bizbuysell
BizBuySell
Businesses Franchises Brokers
BizBuySell
    • Search for a Business
    • Established Businesses
    • Asset Sales
    • How to Buy a Business
    • BizBuySell Edge
    • Search Franchises For Sale
    • Low Cost Franchises
    • Restaurant and Food Franchises
    • Business Opportunities
    • Retail Franchises
    • Sell a Business on BizBuySell
    • Sell Multiple Businesses
    • How to Sell a Business
    • Value a Business
    • Find a Broker
    • Learning Center
    • Finance Center
    • Market Insights
    • Business for Sale Blog
    • Find a Broker
    • For Brokers
    • Dashboard
    • My Saved Listings
    • My Saved Searches
    • My Account
    • Dashboard
    • Dashboard
    • Leads
    • Billing
    • My Saved Listings
    • My Saved Searches
    • Account
  • Sign In
  • Join
  • Search for a Business
  • Established Businesses
  • Asset Sales
  • How to Buy a Business
  • BizBuySell Edge
  • Search Franchises For Sale
  • Low Cost Franchises
  • Restaurant and Food Franchises
  • Business Opportunities
  • Retail Franchises
  • Sell a Business on BizBuySell
  • Sell Multiple Businesses
  • How to Sell a Business
  • Value a Business
  • Find a Broker
  • Learning Center
  • Finance Center
  • Market Insights
  • Business for Sale Blog
  • Find a Broker
  • For Brokers
Dashboard
My Business
  • My Listings
  • Guide to Selling
  • Add a New Listing
  • My Saved Listings
  • My Saved Searches
  • Franchise Recommendations
  • Edge Profile
  • Recommendations
  • Location Insights
  • My Valuation Reports
  • Get Valuation Report
  • My Inquiries
  • Email Preferences
  • My Account
  • My Billing Info
Dashboard
Dashboard
Leads
Billing
My Saved Listings
My Saved Searches
Account
Sign In
 
BusinessesFranchisesBrokers
logo

Great Steak is not currently active on BizBuySell.

You can get custom recommendations using the form below.

Great Steak Franchise

Great Steak franchises serve authentic Philly cheesesteaks, which may be an appetizing choice for owners wanting something other than traditional fast food.

Restaurant & Food Franchises For Sale|
California Franchises For Sale
logo
Highlights
Cash Required

$150,000

Min. Franchise Fee

$30,000

Total Number of Units

24

Franchising Since

1991

Corporate Headquarters

Scottsdale,AZ

CEO Name

Eric Lefebvre

About Great Steak

Great Steak offers American comfort food such as cheesesteaks, baked potatoes, French fries and chicken Phillys. All cheesesteaks are grilled to order and are made of premium sirloin.

Great Steak’s franchise locations fall into two groups: traditional and nontraditional. Traditional locations cost more to open. They serve full menus and include in-line restaurants and those in mall food courts. Nontraditional locations are in places such as convenience stores, retail stores, cafeterias, casinos and entertainment venues. These locations have a limited menu and cost significantly less to open.

Great Steak’s original Philly cheesesteak features just two toppings: onions and Philly cheese. Meanwhile, the Chicagoland cheesesteak, touted as having it all, boasts a long topping list with Philly cheese, provolone and white American cheese, grilled onions, green peppers and mushrooms. Other cheesesteak varieties and menu items, including breakfast and a kids menu, are available as well.

Franchise Unit Trends & Revenue

Total Number of Units

24

New Units Opened

-

Average Unit Revenue

$579,903

* in 2024

Franchise Fees

Min. Franchise Fee

$30,000
Veteran's Fee: $24,000

Royalty Fee

6.0%
Gross Sales

Ad Fund Fee

1.0%
Gross Sales

Why Choose Great Steak?

Cheesesteaks and baked potatoes offer different fare from fast food restaurants serving hamburgers, chicken sandwiches and Mexican. Other cheesesteak franchises exist, but Great Steak is the most well-known. The company is proud of keeping its menu compact while still allowing for customization. One of its key demographics is Millennials, who enjoy being able to get a meal for about $8 and having the steak cooked in front of them. The food at Great Steak is high quality and authentic, appealing both to everyday consumers and to cheesesteak purists.

Due to its chain of corporate ownership, Great Steak has solid backing and management teams that know what they’re doing. Franchisees undergo extensive training by knowledgeable people, and a lot of support is available. As one owner, Moe Elhindi, says on the Great Steak franchising website, “Great Steak has made managing the inventory, the training, and maintaining the quality of the product very straightforward.” Veterans may especially like the 20 percent discount on franchise fees. In addition, Great Steak gives all franchise owners discounts on the franchise fee for their second and third stores.

Starting Costs & Investment Requirements

Total Investment

$133,500 - $519,050

Net Worth Required

$250,000

Cash Required

$150,000

Training and Support
Financing Available
Multi Units

Training & Support

Comprehensive training is given in varied areas such as cheesesteak prep and inventory management.

History

Great Steak was founded in 1982 by two brothers hailing from Ohio. On travels to Philadelphia, they experienced one of the city’s delights, its cheesesteaks. Back in Ohio, they established the Great Steak & Potato Company, and the company is now called Great Steak.

Great Steak is owned by Kahala Franchising, an Arizona company founded in 2008. It oversees other brands such as Cold Stone Creamery, Taco Time, Baja Fresh, Thai Express and Sweet Frog. In turn, Kahala Franchising has a parent company, Kahala Brands, which has its own parent company, MTY Franchising USA.

Ideal Candidate

Ideal candidates have the ability to follow the company’s business model, an entrepreneurial drive and a good track record in management. Restaurant experience is not necessary but can be extremely helpful.

The information in this page has been provided by the franchise or representative stated above. BizBuySell has no stake in the sale of this franchise, has not independently verified any of the information about the franchise, and assumes no responsibility for its accuracy or completeness. Read BizBuySell's Terms of Use before responding to any franchise.
Great Steak is not currently active on BizBuySell.
You can get custom recommendations using the form below.

Restaurant and Food Franchises

Checkers & Rally’s Restaurants
Checkers & Rally’s Restaurants

Cash Required: $350,000

Add to Request List
Lee's Famous Recipe Chicken
Lee's Famous Recipe Chicken

Cash Required: $750,000

Add to Request List
Hummus Republic
Hummus Republic

Cash Required: $150,000

Add to Request List
The Original Rainbow Cone Ice Cream Shop
The Original Rainbow Cone Ice Cream Shop

Cash Required: $150,000

Add to Request List

Franchises up to $250,000

Mister Sparky Electric
Mister Sparky Electric

Cash Required: $150,000

Add to Request List
Mosquito Squad
Mosquito Squad

Cash Required: $50,000

Add to Request List
Monster Tree Service
Monster Tree Service

Cash Required: $150,000

Add to Request List
One Hour Heating & Air Conditioning
One Hour Heating & Air Conditioning

Cash Required: $150,000

Add to Request List

Franchises in California

A Place At Home
A Place At Home

Cash Required: $50,000

Add to Request List
Apricot Lane Boutique
Apricot Lane Boutique

Cash Required: $80,000

Add to Request List
Blue Coast Savings Consultants
Blue Coast Savings Consultants

Cash Required: $23,900

Add to Request List
1-800 WATER DAMAGE
1-800 WATER DAMAGE

Cash Required: $100,000

Add to Request List

This web page is not endorsed by or affiliated with any franchisor. Product and company names are trademarks of their owners and are used for referential purposes only.

 
BizBuySell
LinkedIn Facebook Instagram YouTube

© 2025 CoStar Group

Search
  • Established Business
  • Franchises for Sale
  • Asset Sales
  • Business Real Estate
  • Find a Broker
Advertisers
  • Advertise
  • BrokerWorks
  • Franchisors
  • Sell Your Business
Resources
  • Value a Business
  • Learning Center
  • Blog
  • BizBuySell Edge
  • Insight Report
Company
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Notice
  • Sitemap
Marketplace
  • BizQuest
  • FindaFranchise
  • LoopNet
  • Homes.com
  • Apartments.com
  • Land.com
  • Established Business
  • Franchises for Sale
  • Asset Sales
  • Business Real Estate
  • Find a Broker
  • Advertise
  • BrokerWorks
  • Franchisors
  • Sell Your Business
  • Value a Business
  • Learning Center
  • Blog
  • BizBuySell Edge
  • Insight Report
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Notice
  • Sitemap
  • BizQuest
  • FindaFranchise
  • LoopNet
  • Homes.com
  • Apartments.com
  • Land.com
CA: Do Not Sell My Personal Info
CA: Do Not Sell My Personal Info