Business Description

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

Year Established:  1982

Franchising Since:  1983

Operating Units:
Franchised Units:	165	100%
Company-Owned Units:	0	0%
Total Operating Units:	165	100.0%
Geographic Distribution: U.S.: 164 99.4% In 35 States Canada: 0 0% In 0 Canadian Provinces International: 1 0.6% In 0 Foreign Countries   Total: 165 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. California	18
2. Colorado	16
3. Ohio	14

Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:
Minimum Net Worth:	$100K
Cash Investment:	$70-250K
Total Investment:	$180-1.25MM
Average Total Investment:	$715K
Fees:
Initial Franchise Fee:	$25K
Average Franchise Fee:	$25K
On-Going Royalty:	6-5%
Average Royalty:	6%
Advertising Fee:	0.5%

Average Number of Employees: 4 Full-time, 12 Part-time

Space Needs (in square footage): 300-2,400

Preferred Sites: Free-standing Building, Storefront, Strip Center, Regional Mall

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	4
General Business Experience:	4
Specific Industry Experience:	3
Formal Education:	1
Psychological Profile:	3
Personal Interview(s):	4
Terms of Contract
Term of Initial Contract:	20 Year(s)
Term of Renewal Period:	Varies Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	28
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	At Additional Cost
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Colombus, OH	3 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 40-45 U.S.: Yes, All United States Canada: Yes, All Canada Overseas: Yes, Western Hemisphere	Request Franchisor Info   Submit an online form to receive information from Steak Escape.