven model and should be passionate about customer service.   
As a franchisee, you can except a three-week long initial training program. You will spend one week in the brand's corporate offices learning operations, purchasing, procedures, marketing and more. The other two weeks will be spent in a corporate Steak Escape Sandwich Grill location in Columbus, Ohio, for real-time experience in all aspects of day-to-day operations. In terms of the initial investment, it ranges between $239,500 - $816,500, which includes an initial franchise fee of $25,000 for the first store. Royalty fees 6% of gross sales, plus 0.5% for marketing mall locations. Qualified candidates should have a net worth of at least $400,000 and a minimum of $200,000 in cash and other liquid assets.  

Company Details

Headquarters: Columbus, OH 43215
Canada: No
International: No
Absentee: No
B2B: No
Mobile/home-based: No
Founded: 1982
First franchise: 1983
Exclusive territory: Yes

Support and Training Offered By Steak Escape Sandwich Grill

As a franchisee, you can except a three-week long initial training program. You will spend one week in the brand's corporate offices learning operations, purchasing, procedures, marketing and more. The other two weeks will be spent in a corporate Steak Escape Sandwich Grill location in Columbus, Ohio, for real-time experience in all aspects of day-to-day operations.

2024 Franchise Requirements Needed to Own a Steak Escape Sandwich Grill Franchise.

What does a Steak Escape Sandwich Grill Franchise Cost?

Steak Escape Sandwich Grill franchise fees for 2024:

Initial investment: $239,500 - $816,500
Initial franchise fee: $25,000 for first store
Liquid assets: $200,000 
Net worth: $400,000
Royalty fee: 6% of gross sales, plus 0.5% for marketing mall locations
Veteran Incentives: Franchise fee reduced (varies)

Is Steak Escape Sandwich Grill a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Steak Escape Sandwich Grill is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Steak Escape Sandwich Grill a Home Based franchise?

No. Steak Escape Sandwich Grill is not a home based franchise opportunity.

What Do Steak Escape Sandwich Grill Franchise Owners Make?

Click here to find out how much Steak Escape Sandwich Grill franchisees make. Steak Escape Sandwich Grill offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Does Steak Escape Sandwich Grill Offer a Veteran Discount?

Yes. Steak Escape Sandwich Grill franchise does offer a veteran discount.

Is Steak Escape Sandwich Grill Looking for Franchisees in Canada?

No. Steak Escape Sandwich Grill franchise is not looking for Canada franchisees.

Is Steak Escape Sandwich Grill Looking for International franchisees?

No. Steak Escape Sandwich Grill franchise is not looking for International franchisees.

Where can I see Steak Escape Sandwich Grill's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Food & Restaurants

Number of Units Open

50-100 UNITS

Cash Required

$100,000 - $250,000

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

Steak Escape Sandwich Grill Franchises for Sale

Click Here to inquire about existing Steak Escape Sandwich Grill franchises for sale. We may have Steak Escape Sandwich Grill franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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