Great Steak And Fry Company
The total investment to open a Great Steak And Fry Company franchise ranges from $63,100 to $307,000. The initial franchise fee is $66,000. Ongoing royalties are 6% plus a 4% advertising fee.
What is the Great Steak And Fry Company franchise?
Great Steak And Fry Company is a limited service restaurant business selling cheesesteaks and fries. The estimated total initial investment is $63,100 to $307,000, and the initial franchise fee is $66,000. These figures are from the 2024 Franchise Disclosure Document.
The royalty is 6 percent of sales, and the advertising or brand fund fee is 4 percent. The franchise agreement term is 10 years.
The company was founded in 1982 and is headquartered in Chicago, Illinois.
Loan Activity Score
38/100
SBA Default Rate
20.0%
Active Lenders
15
According to its Franchise Disclosure Document or public business records, Great Steak And Fry Company has 16 locations, all owned by franchisees. Public SBA loan records show 15 lenders made 20 loans to franchisees of Great Steak And Fry Company. PeerSense calculates Great Steak And Fry Company's score as 38 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2024 Franchise Disclosure Document.
Franchising since 1982 · 16 locations
$63,100 to $307,000
$66,000
16
16 franchised
Proprietary PeerSense metric
FairDistinct lenders in public SBA records for Great Steak And Fry Company
20
Total SBA loans
$165K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Great Steak And Fry Company
Loan Activity Score Breakdown
Growing (10 to 24 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
20.0%
vs 10.3% peer avg
SBA Loans
20
Total Volume
$3.3M
Active Lenders
15
1 selective
States
11
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Great Steak And Fry Company based on SBA lending data
SBA Default Rate
20.0%
9.7% above peer avg
SBA Loan Volume
20 loans
Across 15 lenders
Lender Diversity
15 lenders
Avg 1.3 loans per lender
Investment Tier
Mid range investment
$63,100 to $307,000 total
Great Steak And Fry Company: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
1999
7 approvals. The best year on record for Great Steak And Fry Company.
Top SBA State
Illinois
5 SBA financed Great Steak And Fry Company locations, the densest operator footprint.
Average Loan Size
$165K
Median $144K. Use as a sizing anchor when modeling your own Great Steak And Fry Company unit.
Lender Concentration
30%
Moderately Spread
Share of Great Steak And Fry Company approvals captured by the top 3 SBA lenders.
Great Steak And Fry Company's SBA lending pipeline peaked in 1999 (7 approvals). Operator density is highest in Illinois with 5 SBA financed locations. Average funded ticket sits at $165K, with the median at $144K. Lender mix is moderately spread: the top three SBA lenders account for 30% of approvals. Meaningful choice exists, but specific lenders carry the brand.
Payment Estimator
Estimated Monthly Payment
$653
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Great Steak And Fry Company, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman