The 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.

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

Start-up Costs & Franchise Fees

How much does it cost to open a The Steak Escape franchise?

Total Investment: $190,200-$1,300,000
Initial Franchise Fee: $25,000
Royalty Fee: 6%
Advertising Fee:
Term of Agreement: 20 years

How to contact The Steak Escape

The Steak Escape
222 Neilston St.
Columbus, OH
43215

Phone: (614)224-0300
Fax: (614)224-6460

Website: Visit Website

Franchise History

When did the first The Steak Escape open? 1982
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

Expansion Plans

International:

Financing Options

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

Training & Support

Support
Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations

Business Operations

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)

Qualifications & Business Experience

Business Experience:

General business experience

Listing Tags

steak escape, cheesesteak

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