Steak n Shake Enterprises Inc.

Steak n Shake Enterprises Inc.

Not Ranked

Initial Investment

LOW: $672,000
HIGH: $1,835,000

Change in Units

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Company Profile

Founded

1934

Franchising Since

1945 (71 Years)

Corporate Address

107 S. Pennsylvania St., #400 Indianapolis, IN 46204

CEO

Sardar Biglari

Parent Company

Consolidated Products Inc.

Ticker Symbol

About Steak n Shake Enterprises Inc.

Gus Belt opened the first Steak n Shake in 1934 in the town of Normal, Illinois. Franchising began in 1945. The menu consists of the company's signature steakburgers (which Belt used to grind from round, sirloin and T-bone steaks right in front of his customers) and hand-dipped milk shakes, along with sandwiches, hot dogs, salads and sides.

Financials

Financial Requirements

Initial Investment

$672,000 - $1,835,000

Net-worth Requirement

$1,500,000

Liquid Cash Requirement

$500,000

Ongoing Fees

Initial Franchise Fee

$25,000 - $40,000

Ongoing Royalty Fee

5.5%

Ad Royalty Fee

4%

Financing Options

Steak n Shake Enterprises Inc. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment

Franchise 500® Rank History

  • 2006 - 215
  • 2007 - 298
  • 2013 - 150

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
See List

Operations & Franchisor Support

Training Onsite: 1,152 hours

Additional Training: Manager training

Ongoing Support
Meetings
Grand Opening
Security
Field Operations

Marketing Support
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 60 - 80

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: May 15th, 2015

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