Steak 'n Shake Franchise Review

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 $40,000, with a total initial investment range of $1,657,000 to $2,328,000.

  • Initial Franchise Fee: $25,000 to $40,000
  • Total Investment: $1,657,000 to $2,328,000
  • Working Capital: $26,000 to $45,000
  • Royalty Fee: 6%

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 2018 Franchise Disclosure Document, there are 185 franchised Steak 'n Shake locations in the USA.

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

Based on 2018 FDD data, Steak 'n Shake has franchise locations in 27 states. The largest region is the South with 117 franchise locations.

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


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: 2018

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

Steak 'n Shake Franchise Stats

Total Investment
$1,657,000 - $2,328,000
Franchise Fee
$25,000 - $40,000
Franchise Agreement
Initial Term
20 Years
Renewal Term
5 Years
Franchisee Outlet Growth
2010
71
2017
173
Ongoing Fees
Royalty
5.5%
Ad Fees
4.0%
# of Franchised Outlets
173

Additional Questions

Do they provide any initial training and opening assistance?

Yes, they have an initial training program of 2769 hours. This includes 379 hours of classroom training and 2390 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 2390
Classroom 379
Total 2769

Do they offer Territory Rights?

Steak 'n Shake does NOT offer exclusive territories.

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 2009.

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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