Great Steak Own a Store

INVESTMENT REQUIREMENTS

1. Franchise Overview
2. Facts on Ownership
3. Investment Requirements
4. Becoming a Franchisee

Great Steak Franchising Opportunities for U.S. Military Veterans


Request Info


Franchiee Login

The following table contains the financial requirements for owning your own traditional Great Steak franchise*:

Initial Investment Costs

  Low High
Initial Franchise Fee $14,000** $30,000
Travel & Living Expenses While Training $2,500 $5,000
Rent / Security Deposit (first 3 months) $12,000 $30,000
Architectural & Project Management $5,000 $15,000
Leasehold Improvements $40,000 $225,000
Exterior & Interior Signage and Menu Panels $5,000 $55,000
Equipment & Furniture $40,000

$120,000

Computer Hardware/Software, POS System $10,000 $20,000
Initial Inventory (Food & Paper) $2,500 $7,000
Grand Opening  $5,000 $10,000
Business Insurance Premiums $1,000 $5,000
Miscellaneous Opening Costs $4,750 $17,200
Additional Funds / Working Capital (3 Months) $5,000 $15,000
PCI Compliance $150 $1,300
Depository Account $3,000 $3,000
Location Review Fee $1,250 $1,250
 TOTALS* $151,150 $559,750

* More detailed initial investment information for traditional and non-traditional Great Steak franchises is available in the Franchise Disclosure Document (FDD).

**Includes discount for eligible military.


Additional Facts and Figures

  • Recommended capital - $320,000 net worth and $75,000 - $150,000 liquid, non-financed funds
  • Royalty fee - greater of 6% of total weekly sales or $400/week for traditional locations
  • Advertising fee - 2% of gross sales
  • Term - shorter of 10 years or the term of your lease, followed by single 10 year renewal options

» VIEW BECOMING A FRANCHISEE

Inside The Great Steak & Potato

"Great Steak is a franchise that has provided continued support and the necessary tools to promote excellent team work and strong relationships, which have helped me run an effective business during my first year."

- Cindy Kang, CA

The information on this website is for informational purposes only and is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise; nor is it directed to the residents of any particular jurisdiction. The following states currently regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise until we have completed the applicable registration or obtained the exemption from registration, and completed the applicable disclosure requirements. Regardless of what state you reside in, an offering can only be made by a franchise disclosure document. In addition, several countries regulate the offer and sale of franchises.