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Rates
The All American Steakhouse &

The All American Steakhouse &

Franchising since 2003 · 2 locations

The total investment to open a The All American Steakhouse & franchise ranges from $1.5M - $2.6M. The initial franchise fee is $45,000. Ongoing royalties are 3% plus a 0.5% advertising fee. The All American Steakhouse & currently operates 2 locations (2 franchised). The top SBA 7(a) lenders for The All American Steakhouse & are Meridian Bank and Fulton Bank. PeerSense FPI health score: 49/100.

Investment

$1.5M - $2.6M

Franchise Fee

$45,000

Total Units

2

2 franchised

FPI Score
Low
49

Proprietary PeerSense metric

Fair
Capital Partners
2lenders available

Active capital sources verified for The All American Steakhouse & financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

New/Niche (1-2 loans)

Limited Data
49out of 100
Fair

SBA Lending Performance

SBA Default Rate

0.0%

0 of 2 loans charged off

SBA Loans

2

Total Volume

$2.4M

Active Lenders

2

States

1

Top SBA Lenders for The All American Steakhouse &

What is the The All American Steakhouse & franchise?

For franchise investors navigating the dynamic landscape of the casual dining sector, a primary concern often revolves around identifying a brand that offers both proven operational strategies and a compelling market position. The All American Steakhouse presents a distinctive franchise opportunity designed to address this need, drawing on deep industry expertise to deliver a unique steakhouse experience. Conceived in 2003 by two restaurant industry veterans, George Jones and Brock Anderson, who collectively brought an impressive 70 years of experience from major chains such as Outback Steakhouse, Chili's, Steak and Ale, and Dave & Buster's, the brand was built on a foundation of seasoned leadership. George Jones, serving as President and CEO as of 2016, along with former Washington Redskin Marvcus Patton as an owner, underscores the brand’s robust management and community ties. The flagship store of The All American Steakhouse officially opened its doors on November 25, 2003, in Edgewater, Maryland, a location that also serves as the company's home office and the operational hub for its parent entity, All American Steakhouse International, Inc. From its inception, The All American Steakhouse aimed to carve out a dominant niche within the casual dining steakhouse segment, emphasizing hand-cut, dry-aged steaks and a vibrant, sports-themed atmosphere. By July 2016, shortly after commencing its franchising efforts in the spring of that year, the network had expanded to six locations across Maryland and Virginia, comprising five affiliate stores and its inaugural franchise location. The brand’s growth trajectory continued, reaching seven units as indicated by 2026 data, with a franchisee interview in 2022 further clarifying that the company operated five corporate units throughout Maryland and Virginia, having started franchising approximately two years prior to that discussion. This steady, calculated expansion within its core Mid-Atlantic region, coupled with the brand's unique offering of "Ruth's Chris" quality steak at an "Outback" price, positions The All American Steakhouse as a significant player for franchise investors. The total addressable market for full-service restaurants globally was estimated at USD 14.75 billion in 2024, with projections indicating a rise to approximately USD 22.34 billion by 2034, reflecting a compound annual growth rate (CAGR) of 4.24% from 2025 to 2034. In the United States alone, this market was valued at USD 3.20 billion in 2024 and is projected to reach around USD 4.96 billion by 2034, exhibiting a CAGR of 4.48% from 2025 to 2034, with other forecasts suggesting an even more robust growth from US$ 371.9 billion in 2025 to US$ 715.8 billion by 2032, at a CAGR of 12.7%, or from USD 336.22 billion in 2024 to USD 807.83 billion by 2033 with a CAGR of 10.23%. These figures underscore a substantial and expanding market, making The All American Steakhouse a pertinent consideration for those looking to capitalize on sustained consumer demand within a growing and resilient industry. This independent analysis aims to provide a data-rich perspective for potential investors, distinguishing itself from promotional materials by focusing solely on verifiable facts and strategic implications.

The full-service restaurant market continues to represent a robust and expanding segment of the global economy, offering significant opportunities for well-positioned franchise concepts like The All American Steakhouse. As detailed, the global full-service restaurant market, valued at USD 14.75 billion in 2024, is poised for substantial growth, with projections estimating an increase to approximately USD 22.34 billion by 2034, driven by a compound annual growth rate (CAGR) of 4.24% over the 2025-2034 period. The United States market mirrors this positive trend, with an estimated size of USD 3.20 billion in 2024 and a projected ascent to around USD 4.96 billion by 2034, demonstrating a CAGR of 4.48% from 2025 to 2034. Even more optimistic forecasts suggest the U.S. full-service restaurant market could reach US$ 715.8 billion by 2032 from US$ 371.9 billion in 2025, growing at a remarkable CAGR of 12.7%, or from USD 336.22 billion in 2024 to USD 807.83 billion by 2033 with a CAGR of 10.23%. These projections highlight a significant and sustained secular tailwind benefiting the entire industry. The broader restaurant industry itself was expected to achieve record sales of $709.2 billion in 2015, marking the sixth consecutive year of real growth, with full-service or table-service restaurants specifically forecasted to generate $219.69 billion in sales that year. Further demonstrating this upward trajectory, Technomic projected a 2.5% increase in sales for full-service restaurants in 2016, signifying the seventh straight year of growth for the sector. This industry also stands as the nation's second-largest private sector employer, supporting a workforce of 14 million individuals, indicating its foundational role in the economy. Key consumer trends are unequivocally driving this demand, with nearly 40% of U.S. consumers reporting that they dine out in full-service restaurants one to three times a month, and in 2014, 22.5% dined out one to two times a week. The paramount considerations for approximately 95% of surveyed adults when selecting a full-service restaurant are consistently good service and high-quality food, aligning perfectly with the operational philosophy of The All American Steakhouse. Furthermore, the rising disposable income among U.S. consumers, particularly among Millennials and Gen Z, who increasingly prioritize experiential dining and ambiance, contributes significantly to higher spending on dining out. There is also a discernible growing interest in gourmet and ethnic cuisines, which while not directly aligning with steakhouse, points to a broader appetite for diverse and quality dining experiences. The market dynamics also indicate that independent outlets are projected to command 75.2% of the U.S. full-service restaurant market share in 2025, driven by a demand for creative menus and personalized dining experiences, suggesting that brands with unique offerings like The All American Steakhouse can thrive. Geographically, the Midwest U.S. is anticipated to hold a substantial 29.6% market share in 2025, a testament to its lower cost of living and strong regional loyalty to local dining establishments. These macro forces collectively create a compelling environment for franchise investment in the full-service restaurant category, with established brands possessing strong competitive differentiators well-positioned for sustained success.

For prospective entrepreneurs considering a franchise opportunity, understanding the financial commitment is paramount, and The All American Steakhouse presents a clearly defined investment structure within the casual dining segment. The initial franchise fee for a single unit of The All American Steakhouse is $45,000, a figure that provides access to the brand's established systems, training, and ongoing support. For multi-unit developers or existing franchisees looking to expand their portfolio, the franchise fee for each additional unit is reduced to $38,000, incentivizing growth and deeper market penetration. This tiered fee structure is competitive within the broader full-service restaurant category, often falling within a mid-tier range for established brands. The total investment range required to open a The All American Steakhouse franchise is between $1,500,000 and $2,600,000, with a more precise range cited as $1,527,532 to $2,598,065. This spread is typically influenced by factors such as real estate costs, the specific size and condition of the chosen site, local construction costs, and the extent of leasehold improvements required for a new build-out versus a conversion of an existing space. To ensure franchisees possess the necessary financial stability, The All American Steakhouse requires a minimum of $350,000 in liquid capital, demonstrating accessible funds for initial setup and working capital. Furthermore, a minimum net worth of $1,500,000 is required, signaling a robust financial background capable of supporting a significant restaurant investment. Beyond the initial investment, franchisees are subject to ongoing fees designed to support the brand's continued development and marketing efforts. The ongoing royalty fee, referred to as an "on-going licensing fee," is set at 3% of gross sales revenues, a notably competitive rate that is often below the industry average for full-service restaurant franchises. Additionally, a marketing and technology fee of 0.5% of gross sales revenues is collected, contributing to national and local advertising initiatives, as well as advancements in operational technology. The company explicitly states that its royalty and marketing fees are "well below the industry average," which can significantly impact the total cost of ownership and enhance unit-level profitability over the long term. This positioning makes The All American Steakhouse an attractive investment for those seeking a premium brand without the premium ongoing fee burden. In a commitment to fostering diverse ownership, The All American Steakhouse also offers a veteran discount of 15% on the initial franchise fee, alongside a discount for women and minorities, promoting inclusivity within its franchisee network. The overarching entity facilitating these opportunities is All American Steakhouse International, Inc., providing corporate backing and a structured framework for growth. These financial parameters position The All American Steakhouse as a significant, yet accessible, investment within the full-service restaurant sector, particularly for experienced operators or well-capitalized business professionals.

The operational model and comprehensive support system offered by The All American Steakhouse are meticulously designed to empower franchisees for success, reflecting the founders' extensive industry experience. For daily operations, the concept hinges on a commitment to quality and efficiency, particularly through its unique in-house butcher model at each location, whose sole responsibility is to age and cut steaks to critical specifications. This allows for superior control over cuts and enables the brand’s signature longer aging processes, ensuring a consistent, high-quality product. Steaks are famously cooked on mesquite wood, adding a distinct flavor profile. Staffing requirements involve a dedicated team to manage the front and back of the house, with specific training mandated for key management personnel, including the general manager, kitchen manager, assistant manager (front of house), and an additional assistant manager. This ensures a deep understanding of the brand's operational standards and customer service philosophy. The initial training program is comprehensive, taking place at the home office and flagship store in Edgewater, Maryland, providing hands-on experience in a live restaurant environment. Beyond this foundational training, an opening training team from the franchisor assists the franchisee for a total of 14 days, comprising 4 days of intensive on-premise training before the VIP grand opening and an additional 9 days of support and refinement after the grand opening. This extended on-site assistance is critical for a smooth launch and to embed best practices from day one. The franchisor's commitment extends to providing ongoing support with "the highest level of honesty, integrity and professionalism," emphasizing the partnership formed with each franchisee as the "foundation of our success." Franchisees benefit from access to the national consumer website, www.theallamericansteakhouse.com, and are provided with their own "Micro site," a powerful digital tool. This micro site enables franchisees to prominently list their location, market special events and promotions tailored to their local community, efficiently collect email addresses for targeted marketing, sell gift cards, facilitate online orders, and ensure their establishment is easily discoverable through the location finder. The territory structure for The All American Steakhouse is designed for protection, guaranteeing at least a four-mile radius or a minimum population of 150,000, thereby mitigating internal competition and fostering market stability for each unit. Ideal locations for a The All American Steakhouse franchise are described as new retail shopping centers, preferably end-cap or free-standing units, ranging from 6,000 to 7,000 square feet. A strategic development in the brand's operating model is its latest prototype: a smaller model of approximately 6,500 square feet. This design innovation is estimated to be $400,000 to $500,000 less to build out than the larger store model, making it more attractive to investors seeking a quicker return on investment, potentially within a three- or four-year timeframe. While 90% of build-out options target traditional retail shopping centers—whether end-cap, free-standing, or in-line—the company also considers non-traditional locations, with 10% of potential sites earmarked for downtown city centers, airports, and stadium complexes, demonstrating flexibility in real estate strategy. The requirement that all food and supplies must be purchased from an approved vendor ensures consistency in quality and leverages the franchisor’s supply chain efficiencies.

For franchise investors, the financial performance of a unit is often the most critical factor, yet The All American Steakhouse explicitly states that "in accordance with FTC franchise law, we are unable to provide this information or to offer any kind of assumption on this matter" regarding how much income a restaurant will generate or the return on investment. This means they do not make financial performance representations (FPRs) in Item 19 of their Franchise Disclosure Document (FDD), a common practice for many emerging or privately held franchise systems. While direct profit margins or average unit revenues are not disclosed, prospective franchisees can glean insights from other available operational figures and strategic positioning. For instance, in 2016, the average per-person ticket at The All American Steakhouse was noted at $18, indicating a healthy average transaction value within the casual dining segment. Further insights into unit-level operations and resilience were provided by franchisee Tony Boyden, owner-operator of The All American Steakhouse and Sports Theater in Ashburn, who discussed the impact of the COVID-19 pandemic in May 2020. He reported a sales decline of about 40% during that challenging period, yet importantly noted a "great amount of business" from carry-out and delivery services, including DoorDash and newly integrated online ordering, which were performing "better than expected." This adaptability highlights the operational flexibility and consumer demand for The All American Steakhouse offerings even under adverse market conditions. Boyden specifically mentioned the popularity of weekend family meal specials, priced at $50, which included a crab dip appetizer and four entrees with eight sides, demonstrating effective menu innovation to drive sales. The core competitive advantage underpinning potential financial performance is The All American Steakhouse’s unique product offering: an in-house butcher at each location who hand-cuts and dry-ages steaks for an extended period of 45 to 70 days. This process is significantly longer than most competitors, who typically age up to 21 days, contributing to superior flavor and tenderness. The company further enhances its value proposition by purchasing Midwestern grain-fed cattle in bulk, a strategy that not only saves money but also facilitates these longer aging processes, translating into a higher quality product at a more accessible price point. The menu is diverse, featuring wet and dry-aged steaks, baby back ribs, fresh salads, chicken, seafood, fajitas, and pasta dishes, catering to a broad customer base. Entree prices range from $9.99 to $29.00 for a substantial 22 oz. T-bone steak, strategically positioning The All American Steakhouse to deliver "Ruth's Chris" quality steak at an "Outback" price. This value proposition, combined with an energetic, sports-themed atmosphere featuring numerous high-definition TVs and projection screens, creates a compelling dining experience that drives customer traffic and repeat business. The brand’s focus on its "5 Cornerstones to Our Success"—People, Community, Value, Quality, Honesty—further suggests an operational philosophy that prioritizes guest and staff well-being, believing that a strong foundation in these areas will ultimately benefit the bottom line. While specific Item 19 financial performance data is not available, these operational details, market positioning, and franchisee testimonials collectively paint a picture of a resilient business model with strong unit-level appeal and strategic advantages.

The growth trajectory of The All American Steakhouse demonstrates a deliberate and measured expansion strategy, focusing on establishing a strong regional presence before broader national development. The company initiated its franchising efforts in the spring of 2016, and by July of that same year, the network had grown to six locations across Maryland and Virginia, comprising five affiliate stores and its very first franchise location. This initial phase of growth quickly progressed, with the network expanding to include five affiliate stores and two franchise locations by February 2017, showcasing early traction in its franchising model. More recent data, reported for 2026, indicates a total of seven units, reflecting continued, albeit steady, growth over time. A franchisee in a 2022 interview provided additional context, noting that the company had five corporate units operating throughout Maryland and Virginia and had commenced franchising approximately two years prior to that interview, aligning with the earlier reported timeline. A significant recent development underscoring the brand's expansion plans is the opening of a new The All American Steakhouse franchise in Manassas Park, Virginia, on July 21, 2025. This new location is part of a downtown revitalization project, with the owner expressing clear intentions to open two additional locations in the area after the initial one stabilizes, signaling confidence in the brand's market appeal and operational viability. The company’s strategic goals articulated in 2016 included securing five area development agreements within 18 months and adding 25 units within five years, a testament to an ambitious yet targeted expansion vision. The All American Steakhouse primarily targets growth in its core Mid-Atlantic region, leveraging existing brand recognition and operational infrastructure. However, the brand is also actively attracting interest from potential investment groups in key growth markets such as South Florida, Tennessee, New Jersey, Pennsylvania, and the Carolinas, indicating a broader geographic ambition. While available territories for franchising are stated to be "All 50 states," and the company believes its concept "will be popular and successful anywhere in the world," the current focus remains on strategic, regional expansion. The competitive moat for The All American Steakhouse is robust, built upon several unique selling points. Foremost among these is its in-house butcher model, which allows for the hand-cutting and dry-aging of steaks for an extended 45 to 70 days, a process significantly longer than the typical 21 days offered by most competitors. This commitment to a superior aging process, coupled with the strategic advantage of purchasing Midwestern grain-fed cattle in bulk, enables the brand to achieve substantial cost savings while delivering an exceptionally high-quality product. This allows The All American Steakhouse to fulfill its promise of serving "Ruth's Chris" quality steak at an "Outback" price point. Furthermore, the brand differentiates itself through a fun, energetic sports-themed atmosphere, complete with numerous high-definition TVs and projection screens, creating an immersive dining experience that appeals to a broad demographic. The menu diversity, encompassing wet and dry-aged steaks, baby back ribs, fresh salads, chicken, seafood, fajitas, and pasta dishes, with entree prices ranging from $9.99 to $29.00 for a 22 oz. T-bone steak, ensures broad consumer appeal. The brand’s "5 Cornerstones to Our Success"—People, Community, Value, Quality, Honesty—are not just slogans but operational principles that guide its approach to team members, community involvement, and guest satisfaction, fostering loyalty and a strong brand identity. This combination of operational excellence, a differentiated product, and a clear growth strategy positions The All American Steakhouse for continued success in a competitive market.

The All American Steakhouse seeks a specific profile for its ideal franchisee, emphasizing experience and a commitment to operational excellence to uphold its brand standards and capitalize on the robust full-service restaurant market. The company explicitly targets experienced restaurant operators and/or seasoned business people as ideal candidates, understanding that prior industry knowledge or strong managerial acumen is crucial for navigating the complexities of restaurant ownership. It is a strict requirement that either the majority owner possesses full-service restaurant experience or the general manager/operations partner has significant full-service restaurant experience, with the latter also having a small vested interest in the business. This ensures that day-to-day operations are overseen by individuals deeply familiar with the nuances of the dining industry, from managing staff and inventory to delivering exceptional customer service. This focus on experienced operators mitigates risk and enhances the likelihood of unit-level success. Protected territories are a key component of the franchise agreement, ensuring that each The All American Steakhouse location benefits from market exclusivity. Territories will be protected to at least a four-mile radius or a minimum population of 150,000, providing franchisees with a defined market area to cultivate their business without direct internal competition. The geographic focus for expansion primarily targets the brand’s core Mid-Atlantic region, where it has established brand recognition and operational support infrastructure. However, the company is actively attracting interest from potential investment groups in other high-growth markets, including South Florida, Tennessee, New Jersey, Pennsylvania, and the Carolinas, indicating a strategic expansion beyond its immediate stronghold. While the company believes its concept "will be popular and successful anywhere in the world," available territories for franchising are stated to be "All 50 states," offering a wide range of opportunities for prospective franchisees across the nation. Ideal locations for a The All American Steakhouse restaurant are described as new retail shopping centers, with a preference for end-cap or free-standing units, typically ranging from 6,000 to 7,000 square feet. This specific real estate profile is chosen to maximize visibility, accessibility, and operational flow. The latest prototype, a smaller model of approximately 6,500 square feet, has been designed to be $400,000 to $500,000 less to build out than the larger store model, aiming to provide a more attractive investment with a targeted three- or four-year return on investment. While 90% of build-out options are concentrated in traditional retail shopping centers (end-cap, free-standing, or in-line), The All American Steakhouse also considers non-traditional venues, with 10% of locations considered for downtown city areas, airports, and stadium complexes, offering flexibility in site selection. The specific term length for the franchise agreement is not available, but standard industry practices typically range from 10 to 20 years, with renewal options contingent on meeting performance and operational standards. This comprehensive approach to franchisee selection and territory development ensures that The All American Steakhouse maintains its brand integrity and supports its partners effectively.

For discerning investors evaluating franchise opportunities within the thriving full-service restaurant sector, The All American Steakhouse presents a compelling investment thesis, grounded in experienced leadership, a differentiated product, and a strategic growth plan. The brand’s foundation, laid by industry veterans George Jones and Brock Anderson with a combined 70 years of experience from major chains, provides a stable and knowledgeable corporate backing. This expertise is evident in the unique operational model centered around an in-house butcher who hand-cuts and dry-ages steaks for an extended 45 to 70 days, a process significantly longer than most competitors' typical 21 days, ensuring a premium quality product. This commitment to quality, coupled with a strategic bulk purchasing of Midwestern grain-fed cattle, allows The All American Steakhouse to offer "Ruth's Chris" quality steak at an "Outback" price point, a value proposition that strongly resonates with consumers and drives repeat business. The full-service restaurant market itself is projected for substantial growth, with the U.S. segment estimated to reach around USD 4.96 billion by 2034 with a CAGR of 4.48% from 2025 to 2034, or even more optimistically, from USD 336.22 billion in 2024 to USD 807.83 billion by 2033 with a CAGR of 10.23%. This robust market environment, fueled by rising disposable incomes and consumer demand for experiential dining, creates a favorable backdrop for The All American Steakhouse franchise opportunity. The brand's competitive ongoing royalty fee of 3% of gross sales and a marketing/technology fee of 0.5% of gross sales, explicitly stated as "well below the industry average," further enhance the unit-level economics for franchisees. With a proven ability to adapt to market challenges, as demonstrated by strong carry-out and delivery performance during the 2020 pandemic, and a clear growth strategy targeting the Mid-Atlantic and other high-potential regions, The All American Steakhouse is well-positioned for sustained success. The company's focus on comprehensive training, ongoing support, and protected territories further strengthens the investment proposition, ensuring franchisees are well-equipped to thrive. To fully assess this opportunity and gain a deeper understanding of its potential, it is crucial to access comprehensive, independent data. PeerSense provides exclusive due diligence data including SBA lending history, FPI score, location maps with Google ratings, FDD financial data, and side-by-side comparison tools, offering a complete picture for informed decision-making. Explore the complete The All American Steakhouse franchise profile on PeerSense to access the full suite of independent franchise intelligence data.

FPI Score

49/100

SBA Default Rate

0.0%

Active Lenders

2

Key Highlights

Low SBA default rate (0.0%)

Data Insights

Key performance metrics for The All American Steakhouse & based on SBA lending data

SBA Default Rate

0.0%

0 of 2 loans charged off

SBA Loan Volume

2 loans

Across 2 lenders

Lender Diversity

2 lenders

Avg 1.0 loans per lender

Investment Tier

Premium investment

$1,500,000 – $2,600,000 total

The All American Steakhouse & — 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

2025

1 approvals — best year on record for The All American Steakhouse &.

Top SBA State

Virginia

2 SBA-financed The All American Steakhouse & locations — the densest operator footprint.

Average Loan Size

$1.2M

Median $1.2M — use as a sizing anchor when modeling your own $The All American Steakhouse & unit.

Lender Concentration

100%

Concentrated

Share of The All American Steakhouse & approvals captured by the top 3 SBA lenders.

The All American Steakhouse &'s SBA lending pipeline peaked in 2025 (1 approvals). The last five fiscal years account for 100% of cumulative volume ($2.4M approved). Operator density is highest in Virginia with 2 SBA-financed locations. Average funded ticket sits at $1.2M, with the median at $1.2M. Lender mix is concentrated: the top three SBA lenders account for 100% of approvals — credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$1.2M
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$15,528

Principal & Interest only

Locations

The All American Steakhouse &unit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

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