What are the Steak ‘n Shake franchise basic terms?
The term of a Steak ‘n Shake franchise agreement is 20 years, plus a 20-year renewal option. The franchise fee is $40,000 and the investment is from $955,000 to $1,835,000. Royalty fees are five and a half percent (5.5%) and marketing fees are four percent (4%).
Does Steak ‘n Shake offer financing?
Steak ‘n Shake can provide financing information and referrals to finance companies with expertise in franchise financing.
What are the minimum net worth and liquidity requirements to become a franchisee?
In order to invest in the Steak ‘n Shake restaurant franchise opportunity, the minimum liquidity requirement is $500,000 and the minimum net worth requirement is $1,000,000.
How much land does a Steak ‘n Shake require?
A standard layout for a Steak ‘n Shake restaurant requires approximately one acre.
What if I don’t have restaurant or retail experience?
If you do not have previous experience, we require you to find an operating equity partner with restaurant or retail experience.
Am I required to reside in or near the area I am interested in developing?
Yes, either you or an equity operational partner must reside in the markets in which you choose to operate.
Does Steak ‘n Shake offer a training program?
Yes. New franchisees are provided with a twelve-week, comprehensive training program that consists of in-restaurant training and classroom instruction. The training covers leadership development, restaurant management skills, food safety and overall business development.
Will Steak ‘n Shake assist me in finding a location?
We require that you use our designated exclusive broker to assist you in identifying a site for your Restaurant (excluding Non-Traditional locations) regardless of whether you have already engaged the services of a local broker. You are not required to pay any fees for the broker’s services; however, the broker will be entitled to a commission from your lease or purchase of the location of your restaurant to be paid by the landlord or seller. If you currently operate fifteen (15) or more Restaurants or previously signed an Area Development Agreement with us which is still in effect, you are exempt from this requirement, but you may elect to use our designated exclusive broker. We also provide referrals to professional architects to help you develop your location.
Does Steak ‘n Shake franchise by location or by area?
Steak ‘n Shake franchises by both location and area.
How much money will I make?
The potential profitability for each restaurant may vary depending upon size and location, in addition to your business ability and efforts.
What kind of franchise support can I expect from Steak ‘n Shake?
As a Steak ‘n Shake franchisee, you will receive:
A comprehensive training program- Ongoing support from experienced operations, marketing and
real estate professionals - Regional advertising
- A national purchasing program to help you maximize economy,
efficiency and profitability - A research and development team who works to create products
your customers want - Architectural, construction and engineering assistance
- Marketing materials including radio and TV commercials,
newspaper ads, direct mail, coupon books, promotional posters
and signage that can be customized for your local area - Associate recruiting manual and training materials.
What do I need to do to begin the process of becoming a Steak ‘n Shake franchisee?
Complete and submit the online Request Form or call: Steak ‘n Shake Franchise Sales Department at (877) 747-5329.
What is Steak ‘n Shake Signature?
Steak ’n Shake Signature is a new format that provides prospective franchisees with the opportunity to own a Steak ’n Shake at a less costly investment, smaller footprint, and a more simplified operation centered on signature menu items. This new more rapid counter service model is ideal for shopping centers.
What are the minimum financial requirements for a Signature concept franchisee?
The minimum liquidity requirement is $200,000 and the minimum Net Worth requirement is $400,000 for the Signature concept Steak ‘n Shake restaurant.
What are the general costs for a Signature concept location?
In-Line costs range from $672,500 - $910,500. Non-traditional costs range from $458,000 - $612,000. Royalty fees are five and a half percent (5.5%) and marketing fees are between one to four percent depending on location (1-4%).
What do I need to do to begin the process of becoming a Steak ‘n Shake franchisee?
Complete and submit the online Request Form or call a Steak ‘n Shake Franchise Sales Associate at (877) 747-5329.
Interested in franchising a
Steak 'n Shake restaurant of your own? Click here to receive your kit!
There are two kinds of people in the world - people who love Steak 'n Shake and people who don't yet know Steak 'n Shake.
Michael Gaughan
Las Vegas, NV
Las Vegas, NV
