Hamburgers
Steak N Shake Non Trad
Indianapolis, IN · Founded 1934 · SNSN
Steak 'n Shake's principal business is the operation and development of a chain of quick-service restaurants specializing in premium burgers and milkshakes. The franchisor offers qualified employees and third parties the opportunity to acquire and operate existing company-owned Steak 'n Shake restaurants as franchises under the Steak 'n Shake system.
2026 Franchise 500
Unranked
272
units (2025)—
year over yearUnits by Year
3192022
3122023
2842024
2722025
Total outlets at year end, from FDD Item 20.
The Investment
Initial investment
$259,336 – $997,942
FDD Item 7
Franchise fee
$10,000
FDD Item 5
Ad fund
—
FDD Item 6
Financial performance
Yes
FDD Item 19 disclosure
Royalty
1% of Gross Receipts
Leadership
Sardar Biglari
Chairman & Chief Executive Officer
Steven L. May
Chief Administrative Officer
On File
Franchisee records
196
Current roster rows
Signed, not open
—
FDD Item 20, Table 5
Franchising for
91 yrs
Franchise Disclosure Documents
Also in Hamburgers
More in Food: Quick-Service Restaurants→Read from this brand's Franchise Disclosure Documents. FDD library maintained by AskTy; figures are as filed by the franchisor.