Steak n Shake
At a Glance
Products & Services: Steakburgers, fries, milkshakes
Number of Locations:
Total Investment: $1.3M - 3.2M
Founded: 1934
Began Franchising: 1945
Startup Costs, Ongoing Fees and Financing
Total Investment: $1,300,000 - $3,200,000
Franchise Fee: $40,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years, renewable
Franchise Fee: $40,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $1,500,000
Liquid Cash Available: $500,000
Operations
94% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 60 - 80. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: At franchisee's location: 1,152 hours. Manager training : 8 weeks & 24 weeks.
Ongoing Support: Meetings, Grand opening, Security/safety procedures, Field operations/evaluations,
Marketing Support: Ad slicks, Regional advertising,