Great Steak franchise: cost, fees and total investment
Short answer: The Great Steak franchise fee is $14,000 to $30,000 and the total initial investment ranges from $172,900 to $662,850, with about $60,000 in liquid cash required, based on franchise disclosure data compiled in October 2026. Confirm current figures in Items 5 and 7 of the Great Steak FDD.
What are the Great Steak franchise fees and investment?
The Great Steak franchise requires a franchise fee of $14,000 to $30,000 and a total initial investment of $172,900 to $662,850. The franchise fee is one line inside the total investment, which also covers location, equipment, opening inventory and working capital.
| Franchise fee (FDD Item 5) | $14,000 to $30,000 |
|---|---|
| Total initial investment (FDD Item 7) | $172,900 to $662,850 |
| Minimum liquid cash | $60,000 |
| US locations | 24 |
| Industry | Food & Restaurant (Quick Service) |
| Headquarters | Scottsdale, Arizona |
| Founded | 1982 |
| Franchising since | 2010 |
How does the Great Steak investment compare with other food & restaurant franchises?
Great Steak's minimum investment of $172,900 is at or below the median minimum investment of $297,082 across the 1213 food & restaurant franchises in the SelectFranchiseList database. 906 of the other 1211 brands in this industry start at a higher investment. Its franchise fee starting at $14,000 compares with an industry median of $35,000.
By minimum investment, Great Steak belongs with franchises from $100,000 to $250,000.
What should you verify in the Great Steak FDD?
Verify six parts of the Great Steak Franchise Disclosure Document before you sign, because figures change with every annual FDD:
- Item 5 and Item 6: the current franchise fee, royalty, marketing fund and technology fees.
- Item 7: the full investment range by expense line, including working capital.
- Item 19: whether Great Steak discloses financial performance data, and which units it covers.
- Item 20: openings, closures and transfers, plus contacts for current and former franchisees.
- Item 21: the franchisor's audited financial statements.
- Item 12: whether your territory is protected.
The full list of Items is in the FDD guide. You must receive the FDD at least 14 calendar days before you sign a binding agreement or pay any money.
Which franchises are similar to Great Steak?
These food & restaurant franchises have the closest minimum investment to Great Steak:
| Franchise | Franchise fee | Total investment |
|---|---|---|
| Freshii Restaurant | $30,000 | $172,500 to $641,000 |
| Supreme Sandwich | $35,000 | $172,500 to $185,250 |
| Boba Cucue | $40,000 | $173,450 to $309,250 |
| Sombrero Mexican Food | $30,000 | $173,800 to $1,207,300 |
| Yi Fang Taiwan Fruit Tea | $60,000 | $172,000 to $269,000 |
See every brand in food & restaurant franchises.
Frequently asked questions
How much does a Great Steak franchise cost?
The total initial investment for a Great Steak franchise ranges from $172,900 to $662,850, including a franchise fee of $14,000 to $30,000, according to franchise disclosure data compiled in October 2026. The exact amount depends on location, build-out and working capital, as shown in Item 7 of the FDD.
How much cash do you need to open a Great Steak franchise?
Great Steak lists a minimum of about $60,000 in liquid cash. Lenders usually finance part of the remaining investment, and the franchisor confirms its capital requirements during qualification.
How many Great Steak locations are there?
Great Steak reported 24 US locations in the data compiled in October 2026. Item 20 of the FDD shows openings, closures and transfers for the last three years.
How long has Great Steak been franchising?
Great Steak started offering franchises in 2010 after the company was founded in 1982.
Figures are compiled from franchise disclosure data and public franchise listings as of October 2026 and may have changed. Great Steak and its trademarks belong to their owner; SelectFranchiseList is not affiliated with or endorsed by Great Steak. This page is not an offer to sell a franchise. Only the franchisor's current FDD is authoritative.