How much does a Great Steak franchise cost?
Opening a Great Steak franchise takes a total initial investment of $257,900 to $678,850, according to the brand's 2026 Franchise Disclosure Document. The FDD's Item 19 reports median gross sales of $508,011 across 22 outlets.
Great Steak franchises restaurants. Category: Food & Beverage.
Item 7
What it costs to open a Great Steak franchise
The franchisor's own estimated initial investment, as disclosed in its 2026 FDD. The total is $257,900 to $678,850. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Leasehold Improvements ($100,000 to $303,000), Restaurant Equipment, Furniture, Small Wares, Interior Signage and Menu Panels ($75,000 to $206,550), and Architectural Fees ($15,000 to $26,000). Together they make up about 79% of the high-end estimate.
The initial franchise fee is $14,000 to $30,000, about 5.4% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Initial Franchise Fee2026 FDD, Item 7, p. 30 | $14,000 | $30,000 | 2026 FDD, Item 7, p. 30 |
| Lease Review Fee2026 FDD, Item 7, p. 30 | $0 | $2,500 | 2026 FDD, Item 7, p. 30 |
| Rent/ | $12,000 | $20,000 | 2026 FDD, Item 7, p. 31 |
| Travel and Living Expenses (2 persons) while training, not including salaries, if any, for you and your employees2026 FDD, Item 7, p. 31 | $2,500 | $5,000 | 2026 FDD, Item 7, p. 31 |
| Architectural Fees2026 FDD, Item 7, p. 31 | $15,000 | $26,000 | 2026 FDD, Item 7, p. 31 |
| Leasehold Improvements2026 FDD, Item 7, p. 31 | $100,000 | $303,000 | 2026 FDD, Item 7, p. 31 |
| Restaurant Equipment, Furniture, Small Wares, Interior Signage and Menu Panels2026 FDD, Item 7, p. 31 | $75,000 | $206,550 | 2026 FDD, Item 7, p. 31 |
| Exterior Signage2026 FDD, Item 7, p. 31 | $10,000 | $17,000 | 2026 FDD, Item 7, p. 31 |
| Computer Hardware, Software (POS System)2026 FDD, Item 7, p. 31 | $3,000 | $10,000 | 2026 FDD, Item 7, p. 31 |
| PCI Compliance Costs2026 FDD, Item 7, p. 31 | $150 | $1,300 | 2026 FDD, Item 7, p. 31 |
| Opening Inventory (food and paper)2026 FDD, Item 7, p. 31 | $2,500 | $7,000 | 2026 FDD, Item 7, p. 31 |
| Business Insurance2026 FDD, Item 7, p. 31 | $1,000 | $5,000 | 2026 FDD, Item 7, p. 31 |
| Miscellaneous Opening Costs2026 FDD, Item 7, p. 31 | $4,750 | $17,500 | 2026 FDD, Item 7, p. 31 |
| Grand Opening Marketing2026 FDD, Item 7, p. 32 | $10,000 | $10,000 | 2026 FDD, Item 7, p. 32 |
| Depository Account2026 FDD, Item 7, p. 32 | $3,000 | $3,000 | 2026 FDD, Item 7, p. 32 |
| Additional Funds - 3 month initial period2026 FDD, Item 7, p. 32 | $5,000 | $15,000 | 2026 FDD, Item 7, p. 32 |
| Total estimated initial investment2026 FDD, Item 7, p. 30-32 | $257,900 | $678,850 | 2026 FDD, Item 7, p. 30-32 |
Source Great Steak, 2026 FDD, Item 7, p. 30-32, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-21. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 19
What Great Steak franchisees actually report earning
Median Gross Sales
$508,011
Great Steak's 2026 FDD, Item 19, for the December 1, 2024, through November 30, 2025. Basis: All franchised stores located in the United States that were existing outlets that did not open for the first time during the past fiscal year.
Sample size: 22 outlets. The FDD also reports average gross sales of $533,269. We lead with the median because an average is pulled upward by the strongest outlets; the median is the middle outlet.
What the franchisor excluded from this figure
- The outlets were located in the United States.
- The outlets were not temporarily closed as of fiscal year end.
- The outlets were not temporarily closed for more than half of the fiscal year.
This is a disclosure of what some existing outlets reported, not a projection of what a new Great Steak outlet would earn. Your results will differ.
Source Great Steak, 2026 FDD, Item 19, p. 69, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-21. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 20
How many Great Steak outlets there are, and how many closed
Great Steak ended 2025 with 23 franchised outlets and no company-owned outlets. In that year no franchised outlets opened and 1 left the system.
Three years at a glance
From 2023 through 2025, Great Steak opened 2 franchised outlets and 6 outlets left the system. That is a net loss of 3, from 26 to 23 franchised outlets. Of the outlets that left, 3 were not renewed and 3 closed for other reasons. Those openings and departures do not add up to that change, because the FDD's own Item 20 row for 2023 does not add up either. We publish the franchisor's figures exactly as printed; see the note under the table below.
On average, about 8.0% of franchised outlets left the system each year, roughly 1 in 13.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | 24 | 0 | 0 | 1 | 0 | 0 | 23 | 2026 FDD, Item 20, p. 73 |
| 2024 | 25 | 0 | 0 | 0 | 0 | 1 | 24 | 2026 FDD, Item 20, p. 73 |
| 2023 | 26 | 2 | 0 | 2 | 0 | 2 | 251 | 2026 FDD, Item 20, p. 73 |
Source Great Steak, 2026 FDD, Item 20, p. 73, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-21. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Compare
How Great Steak compares with other Food & Beverage franchises
Measured against the 256 Food & Beverage franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Great Steak's estimated range is $468,375. It costs less to open than 62% of Food & Beverage franchises here.
- Outlets leaving each year. 8.0% for Great Steak. That is higher than 63% of the 165 Food & Beverage franchises with at least 10 outlets.
- Three-year growth. Great Steak's franchised system shrank 12%. The typical Food & Beverage franchise here grew 5.0%.
- Earnings disclosure. 152 of the 256 Food & Beverage franchises here publish earnings figures in Item 19. Great Steak is one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Food & Beverage franchise side by side.
Alert me when Great Steak files a new FDD
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