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General

Industry

Food and Beverage

Category

Fast Casual Restaurant

Works with Franchise Brokers

No

Year of Founding

1996

Fees

Marketing Fee

0.5%

Royalty Fee

6%

Franchise Fee

$25,000-$25,000

Investment Range

$240K-$817K

Location units

Total U.S. Locations

31

U.S. Franchised Units

28

U.S. Corporate Units

3

Headquarters (City)

Columbus

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2012

Issuance of FDD Data

03/31/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$240K-$817K

Franchise Fee

$25,000-$25,000

What to know about STEAK ESCAPE SANDWICH GRILL franchise?

Steak Escape Sandwich Grill is a franchise retail food outlet that specializes in steak sandwiches. The franchise was founded in Columbus, Ohio in 1982. The menu features a variety of steak sandwich options, as well as salads, wraps, and sides. franchisees also have the option to add breakfast items to their menu. Steak Escape is known for its signature flame-grilled steak sandwiches, which are made with 100% Angus beef. The franchise offers a variety of franchise opportunities, including traditional franchise, non-traditional franchise, and multi-unit franchise, also have the option to add breakfast items to their menu.

STEAK ESCAPE SANDWICH GRILL is based in Columbus, OH. Scroll down to learn more!

How much does a STEAK ESCAPE SANDWICH GRILL franchise cost?

Are you wondering how much is a STEAK ESCAPE SANDWICH GRILL franchise? Before starting a STEAK ESCAPE SANDWICH GRILL franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a STEAK ESCAPE SANDWICH GRILL franchise is $239,500 and can go all the way up to $816,500. Keep in mind, you should also allocate additional funds to live off of while the STEAK ESCAPE SANDWICH GRILL business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 STEAK ESCAPE SANDWICH GRILL franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a STEAK ESCAPE SANDWICH GRILL business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your STEAK ESCAPE SANDWICH GRILL franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare STEAK ESCAPE SANDWICH GRILL. Hotels to the Fast Casual Restaurant, Outdoor Food and Beverage industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 54 0 0 47
2017 39 1 4 36
2018 36 1 4 33
2019 33 2 2 33
2020 33 0 2 31
2021 31 0 3 28

Additional Details

How much does a STEAK ESCAPE SANDWICH GRILL franchise owner make?

STEAK ESCAPE SANDWICH GRILL franchise earnings and revenue can vary significantly from one franchisee to another.
The STEAK ESCAPE SANDWICH GRILL franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

STEAK ESCAPE SANDWICH GRILL unfortunately does not disclose financials on how much STEAK ESCAPE SANDWICH GRILL franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, STEAK ESCAPE SANDWICH GRILL does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with STEAK ESCAPE SANDWICH GRILL franchisees. Do note that STEAK ESCAPE SANDWICH GRILL is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 STEAK ESCAPE SANDWICH GRILL franchisees to understand how much money they are making from their STEAK ESCAPE SANDWICH GRILL business.

You should also speak to former STEAK ESCAPE SANDWICH GRILL franchisees to understand why they left the system. Did they sell their STEAK ESCAPE SANDWICH GRILL at a profit? Were they forced to close their STEAK ESCAPE SANDWICH GRILL franchise down because it kept losing money?

What is the STEAK ESCAPE SANDWICH GRILL franchise fee?

Owning a STEAK ESCAPE SANDWICH GRILL franchise requires 6% royalty fee and 0.5% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the STEAK ESCAPE SANDWICH GRILL Franchise Disclosure Document

Keep in mind, there is also an initial STEAK ESCAPE SANDWICH GRILL franchise fee of $25,000 that is included in the initial investment amount of $239,500 to $816,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the STEAK ESCAPE SANDWICH GRILL franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the STEAK ESCAPE SANDWICH GRILL franchise fee of $25,000.

Visit the STEAK ESCAPE SANDWICH GRILL metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was STEAK ESCAPE SANDWICH GRILL founded?

STEAK ESCAPE SANDWICH GRILL started offering franchises in 2012. STEAK ESCAPE SANDWICH GRILL was founded 26 years ago in 1996.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many STEAK ESCAPE SANDWICH GRILL locations are in the U.S.?

As of 2022, there were 28 locations across the U.S. There are also corporate locations. Most Food and Beverage franchises like STEAK ESCAPE SANDWICH GRILL have more franchised locations than corporate locations.

How many STEAK ESCAPE SANDWICH GRILL franchises opened over the past few years?

Over the prior 3 years we have data for, STEAK ESCAPE SANDWICH GRILL has opened 2 outlets throughout the U.S. Visit the STEAK ESCAPE SANDWICH GRILL metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many STEAK ESCAPE SANDWICH GRILL franchises closed over the past few years?

Over the prior 3 years we have data for, STEAK ESCAPE SANDWICH GRILL has closed 7 outlets throughout the U.S

Visit the STEAK ESCAPE SANDWICH GRILL metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is STEAK ESCAPE SANDWICH GRILL growing? Are they opening more locations than they are closing?

The net unit growth rate for STEAK ESCAPE SANDWICH GRILL over the past 3 years is -15%. Over the last year we have data for, STEAK ESCAPE SANDWICH GRILL had a net unit growth rate of -10%.

Without a comparison, this number doesn’t mean much. Compare how the STEAK ESCAPE SANDWICH GRILL growth rate compares to 2,000+ other franchises and Industry franchises like STEAK ESCAPE SANDWICH GRILL. More info in the STEAK ESCAPE SANDWICH GRILL metrics tab.

Is STEAK ESCAPE SANDWICH GRILL franchise eligible for an SBA Loan?

STEAK ESCAPE SANDWICH GRILL is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

STEAK ESCAPE SANDWICH GRILL franchise was assigned the SBA Franchise ID of S1621 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like STEAK ESCAPE SANDWICH GRILL that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is STEAK ESCAPE SANDWICH GRILL a franchise in the United States?

According to the SBA, STEAK ESCAPE SANDWICH GRILL meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that STEAK ESCAPE SANDWICH GRILL provides you with an FDD if you are in discussion to buy a STEAK ESCAPE SANDWICH GRILL.

What is the STEAK ESCAPE SANDWICH GRILL Franchise for Sale Rate?

The STEAK ESCAPE SANDWICH GRILL systemwide health and franchisee satisfaction can be measured by the STEAK ESCAPE SANDWICH GRILLfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

STEAK ESCAPE SANDWICH GRILL franchise for sale rate over the past 3 years is 6%. Over the last year we have data for, STEAK ESCAPE SANDWICH GRILL had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the STEAK ESCAPE SANDWICH GRILL franchise for sale rate compares to 2,000+ other franchises and Industry franchises like STEAK ESCAPE SANDWICH GRILL. More info in the STEAK ESCAPE SANDWICH GRILL metrics tab.

What is the STEAK ESCAPE SANDWICH GRILL Franchise Failure Rate?

STEAK ESCAPE SANDWICH GRILL franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

STEAK ESCAPE SANDWICH GRILL failure rate over the past 3 years is 25%. Over the last year we have data for, STEAK ESCAPE SANDWICH GRILL had a franchise failure rate of 11%.

Without a comparison, this number doesn’t mean much. Compare how the STEAK ESCAPE SANDWICH GRILL franchise for sale rate compares to 2,000+ other franchises and Industry franchises like STEAK ESCAPE SANDWICH GRILL. More info in the STEAK ESCAPE SANDWICH GRILL metrics tab.

How can I find out more details on STEAK ESCAPE SANDWICH GRILL franchise?

Visit the STEAK ESCAPE SANDWICH GRILL metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

STEAK ESCAPE SANDWICH GRILL

$528,000

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

STEAK ESCAPE SANDWICH GRILL

6%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

STEAK ESCAPE SANDWICH GRILL

$25,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Food and Beverage

Category

Fast Casual Restaurant

Works with Franchise Brokers

No

Year of Founding

1996

Fees

Marketing Fee

0.5%

Royalty Fee

6%

Franchise Fee

$25,000-$25,000

Investment Range

$240K-$817K

Location units

Total U.S. Locations

31

U.S. Franchised Units

28

U.S. Corporate Units

3

Headquarters (City)

Columbus

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2012

Issuance of FDD Data

03/31/2022

Detailed Franchise metrics for STEAK ESCAPE SANDWICH GRILL

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for STEAK ESCAPE SANDWICH GRILL below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

STEAK ESCAPE SANDWICH GRILL

-6%

-15%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

STEAK ESCAPE SANDWICH GRILL

0%

6%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

STEAK ESCAPE SANDWICH GRILL

11%

25%

Industry median

All franchises median

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Business details

Website

http://www.steakescape.com/

Business email

**********@******.com

Mailing address

1099 Sullivant Avenue

State headquarters

Ohio

Contact Name

STEAK ESCAPE SANDWICH GRILL

Phone

+1 (000) 0********00

City

Columbus

Zip code

43223
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