INVESTMENT REQUIREMENTS
1. Franchise Overview
2. Facts on Ownership
3. Investment Requirements
4. Becoming a Franchisee
The following table contains the financial requirements for owning your own Great Steak franchise:
Initial Investment Costs
| Low | High | |
| Initial Franchise Fee | $30,000 | $30,000 |
| Travel & Living Expenses While Training | $2,500 | $5,000 |
| Rent / Security Deposit (first 3 months) | $6,000 | $30,000 |
| Architectural & Project Management | $5,000 | $15,000 |
| Contstruction / Leasehold Improvements | $40,000 | $175,000 |
| Restaurant Equipment, Furniture | $40,000 | $100,000 |
| Interior & Exterior Signage | $5,000 | $35,000 |
| Computer Hardware/Software, POS System | $8,000 | $15,000 |
| Opening Inventory (Food & Paper) | $2,500 | $7,000 |
| Grand Opening Advertising & Promotion | $0 | $5,000 |
| Business Insurance | $1,000 | $5,000 |
| Miscellaneous Opening Costs | $4,750 | $15,500 |
| Additional Funds / Working Capital (3 Months) | $5,000 | $15,000 |
| Annual Software Maintenance Contract | $300 | $500 |
| Depository Account | $3000 | $3000 |
| TOTALS* | $153,050 | $456,000 |
| * Does not include real estate costs and / or rent for the business location. Investment for a non-traditional Great Steak store will vary by locatoin. | ||
Additional Facts and Figures
- Recommended capital - $320,000 net worth and $75,000 - $150,000 liquid, non-financed funds
- Royalty fee - 6% of total weekly sales or $400/week
- Advertising fee - 2% of gross sales
- Term - 10 years, followed by single10 year renewal options
