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Steak 'n Shake Franchise Review

Steak 'n Shake is graded based on our most recent research.

Franchise Facts

Founded in 1934, in Normal, Illinois, Steak 'n Shake has strived to serve the finest burgers and shakes in the business. It is a pioneer in the concept of premium burgers and milkshakes.

How much does a Steak 'n Shake franchise cost?

Steak 'n Shake has a franchise fee of up to $25,000, with a total initial investment range of $1,476,250 to $2,420,500.

  • Initial Franchise Fee: $25,000
  • Total Investment: $1,476,250 to $2,420,500
  • Working Capital: $15,000 to $20,000
  • Royalty Fee: 5.5%

The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.

How much does a Steak 'n Shake franchise make?

Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.

How many franchise locations do they have?

As of the 2020 Franchise Disclosure Document, there are 183 franchised Steak 'n Shake locations in the USA.

Are there any Steak 'n Shake franchise opportunities near me?

Based on 2020 FDD data, Steak 'n Shake has franchise locations in 25 states. The largest region is the South with 99 franchise locations.

AL
AR
AZ
CA
CO
DE
FL
GA
IL
IN
KS
KY
LA
MD
MO
MS
NE
NV
OH
OK
PA
TN
TX
VA
WA


This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand. Unlock to learn more and connect with our experts.

Last Reviewed: 2020

Category: Burgers

Steak 'n Shake Franchise Stats

Total Investment
$1,476,250 - $2,420,500
Franchise Fee
$25,000
Franchise Agreement
Initial Term
20 Years
Renewal Term
5 Years
Franchisee Outlet Growth
2014
126
2019
183
Ongoing Fees
Royalty
5.5%
Ad Fees
4.0%
# of Franchised Outlets
183

Additional Questions

Do they provide any initial training and opening assistance?

Yes, they have an initial training program of 136 hours. This includes 64 hours of classroom training and 72 hours of on-the-job training. In their FDD they outline who’s in charge of the training. Unlock to find out more.

Online 0
On-the-Job 72
Classroom 64
Total 136

Do they offer Territory Rights?

Steak 'n Shake offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.

Do they have computer and technology support in place?

Yes. Steak 'n Shake offers comprehensive support for franchisees. Unlock this franchise to find out more details.

When did they begin franchising?

They began franchising in 1939. The average Burgers franchise began franchising in 2008.

Do they offer financing support?

No, but you can click here to fill out our affordability calculator and understand your financing options.
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