Great Steak & Potato Franchise
The Great Steak & Potato franchise is for a restaurant serving fries, baked potatoes, and philly cheesesteak sandwiches.
It was founded in 1982 and started franchising in 1986. It started out as a hot dog vendor in the 1930’s in Philadelphia’s Little Italy. He thought ““Hot dogs for lunch again?”. He decided to get sliced steak instead, grilled it, and served it with a lot of onions and sticks it in a bun. He was about to eat it when a cab driver offered him a nickel for it.
That was the first cheesesteak sandwich that was sold. I 1982, two brothers from Ohio visited Philadelphia and they simply fell in love with the cheesesteak. They wanted to bring that same thing around the country. Their first store was opened in Dayton, Ohio. It quickly grew to five locations in Ohio. Just three years later, they started franchising their business. They now have 133 locations all over the United States, seven in other countries, and one that is company owned.
What’s on the menu at a Great Steak & Potato?
Their menu falls into seven categories. First is the Cheesesteaks. They have the Original Philly Cheesesteak, Great Steak Cheesesteak, Super Steak Cheesesteak, and Chicagoland Cheesesteak which has provolone, philly cheese and white American cheese, philly cheese, and grilled onions, green peppers, and mushrooms. Second is the Chicken Phillys that has Original Chicken Philly, Buffalo Chicken Philly, Terriyaki Chicken Philly, and Ultimate Chicken Philly. Third is the Grilled Sandwiches which includes Turkey Philly, Ham Delight, Reuben Philly, Veggie Delight, Gyro, and Wisconsin Inside Out. Fourth is their Specialties and includes Little Philly Sliders, Chili, The Great Salad, Chef Salad, and Garden Salad. Fifth is the Fries and Potatoes and has Great Fries, Cheese Fries, Coney Island Fries, Nacho Fries, King Fries, The Great Potato, The King Potato, Broccoli and Cheese Potato, Bacon and Cheese Potato, Sour Cream and Chives Potato, and Potato Skins. Sixth is the Breakfast menu which includes Steak, Egg, and Cheese; Bacon, Egg, and Cheese; Sausage, Egg, and Cheese; Ham, Egg, and Cheese; Home Fries, and Deluxe Home Fries. Seventh category is the Kids Meals which offers Little Philly Sliders, Wisconsin Inside Out, and Chicken Nuggets.
Cost and requirements on running a Great Steak & Potato franchise
You need to have a total liquid asset of at least $30,000. Expect to be investing about $153,000 to $456,000. The Great Steak & Potato franchise fee is $30,000 with an on-going royalty fee of 6%. This is for a renewable 10 year term agreement. You will need about 10 employees to run one location. They allow multi-unit ownership and absentee ownership.
What is included in the franchise package?
There will be two weeks training at the headquarters, two weeks at your location, and training at an existing location as needed. You will be receiving newsletters and assistance at the grand opening. You will be given access to the internet and to purchasing cooperatives. Expect to be attending meetings and receiving occasional field evaluations to check on your progress. For marketing support, there will be ad slicks, regional advertising, and national media.
Great Steak & Potato Contact Details
You may reach them at:
Address: 9311 E. Via De Ventura Scottsdale, Arizona 85258