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Steak 'n Shake

Steak ‘n Shake is a chain of quick-serve restaurant serving three premium products: steakburgers, milkshakes and fries and offering a variety of franchise options.

Cash to Start
$500,000
Total Investment
$250k - $2.1M
Minimum Net Worth
$1,500,000
Financing Available
Yes
Training Provided
Yes

Steak 'n Shake

Cash to Start
$500,000

Steak 'n Shake Quick Facts

Franchising Since 1939

Total Number of Units 266

Company-owned Units 272

Initial Franchise Fee $10,000

Steak 'n Shake Quick Facts

Franchising Since

1939

Total Number of Units

266

Company-owned Units

272

Initial Franchise Fee

$10,000

Who we are

Steak ‘n Shake is a chain of quick-serve restaurants, and its menu offerings include three premium products: steakburgers, milkshakes and fries. The burgers are made from high-quality meat and lack preservatives, hormones and antibiotics. The milkshakes are hand-dipped with real ice cream and real milk, and the fries are cooked to order from potatoes just harvested. The chain has locations in 28 states, and most U.S. states are completely or mostly available for further development.

The company uses three restaurant models. The first, classic, features a full menu and drive-through. It is open seven days a week, 24 hours a day. Its dining area seats 99. The second type of restaurant, in-line, has a limited menu with at least 40 seats and, when possible, a drive-through. This type is commonly in locations such as universities and malls. The third restaurant type is nontraditional. You find them in train stations, airports, casinos and the like. They share common seating areas with other establishments.

Why choose Steak 'n Shake?

Potential Steak ‘n Shake franchise owners have a unique opportunity. They can become franchise owners the traditional way, starting a new restaurant from scratch, or hop aboard with a low franchise fee of $10,000 for taking over a company-owned restaurant. Steak ‘n Shake has about 400 company-owned restaurants it wants to become franchisee-owned, with individual owners for each store. The hope is that a hands-on, involved approach will help the chain rebound more quickly from recent issues.

For the low $10,000 fee, franchisees have to complete a six-month training period and get 50 percent of the restaurant’s profits in the end. CEO Sandar Biglari says, “I started my company with $15,000 and built a thriving enterprise. I want to provide an opportunity to other entrepreneurs who are highly motivated to excel but lack the financial means. What will be important to become a franchisee is not great capital but great ability. We are seeking to harness the power of entrepreneurs and to create a company of owners.”

If you’d like to go the traditional way, Steak ‘n Shake touts these additional benefits: longevity, brand strength, varied franchise types, franchise support and customer value.

Who we're looking for

Steak ‘n Shake lists three requirements for franchise owners: a passion for excellence, a commitment to high performance and high results, and enthusiasm for superior customer service. The company is especially looking for people who are excited about the possibility of becoming full-time, hands-on owner/managers of their individual restaurant.

Training and Support

Extensive training includes in-restaurant training and education on hiring employees and managing day-to-day operations.

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