Business Description

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

Year Established:  1934

Franchising Since:  1939

Operating Units:
Franchised Units:	51	11.2%
Company-Owned Units:	403	88.8%
Total Operating Units:	454	100.0%
Geographic Distribution: U.S.: 454 100% In 14 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 454 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Florida	77
2. Illinois	64
3. Indiana	66

Registered in Following Registration States: California, Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin

Financial Requirements

Investment:
Minimum Net Worth:	$1.5MM
Cash Investment:	$500K
Total Investment:	$1.5-2.78MM
Average Total Investment:	$2140K
Fees:
Initial Franchise Fee:	$40K for 1st, 35K for 2nd, 30K for each after
Average Franchise Fee:	$40K
On-Going Royalty:	4%
Average Royalty:	4%
Advertising Fee:	5%

Average Number of Employees: 20-25 Full-time, 30-40 Part-time

Space Needs (in square footage): 4180

Preferred Sites: Free-standing Building

Other Sites:

Encourage Conversions? No

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	4
General Business Experience:	4
Specific Industry Experience:	5
Formal Education:	3
Psychological Profile:	3
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	20 Year(s)
Term of Renewal Period:	20 Year(s)
Passive Ownership:	Not Allowed
Area Development Agreements?	Yes, for 3 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	170
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	No
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Not Applicable
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Managers Operating Steak n' Shake	8 Weeks
2. Staff For 1st Store	1152 Hours
3. Staff For 2nd Store	760 Hours
Expansion Plans
Projected New Units Over Next 12 months: 45 U.S.: Yes, Midwest, Southeast, Mid Atlantic, KS, CO Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Steak N Shake.