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Steak 'N Shake
38 S. Pennsylvania St., # 500
Indianapolis, IN 46204
800#:
Tel: (317) 633-4100
Fax: (317) 656-4500
E-Mail: [email protected]
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:
U.S. -- 454;
Canada -- 0;
International -- 0
-North America -- Operations in 20 States
-States/Provinces with Greatest Density: 77 in FL, 66 in IN, 64 in IL
Projected New Units Over Next 12 months: 45
Franchisee Qualifications: 4, 4, 5, 3, 3, 5
(Click here for an explanation)
Registered in Following Registration States: CA,FL,IL,IN,MD,MI,NY,ND,RI,SD,VA,WA,WI (Click here for an explanation)
Average Number of Employees: 20-25 FT, 30-40 PT (FT = Full Time, PT = Part Time)
Space Needs: 4,180 SF; FS
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $500K
Total Investment: $1.5-2.78MM
Average Total Investment: $2,140.0K
Minimum Net Worth: $1.5MM
Fees:
-Franchise: $40K 1st
-Average Franchise Fee: $40.0K
-Royalty: 4%
-Average Royalty: 4.0%
-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
Financial Assistance: No
Cooperative Advertising: No
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 170
On-Going Support: C,D,E,H,I (Click here for an explanation)
Training: 8 Weeks for Managers at Operating Steak n' Shake; 1,152 Hrs. for Staff at First Store.
Franchisor's Specific Expansion Plans
U.S.: NE, Mid-Atlantic, Great Plains, CO, SE
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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