Cool Hand Luke's Steakhouse/Saloon franchise: cost, fees & unit track record
Opening a Cool Hand Luke's Steakhouse/Saloon franchise takes $365,000 – $990,750 all-in, per its franchise disclosure filings (data as of 2026-05). The initial franchise fee is $50,000. Ongoing, franchisees pay a royalty of 5% on sales plus an ad-fund contribution of up to 1%. Anything the filings do not state is marked "Not disclosed" below — never estimated.
Cool Hand Luke's Steakhouse/Saloon franchise costs and fees
| Verification mark | Cost item | Low | High | Range |
|---|---|---|---|---|
| Initial franchise feeOne-time, paid to the franchisor at signing | $50,000 | $50,000 | $50,000 | |
| Initial investment (all-in)FDD Item 7-derived range: build-out, equipment, opening costs | $365,000 | $990,750 | $365,000 to $990,750 | |
| Net worth requiredFranchisor's stated qualification minimum | Not disclosed1 | Not disclosed1 | ||
| Liquid cash requiredFranchisor's stated qualification minimum | Not disclosed1 | Not disclosed1 | ||
| Cash to open (all-in range) | $365,000 | $990,750 | $365,000 to $990,750 | |
- 1 "Not disclosed" means Cool Hand Luke's Steakhouse/Saloon's filings do not state this figure. We publish the gap instead of estimating it.
| RoyaltyOngoing, % of sales | 5% |
|---|---|
| Ad fundOngoing, % of sales | Up to 1% |
| Initial termLength of the first franchise agreement | 15 years |
How Cool Hand Luke's Steakhouse/Saloon's cost compares
A dollar figure means more with a yardstick. Here is where Cool Hand Luke's Steakhouse/Saloon's disclosed cost sits against the Food & Beverage category:
- Minimum startup cost of $365,000 — about 1.3× the Food & Beverage median of $282,500.
- Initial franchise fee of $50,000 — about 1.4× the Food & Beverage median of $35,000.
Category medians are computed from the Food & Beverage brands in our data that disclosed each figure — a benchmark for scale, not a quality judgment. See all Food & Beverage franchises
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How Cool Hand Luke's Steakhouse/Saloon's units have held up
Openings and closures from FDD Item 20-style unit history, 2013–2017: began the window at 0 units; 0 units opened, 0 closed, ending at 5 units.
What about earnings?
We don't publish per-brand earnings figures — for Cool Hand Luke's Steakhouse/Saloon or anyone else. The only primary source is Item 19 of the brand's own franchise disclosure document (FDD), and no law requires a franchisor to publish one, so the "average owner income" numbers circulating elsewhere are usually unsourced or survivorship-biased. Ask Cool Hand Luke's Steakhouse/Saloon for its current FDD and read Item 19 yourself — and if there is no Item 19, that silence is information too.
What this data can't tell you
Everything on this page comes from disclosure filings — fees, ranges, and unit counts. Four questions that matter just as much are not in any filing we can source, so we say so instead of guessing:
- The hours and the labor
- No dataset field says whether Cool Hand Luke's Steakhouse/Saloon is a manage-from-a-laptop business or a 60-hour week in disguise. Item 15 of the FDD states whether you're obligated to run the business personally, and Item 11 lists what the franchisor actually does for you — then ask current owners what their week looks like (validation calls), not the sales team.
- How hands-on the ownership really is
- "Semi-absentee" is a pitch, not a filing field. Treat any hands-off claim as unverified until it's consistent with Item 15 and with what multiple current franchisees tell you — what absentee ownership actually means.
- Your territory — whether it's protected, and whether it's open
- Two territory questions sit outside our data. Whether Cool Hand Luke's Steakhouse/Saloon grants a protected or exclusive area is set in Item 12 of the FDD and varies brand to brand — some grant none, and the carve-outs (online sales, national accounts) matter as much as the map. And filing data can't say what's open in your market this month; only Cool Hand Luke's Steakhouse/Saloon can confirm current availability. Ask both before you inquire, and get the answer in writing.
- What owners earn
- Covered honestly above: our dataset has no earnings fields, the only primary source is the brand's own Item 19, and here is how to read that evidence.
About the Cool Hand Luke's Steakhouse/Saloon franchise
Cool Hand Luke's Steakhouse/Saloon is a food & beverage franchisor with 5 units at the end of 2017 (FDD Item 20-style unit history). Between 2013 and 2017, it began the window at 0 units; its filings record 0 unit openings and 0 closures, ending at 5 units. Its parent company is Heritage Restaurant Brands, LP.
No franchise-related lawsuits reported in the disclosure data we hold (FDD Item 3, as of 2026-05) — an absence in our sources, not a guarantee; confirm against the brand's current FDD.
From the franchisor's materials
The franchised business is a restaurant business serving lunch, dinner and alcoholic beverages during the hours of 11:00 A. M. to 9:00 P. M., or such other hours as agreed to with the Franchisor.
Cool Hand Luke's Steakhouse/Saloon franchise: quick answers
- How much does a Cool Hand Luke's Steakhouse/Saloon franchise cost?
- $365,000 – $990,750 all-in to open, per Cool Hand Luke's Steakhouse/Saloon's franchise disclosure filings (data as of 2026-05).
- How many Cool Hand Luke's Steakhouse/Saloon units are there?
- 5 units at the end of 2017 (FDD Item 20-style unit history).
- How have Cool Hand Luke's Steakhouse/Saloon's units held up?
- 100% of units at risk between 2015 and 2017 did not close, per our metric recomputed from FDD Item 20-style unit history (methodology published on our verification page).