Steak n Shake Enterprises Inc.
Steakburgers & milkshakes
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Steak n Shake Enterprises Inc.
Steakburgers & milkshakes

About
Founded

1934

Franchising Since

1945 (74 Years)

Corporate Address

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

CEO

Sardar Biglari

Parent Company

Consolidated Products Inc.

Ticker Symbol

BH

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

Support Options
Ongoing Support

Meetings/Conventions

Grand Opening

Security/Safety Procedures

Field Operations

Marketing Support

Ad Templates

Regional Advertising

On-The-Job Training:

1,152 hours

Additional Training:

Manager training

Absentee Ownership Allowed
Number of Employees Required to Run:

60 - 80

Bio
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.
Cost
Initial Investment: Low - $672,000 High - $1,835,000
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new units internationally.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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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