The Steak Escape

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 & Franchises Fees

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

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

Franchise History

When did the first The Steak Escape open? 1982
When did The Steak Escape start Franching? 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

Related Franchise Categories

• BBQ, Steaks & Ribs Franchise Opportunities
• Soup, Salad and Sandwich Franchise Opportunities
• Franchises $100K to $250K

Listing Tags

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