Question 1

Does Great Steak franchise offer exclusive territory?

Accepted Answer

Great Steak offers None territory protection to its franchisees. This means other franchisees may be permitted to open locations near yours.

Question 2

What is the Great Steak franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Great Steak is 10 years. Franchisees may renew up to 1 time for 5-year periods. The total potential term is 15 years.

Question 3

What is the non-compete clause for Great Steak franchise?

Accepted Answer

The Great Steak franchise non-compete clause extends for 2 years within a 10-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Great Steak franchise?

Accepted Answer

Yes, Great Steak allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $7,500 applies.