The Great Steak & Potato Company franchise was rated one of the worst franchise opportunities in America by Forbes magazine.
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(UnhappyFranchisee.Com) The June 16, 2014 issue of Forbes magazine features their picks for America’s Best And Worst Franchises.
The Great Steak & Potato Company franchise made the Forbes list of the worst franchise opportunities in the $150,001 – $500,000 investment range.
The Forbes ranking for Great Steak & Potato Company included the following assessment:
No. 10 Great Steak & Potato Company
Grills to order classic cheese steaks; serves chili, baked potatoes and other fare.
Average Initial Investment: $350,450
Initial Training Hours: 80
Growth rate: –14%
Franchisor Support: B
Here are the rest of Forbes worst franchises:
Forbes Worst Franchises with $150,001 – $500,000 Investments
(With #1 being the worst)
#1 Dippin’ Dots
Concept: Franchisees sell flash-frozen beads of ice cream, yogurt, sherbet and flavored ice at inline locations, carts and mobile units
#2 Steak Escape
Concept: Franchisees serve cheesesteaks, sandwiches and fresh-cut fries mostly at quickservice food court and airport locations
#3 Commission Express
Concept: Franchisees works as a pay advance for realtors, turning unpaid commissions into cash.
#4 Cookies by Design
Concept: Franchisees turn dough into “cookie bouquets” and gift baskets for holidays and various occasions.
#5 Dream Dinners
Concept: Franchisees teaches in-person meal prep and sell measured ingredients for consumers to take home.
# 6 Avalar
Concept: Franchisees provides training and HR support for expanding real estate and mortgage businesses.
#7 DreamMaker Bath & Kitchen
Concept: Franchisees offer remodeling plans and provides financing in some locations.
# 8 Golf Etc.
Concept: Franchisees operate golf stores that sell and repair golf equipment
#9 Samurai Sam’s Teriyaki Grill (Kahala)
Concept: Franchisees operate quickservice Japanese cuisine in strip center and mall locations
#10 Great Steak & Potato Company (Kahala)
Concept: Franchisees sell cheese steak & potatoes in mall and strip centers quickservice units
See all Forbes Worst Franchises here:
ARE YOU FAMILIAR WITH THE GREAT STEAK & POTATO COMPANY FRANCHISE OPPORTUNITY? DO YOU THINK IT’S ONE OF THE WORST FRANCHISES… OR NOT? SHARE A COMMENT BELOW.
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