Great Steak franchise
A Great Steak franchisee operates a restaurant serving cheesesteaks, baked potatoes, burgers and related food. At the end of 2025 there were 23 Great Steak locations in the US, all franchised.
- Cost to open
- $258K–$679K
- Franchise fee
- $30,000
- Royalty
- 6% + minimum
- Locations, 2025
- 23−3 in 2 yrs
Compare with similar brands Estimate your costs
Company snapshot
- SBA loans
- On the SBA Franchise Directory
From KAHALA FRANCHISING, LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a Great Steak franchise costs
Opening one traditional restaurant costs an estimated $257,900 to $678,850. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: KAHALA FRANCHISING, LLC, 2026 filing, page 38
Great Steak franchise fee
The franchise fee is $30,000. You pay it when you sign the franchise agreement.
Source: KAHALA FRANCHISING, LLC, 2026 filing, page 29
Royalty and ongoing fees
| Royalty | The greater of 6% of weekly gross sales or $400 per week, plus a surcharge of up to $10 per week. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: KAHALA FRANCHISING, LLC, 2026 filing, page 32
Sales and earnings
Shares figures Great Steak publishes sales or earnings figures for its locations: results for US franchised stores open before the December 2024–November 2025 reporting period. The full tables, with notes on which locations are counted, are in its filing.
Source: KAHALA FRANCHISING, LLC, 2026 filing, page 75
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 25 (−1) | 0 | – |
| 2024 | 24 (−1) | 0 | 1 |
| 2025 | 23 (−1) | 0 | 1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Source: KAHALA FRANCHISING, LLC, 2026 filing, page 76
How Great Steak compares
Of the 126 restaurant franchises on this site, Great Steak is the 22nd cheapest to open and the 94th largest by number of locations.
| Measure | Great Steak | Typical restaurant |
|---|---|---|
| Cost to open, low end | $258K | $484K |
| Royalty | 6% | 5% |
| Closed or left per year | 4.1% | 3.6% |
| Change in franchised locations, 2 yrs | −11.5% | +6.3% |
| Shares earnings figures | Yes | 92 of 126 |
Typical is the median across the 126 brands in restaurant franchises.
