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 749 Food & Beverage peers we've analyzed.
Initial investment
14th pct · of 749 peers
System size
48th pct · of 749 peers
Food & Beverage industry averages
Avg investment
$589K - $1.4M
Avg franchise fee
$37K
Avg system size
261
Franchises analyzed
749
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 |
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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.
Brand Analysis
The Häagen-Dazs Shoppe Company franchises the ice cream shops on a $30,000 fee and a 4% royalty, with a 2026 Item 7 range of $213,329 to $591,579. The trademark belongs to a different company, and the ice cream you are required to buy comes from a third.
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.
This page is part of VetMyFranchise. View all pages: llms.txt · llms-full.txt