Steak n Shake

Founded: 1934 Franchising since: 1945

36 S. Penn. St., #500 Indianapolis, Indiana 46204

Phone: (317)633-4100

Franchisor has 160 employee(s); 6 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2006	46	0	0	424
2005	46	0	0	405

Where Seeking Franchisees
In the U.S. Northeast, South, Southeast, Southwest, United states, West

Exclusive territories available.
Territory size: Designated market area

Total investment: $1.3M-3.2M Franchise fee: $40K

Ongoing royalty fee: 4% Term of agreement: 20 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $1.5M
Cash liquidity requirement: $500K
Business Experience:

• Industry experience

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)

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

Franchise 500® rank:
#298 (2007); #215 (2006); #196 (2005);

Ranked #1 in category in:
2005;