Do you want to start a restaurant by buying Steak & Shake franchise? If YES, here is how much it cost to open a Steak and Shake franchise and the requirement. Steak ‘n Shake Operations, Inc. (doing business as Steak ‘n Shake) is an American casual restaurant chain concentrated primarily in the Midwestern with locations also in the South, Mid-Atlantic and Western United States, Europe, and the Middle East.

Typical restaurant locations have sit-down, drive-thru and front-window service, resulting in a hybrid of fast-food to-go service and diner-style sit-down service. Many Steak ‘n Shake restaurants are open 24 hours a day, seven days per week. The menu features primarily burgers and hand-dipped milkshakes, though other entrees, side items, and drinks are also available.

Today, Steak ‘n Shake restaurants are located in Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Nebraska, Nevada, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Washington DC, and West Virginia.

Types of Steak and Shake Franchises Available

Please note that Steak ’n Shake® has alternatives to build out a new restaurant franchise, a range of investment options and floor plans: conversions, existing in-line space, and full ground up construction are all ways to build your new successful restaurant.

The new Steak ‘n Shake design entertains guests by providing the theater to showcase the production of their famed made-to-order Steakburgers and tasty hand-dipped milkshakes. Conversion opportunities exist to develop a Classic restaurant franchise location.

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Limited-Menu, In-Line Burger Franchise Concept

This new format provides prospective franchisees with the opportunity to own a Steak ’n Shake restaurant franchise at a less costly investment, smaller footprint, and a more simplified operation centered on limited menu items. This new more rapid counter service model is ideal for lifestyle centers, universities, shopping centers and urban centers.

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Non-Traditional Restaurant Franchise Development

Unique restaurant franchise development opportunities exist to serve captive audiences in airports, train stations, toll plazas, casinos, and other venues where there are hungry Steak ‘n Shake lovers.

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Financial Requirements and How Much It Cost to Buy Steak and Shake Franchise

The estimated investment required to open a Steak n Shake Franchise is between $672,000-$1,835,000. There is an initial franchise fee of ,000-,000 which grants you the license to run a business under the Steak n Shake name.

Individual Unit Costs

Steak ‘n Shake Classic Restaurant Franchise: $1,375,000 – $2,135,000

Limited-Menu, In-Line Burger Franchise In-Line: $475,000 – $1,385,000

Non-Traditional Franchise: $250,000 – $750,000

How to Apply and Get Steak and Shake Franchise

If you are cool with the requirements and finance involved in acquiring this franchise, then you need to follow these steps;

Benefits You Stand to Gain When You Purchase a Steak and Shake Franchise include;

  • Support

Unparalleled Operations Support – A Steak n Shake Manager of Field Operations will help you open your restaurant and will be available for consultation with day-to-day operations. To help ensure a smooth restaurant opening experience, Steak n Shake will provide your first training hours via seasoned Steak n Shake trainers/staff.

You will also receive their Operating Standards System, Manager-in-Training and Management Development Programs. Through your Manager of Field Operations, you will have the multi-functional resources of the Steak n Shake Company working on your behalf.

  • Marketing

World Class Marketing – The Steak n Shake marketing is directed toward building brand loyalty and is not price-driven or reliant on low price discounting. Steak n Shake’s television and print marketing are product-benefit directed, showing why Steak n Shake is superior to fast food alternatives with a fun, irreverent, tongue-in-cheek humorous approach.

Sample television spots are available on this website for your viewing pleasure. The Marketing System is user-friendly and designed for the success of Franchisees. Other benefits are;

  • Proven Concept – The Steak n Shake concept has withstood all types of economic circumstances and continually emerged stronger and stronger.
  • Growing – Since 1996, Steak n Shake system-wide sales have grown from $268 million to $549 million. In the past decade, the chain has doubled in size.
  • Huge, Untapped Development Potential – Steak n Shake currently operates over 490 restaurants in just 20 states. Looking ahead, we forecast that Steak n Shake has the potential to develop over 1,000 units nationwide.
  • Unique Niche Positioning – There is no single offering that is a head-on alternative to their restaurant concept. Steak n Shake serves a distinct niche in the mid-scale, casual dining segment of the restaurant industry.
  • Core Products that Generate a Strong Loyal Following – The core of the Steak n Shake menu includes STEAKBURGERS, thin and crispy French Fries, Chili, and Hand-dipped Milk Shakes.
  • Product Development – Steak n Shake has a pipeline of new products that build on core products consumers love. Recent innovations have included new Side-by-Side Milkshakes and Sippable Sundaes.
  • Future innovations will include more milkshake innovation, burger news, and health conscious offerings.
  • Oversee all aspects of a 24-hour restaurant
  • Ensure that their patrons are served the highest quality burgers and shakes along with extending them great service
  • Are a “hands on” leader
  • Are a results-oriented self-starter
  • Have a servant heart committed to improving the lives of others
  • Become a Franchise Partner with minimal investment
  • Earn 50% of restaurant profits
  • Guaranteed Minimum $100k First Year*
  • Established Company Restaurants
  • Guaranteed Minimum $100k First Year*
  • Turnkey system to assist new and seasoned restaurant Operating Partner franchisees in managing and operating their restaurants
  • On the job extensive training
  • Day-to day operations of Steak ‘n Shake Restaurant prior to becoming a franchisee
  • Support for ongoing, field-based operations
  • Proprietary operations and administration tools
  • Creative and powerful marketing support