Seven Steps of Franchising

Benefits of Franchising

FAQs

Franchise Opportunities by State

Preliminary Information Form

 

Frequently Asked Questions

• What are the basic requirements to be considered for an award
of a Steak n Shake Franchise?

       • Successful multi-unit restaurant or retail operations experience
       • Net worth greater than $1.5 million
       • Liquid assets greater than $500,000
       • Ability to develop free standing restaurant

• What if I don't have the required operations experience?
We require you to find an operating equity partner with successful multi-unit restaurant or retail experience before we complete a formal application.

• Does Steak n Shake offer financing?
Yes, in some cases Steak n Shake will consider purchasing the necessary land and building and leasing it back to you. However, in most cases you must have the financial capacity to develop a free-standing restaurant.

• What markets are available for franchising?
For a more detailed listing of our franchise opportunities by state, please click here.

• How much land is required?
Typically, a standard layout requires one commercial acre (approx. 43,500 sq. ft.).

• How do I begin the process of being considered for an award
of a Steak n Shake franchise?

Complete and submit the online Preliminary Information Form.

• How much is the initial franchise fee?
It is currently $40,000 for the first restaurant, $35,000 for the second restaurant and $30,000 for each subsequent restaurant, although these amounts are subject to change in the future.

• What are the fees?
The current royalty fee is 1% of gross receipts and the service fee is 3% of gross receipts, both due monthly.

• What are the advertising/marketing fees?
The advertising/marketing fee is currently 5% of gross receipts, due monthly to a central fund.

• How long is the term of the Franchise Agreement?
20 years.

The information contained here is solely for informational purposes and is not an offer to purchase or sell a Steak n Shake franchise.

     
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