Steak 'N Shake
Yes, we actively support the inclusion and development of minority-owned franchises in the Steak 'N Shake system.
Steak 'N Shake
38 S. Pennsylvania St., # 500
Indianapolis, IN 46204
800#:
Tel: (317) 633-4100
Fax: (317) 656-4500
E-mail: brad.manns@steaknshake.com
Web Site: www.steaknshake.com
Contact: Mr. Brad Manns, Vice President Franchising
STEAK N' SHAKE is a unique restaurant concept, serving the mid-scale, casual dining segment of the market with a menu that features steakburgers, thin and crispy french fries and hand-dipped milk shakes. STEAK N' SHAKE offers full wait service with food served on china, 24 hours a day.
Franchisor Background
Established: 1934
First Franchise: 1939
Franchise Units: 51
Company-Owned Units: 403
Total Units: 454
Distribution:
> North America -- Operations in 20 States
> States/Provinces with Greatest Density: 77 in FL, 66 in IN, 64 in IL
Units Owned by Minorities:
>African-American: 0
>Hispanic: 0
>Asian-American: 0
>Native American: 0
>Other:
Average Number of Employees: 20-25 FT, 30-40 PT (FT = Full Time, PT = Part Time)
Space Needs: 4,180 SF; FS
(for abbreviations click here)
Financial Requirements
Cash Investment: $500K
Total Investment: $1.5-2.78MM
Average Total Investment: $2140K
Minimum Net Worth: $1.5MM
Fees
>Franchise: $40K 1st
>Average Franchise Fee: $40K
>Royalty: 4%
>Advertising: 5%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20/20
Passive Ownership: NR
Area Development Agreements:Yes/3-6
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: No
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 170
On-Going Support: C,D,E,H,I (for an explanation click here)
Training: 8 Weeks for Managers at Operating Steak n' Shake; 1,152 Hrs. for Staff at First Store.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: NE, Mid-Atlantic, Great Plains, CO, SE
Note: NR = No Response by Franchisor.
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