Steak Escape FDD Summary
Type of Business
The franchisee will operate a retail food outlet using the trade name “STEAK ESCAPE SANDWICH GRILLTM, or a variation thereof. The franchised system is a comprehensive food service operation that specializes in the retail sale of specialty sandwiches, specialty salads, specialty potatoes, fresh-cut french fries and fresh made lemonade and utilizes certain unique in-store merchandising techniques, with a strict adherence to uniform procedures to offer products of the highest quality.
Escape Enterprises, Ltd. is an Ohio limited liability company, organized on September 30, 1996. Escape has offered, sold and supported STEAK ESCAPE SANDWICH GRILL franchises continuously from August 2012 and franchises under similar concepts under the name STEAK ESCAPE or a variation thereof from October 1996. Escape is majority-owned and controlled by its parent company,Escape Enterprises, Inc., .an Ohio corporation. The principal business address for Escape and EEI is 222 Neilston Street, Columbus, Ohio 43215.
The total investment necessary to begin operation of a STEAK ESCAPE SANDWICH GRILL franchise is $218,250 to $620,000 (not including the cost of the space and new store operational assistance reimbursements of expenses, which vary too widely to be estimated with any accuracy). This includes $35,000 that must be paid to the Franchisor or an affiliate.