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Great Steak

Great Steak has been serving delicious cheesesteaks, fries, […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 1985
Category Locations: N/A
Available Ownership Type: N/A
Corporate HQ City:
Corporate HQ State:
Investment Range: $132,500
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Royalty Percentage: 6%+%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

Become a Great Steak Franchise Owner

Great Steak has been serving delicious cheesesteaks, fries, and baked potatoes since 1985. They're known for their fresh-baked bread, real cheese, and high-quality meats, all made consistently at every location. Great Steak has restaurants in the United States and around the world.

Who is the Ideal Great Steak Franchisee?

You don't need to have experience running a restaurant to be a successful Great Steak franchise owner. We're looking for individuals who are passionate about business, have strong management skills, and are ready to learn and apply our proven business model.

Why Choose a Great Steak Franchise?

As a Great Steak franchise owner, you'll be in charge of your restaurant's day-to-day operations and responsible for its success. You can even choose to run your franchise as an absentee owner, giving you more flexibility.

Here's what makes Great Steak stand out:

  • Authentic and Fresh: We use real, fresh ingredients every day, ensuring our customers enjoy the best possible taste.
  • Quality Guarantee: You can always count on Great Steak to deliver high-quality food and a great experience.
  • Affordable Prices: We offer delicious food at prices that everyone can enjoy.

Is a Great Steak Franchise Right for You?

Before taking the leap, it's important to understand the financial commitment involved in owning a franchise. You'll need to cover an initial investment, including the franchise fee and startup costs. You'll also have ongoing expenses like advertising, royalties, and potential renewal fees. To qualify, you'll also need to meet certain net worth and liquid capital requirements.

We offer two franchise models:

  • Mall Food Court Counter: This option is ideal for high-traffic locations within shopping malls.
  • In-line Restaurant: This model allows you to establish a stand-alone restaurant in a busy area.

Each model has a different investment price, so it's essential to carefully consider your budget when choosing the right option for you.

Training and Support

We're committed to helping our franchisees succeed. That's why we provide comprehensive training and ongoing support. During training, we cover key topics like:

  • Hiring the right team
  • Managing inventory
  • Marketing and advertising
  • Purchasing equipment

We'll also be there to help you every step of the way, from site selection and lease negotiations to construction and your grand opening.

How to Get Started

Before making any commitments, we encourage you to do your research and make sure a Great Steak franchise is the right fit for you. This includes talking to existing franchise owners and asking our franchising team any questions you may have.

If we believe you'd be a good fit for the Great Steak brand, we'll invite you to training at our headquarters in Scottsdale, Arizona. You'll spend time in the classroom and at one of our restaurants, learning the art of making our famous cheesesteaks.

It's always a good idea to consult with a financial advisor and attorney to discuss the financial aspects of owning a franchise. They can help you determine if you have the resources needed to own and operate a Great Steak location.

With our support and your hard work, you could soon be the proud owner of your own Great Steak franchise!

Support & Training offered by Great Steak

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Additional Information

Category Location N/A
Number of Units Open 50 (as of 2020)
Investment Range $132,500 - $513,300
Master Franchise N/A
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
The Franchise Yellow Pages (FYP) is an internationally recognized franchise information site. FYP supports business owners through the process of identifying and investing in franchise businesses. FYP showcases thousands of franchise brands for educational purposes. We do not represent all franchises listed here. By clicking on “Request Free Information” and “Request a Consultation,” you are agreeing to be contacted by a Franchise Consultant to discuss franchise ownership.
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