As you research Tony Luke’s franchise, here is why you should consider the Great Steak cheesesteaks franchise
As more and more Americans come to love the classic cheesesteak experience, the market has seen a rise of cheesesteak franchise systems looking for a slice of the action. But which model is the best-bet investment? As you research owning a Tony Luke’s franchise, it pays to do some comparisons with other brands. Each is a little different — with different support teams, strategies, values, and ROI — and while Tony Luke’s franchise operates in the same market space as Great Steaks, our model is unique. Here’s what you should know about Great Steaks, the cheesesteak franchise that is getting the cheesesteak right.
With dozens of locations across the nation, Great Steak premier cheesesteak franchise was founded by two brothers who fell in love with cheesesteak on a trip to Philadelphia in 1982. Great Steak was one of the first brands to bring the classic cheesesteak experience to the rest of America. Led by a passionate executive team with proven experience in growing franchise systems, Great Steak is poised to become the premier cheesesteak franchise nationwide as it captures a significant share of the sandwich industry, which tops $19 billion according to IBISWorld.
“Our success over the three decades we’ve been in business comes down to our unwavering commitment to the cheesesteak,” says Walter Mejia, Vice President of Operations with Great Steak. “When it comes to cheesesteak, if you don’t do it right and authentic, you will hear about it from your customers. The Great Steak cheesesteak has won us a rapidly growing base of customers who are loyal and excited and find enormous enjoyment in our commitment to the cheesesteak. We look forward to franchising with savvy entrepreneurs who are as passionate about the cheesesteak as we are.”
Great Steak is the classic American cheesesteak franchise
Great Steak takes the cheesesteak very seriously. The brand’s simple menu focuses on cheesesteaks, both classic and innovative, and this specialization appeals to not only cheesesteak purists, but also to the largest demographic in the United States: millennials. Smithsonian reports that approximately 50% of Americans age 20 and older eat at least one sandwich every day, and according to Gordon Food Service, 49% of millennials say that sandwiches other than burgers are their favorite food. GFS reports that restaurants “don’t need to be the flashy gastro hotspot to be appealing” to millennials because what they want is a brand with a voice, food with flavor and the ability for customization — all of which they can find at Great Steak.
“Great Steak appeals to a wide variety of people, but we are especially appealing to the millennial demographic,” Walter says. “Our food is affordable, with an average ticket of $8-$10. And our use of high-quality ingredients is evident the moment a customer steps up to the counter. We don’t prepare meals in advance. Our customers tell us how they want their food, and then we cook their meal in front of them. It’s dinner and a show!”
Our two proven concepts are low-cost investment opportunities that are easy to run and easy to scale
The Great Steak executive team has designed two business models that are easy to operate and don’t require a background in the restaurant industry. Unlike Tony Luke’s franchise, Great Steaks can leverage the power of our parent company, Kahala Brands, to source the finest and freshest ingredients to keep hungry customers satisfied and margins high. In addition, Great Steak provides extensive training in every aspect of running a profitable business, as well as training you to teach your team how to provide the best classic American cheesesteak experience in your community.
With an initial investment starting at $146,600, Great Steak is a low-cost restaurant opportunity with potential for high returns. Our food court model and our in-line restaurant are designed to be easy to operate and to maximize profitability; here is what you need to know about both franchise concepts:
Food Court Model: This is the perfect option for a savvy entrepreneur who wants to run a simple business with a small staff, low overhead and few moving parts. Our food court counters are custom-designed to showcase the theatricality of cooking a cheesesteak: customers walk up and get a perfect view of their cheesesteak being cooked. Our success in malls across America for more than 30 years demonstrates that this model can generate a rapid return on investment. Great Steak has developed relationships with several of the largest mall companies in America, and they cannot wait for Great Steak to enter their marketplaces.
In-Line Restaurant: This model is for entrepreneurs who want to bring the classic American cheesesteak experience to the heart of their communities. Our restaurants require a small footprint, a small staff and low overhead, and the Great Steak executive team will work with you to find the best location for your business. In addition, initial training will be extensive, and the Great Steak team will assist you in growing your business as you become the premier cheesesteak restaurant in your community.
The premier cheesesteak franchise is a low investment opportunity with high potential rewards
Great Steak is a low-cost investment opportunity with high potential returns; the initial investment ranges from $146,600 to $511,050. Having sold millions of cheesesteaks since our founding in 1982, Great Steak has a proven business model for entrepreneurs who are passionate about bringing the classic American cheesesteak experience to their communities. The franchise fee for your first Great Steak franchise is $30,000, and the franchise fee for multiple units may be discounted if certain conditions and criteria are met.
“Great Steak has provided me with a wonderful life for my family,” says Raymond Lee, owner of the Great Steak franchise location in the Arrowhead Towne Center in Glendale, Arizona. “As a business, it’s incredibly easy to run, manage and remain profitable. I’m very proud of the quality of our food, and after several years in business, I still cannot wait to come into work and serve our cheesesteaks, which I think are the best for miles around.”
Learn more about the Great Steak franchise
For in-depth details about the Great Steak franchise opportunity, download our free franchise report. You can also learn more by visiting our research pages.
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