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Steak Escape
222 Neilston St.
Columbus, OH 43215
800#: (866) 247-8325
Tel: (614) 224-0300
Fax: (614) 224-6460
E-Mail: [email protected]
Web Site: www.steakescape.com
Contact: Mr. Shane Pratt, VP Franchise Development
STEAK ESCAPE prides itself on serving delicious grilled sandwiches, freshly cut fries and freshly squeezed lemonade. All of these items are created from fresh ingredients and are prepared in full view of customers using our own unique method of exhibition-style cooking. STEAK ESCAPE's signature item is The Genuine Philadelphia Cheesesteak Sandwich. Today we have opportunities available in free-standing locations, strip center locations and in mall locations!
Franchisor Background
Established: 1982
First Franchise: 1983
Franchise Units: 165
Company-Owned Units: 0
Total Units: 165
Distribution:
U.S. -- 164;
Canada -- 0;
International -- 1
-North America -- Operations in 35 States
-States/Provinces with Greatest Density: 18 un CA, 16 in CO, 14 in OH
Projected New Units Over Next 12 months: 40-45
Franchisee Qualifications: 4, 4, 3, 1, 3, 4
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 4 FT, 12 PT (FT = Full Time, PT = Part Time)
Space Needs: 300-2,400 SF; FS, SF, SC, RM
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $70-250K
Total Investment: $180-1.25MM
Average Total Investment: $715.0K
Minimum Net Worth: $100K
Fees:
-Franchise: $25K
-Average Franchise Fee: $25.0K
-Royalty: 6-5%
-Average Royalty: 6.0%
-Advertising: 0.5%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20/Varies
Passive Ownership: Allowed
Area Development Agreements: Yes
Sub-Franchising Contracts: Yes
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 28
On-Going Support: A,B,C,D,e,F,G,H,I (Click here for an explanation)
Training: 3 Weeks in Colombus, OH.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: Western Hemisphere
Note: NR = No Response by Franchisor.
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