Quick Verdict · who it fits
Great Steak fits first-time franchise buyers looking for an emerging food & beverage concept.
The numbers a buyer needs first — straight from the filing.
Initial investment (Item 7)
$154K
Royalty (Item 6)
6%
Item 19 median rev
$465k population not disclosed in this filing
System size (Item 20)
24
Model Great Steak's costs in the investment calculator → Prefilled from this filing — startup cost, cash flow and break-even.
Data extracted from the 2024 FDD filed with state regulators. Fees and terms may have changed since filing — request the current FDD from the franchisor before deciding. Not legal, financial, or investment advice. Full disclaimer.
Drag to your projected annual sales. Royalty 6% on gross sales.
PROJECTED ANNUAL SALES$470,000
$100k$2M
Royalty (6%)
—
Total / year
—
▪ Of-sales fees only · excludes rent, labor, COGS, and one-time costs · for illustration
Free AI summary — the first read on the filing.
24
Total units open
franchised, U.S. only
0
Units opened last year
1
Units closed last year
1 ceased operations – other reasons
−1
Net unit growth
What our analysis flagged across the 2024 filing.
5
Risks to review
4
Strengths identified
5
Questions to ask
How Great Steak ranks against 811 Food & Beverage peers we've analyzed.
Initial investment
13th pct · of 811 peers
System size
52nd pct · of 811 peers
Food & Beverage industry averages
Avg investment
$528K - $1.3M
Avg franchise fee
$38K
Avg system size
235
Franchises analyzed
811
Closest concepts by category and investment.
| Brand | Item 19 | Fee | Investment | Royalty | Units |
|---|---|---|---|---|---|
| Great Steak | Disclosed | — | $154K | 6% | 24 |
| Kahala Franchising, L.l.c. (surf City Squeeze)Similar price | None | — | $69K | 6% | 62 |
| Doctor's AssociatesBiggest system | None | $15K | $227K - $630K | 8% | 18,773 |
| Vintage Hospitality GroupTop-rated in category | Disclosed | $50K | $3.5M - $6.4M | 5.5% | 33 |
Not sure Great Steak is the one?
Answer five questions and get matched against 2,000+ analyzed FDDs — including every Food & Beverage brand we cover. Free, no account needed.
Free explainers to go deeper before you sign.
Brand Analysis
The 2026 Cinnabon Franchisor SPV LLC disclosure puts a Full Bakery at $196,250 to $715,100 with a $35,500 fee, and reports a $600,536 median across 189 enclosed mall bakeries.
Brand Analysis
Chipotle reported 4,186 company-operated restaurants and 15 international licensed restaurants as of June 30, 2026. None are franchised, there is no FDD, and there is nothing to apply for. Qdoba is the franchised version of the same order line, and its 12/25 FDD puts a traditional restaurant at $548,100 to $1,294,000.
Brand Analysis
Cracker Barrel Old Country Store, Inc. reported 656 company-operated stores in 43 states as of January 30, 2026, and the brand has never sold a franchise. Huddle House and Another Broken Egg cover the same daypart with filed FDDs, at $555,375 to $1,715,275 and $792,500 to $1,804,000.
Great Steak requires a total investment starting at $153,500, per the most recent FDD on file.
Great Steak is franchised by Kahala Franchising, L.L.C. (Great Steak), the franchisor entity of record on its Franchise Disclosure Document. Item 1 of the FDD discloses the franchisor's corporate history, parents, and predecessors.
Yes. Great Steak discloses Item 19 financial performance representations with reported revenue around $465,400. See the financials sub-page for the full distribution.
Franchisees pay a royalty of 6% of Gross Sales or $400/week minimum on gross sales as defined in Item 6 of the FDD.
As of their 2024 FDD, Great Steak has 24 total locations. This information comes from Item 20 of the FDD.
Per the FDD, Great Steak discloses a transfer fee of $7,500. Review Items 10 and 17 for the full renewal and termination provisions.
This page is part of VetMyFranchise. View all pages: llms.txt · llms-full.txt