Steak n Shake (Traditional Franchise Program) FDD – Franchise Information, Costs and Fees
Type of Business
As a franchisee, you will own and operate a Steak n Shake By Biglari Restaurant.
Corporate Information
Steak n Shake Enterprises, Inc was incorporated in Indiana on December 9, 2005 and is a wholly-owned subsidiary of Steak n Shake Inc., previously known as “Steak n Shake Operations, Inc.” prior to a name change effective October 28, 2015. Until December 2005, their parent sold Steak n Shake franchises but, in connection with a reorganization, their parent transferred the franchise business to SNS Enterprises which is the only entity that franchises Steak n Shake By Biglari Restaurants in the United States. Their principal business address is 107 South Pennsylvania St., Suite 400, Indianapolis, Indiana 46204.
Investment
The total investment necessary to begin operation ranges from $155,970 to $2,340,385 for a Steak n Shake by Biglari Restaurant. These totals include approximately $25,000 to $35,000 that must be paid to the franchisor or their affiliates. If you sign an Area Development Agreement, you will pay the franchisor a Per Unit Deposit of $20,000 to $25,000 per location (applicable to the Franchise Fee) and a Territory Fee of $0 to $20,000 per location, which amounts are multiplied by the number of restaurants you will develop.