How Much Does It Cost to Own a Steak n Shake's Franchise?
Steak n Shake — Active member of the restaurants (sit-down) industry since 1934
Owning a Steak n Shake restaurants (sit-down) franchise can be a business, but it does have some initial financial requirements. To open a single hamburger specialty restaurant location, the company requires that potential franchisees have liquid assets of at least $955,000.
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About Steak n Shake
For over 75 years, Steak 'n Shake's name has been symbolic of its heritage. The word "steak" stood for STEAKBURGER. The term "shake" stood for hand-dipped MILK SHAKES. Gus Belt was determined to serve his customers the finest burgers and shakes in the business. To prove his point that his burgers were exceptionally prime, he would wheel in a barrel of steaks (including round, sirloin, and T-bones) and grind the meat into burgers right in front of the guests. Hence arose the origin of our famous slogan, "In Sight It Must Be Right."
Steak n Shake is not currently accepting new franchise inquiries through this site. Please see our comprehensive directory for currently available franchises near you.
| Investment Level | $955,000 |
| Franchise Fee | $40,000 |
| Category | Food |
| Agreement Term | 20 years |
| Royalties | FLAT |
| Incorporated Name | Steak N Shake Enterprises, Inc. |
| Business Type | Franchise |
| Year Founded | 1934 |
| Franchising Since | 1991 (29 years) |
| Industry | Restaurants (Sit-Down) |
| Industry Subcategory | Hamburger Specialty Restaurant |
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