Steak n Shake Franchise
Friday, April 30, 2010 at 12:53PM Steakburgers, fries, shakes
Benefits of Franchising
The benefits of franchising with Steak n Shake can't be duplicated:
• Proven Concept - The Steak n Shake concept has withstood all types of economic circumstances and continually emerged stronger and stronger.
• Growing - Since 1996, Steak n Shake system-wide sales have grown from $268 million to $549 million. In the past decade, the chain has doubled in size.
• Huge, Untapped Development Potential - Steak n Shake currently operates over 490 restaurants in just 20 states. Looking ahead, we forecast that Steak n Shake has the potential to develop over 1,000 USD units nationwide.
• Unique Niche Positioning - There is no single offering that is a head-on alternative to our restaurant concept. Steak n Shake serves a distinct niche in the mid-scale, casual dining segment of the restaurant industry.
• Core Products that Generate a Strong Loyal Following - The core of the Steak n Shake menu includes STEAKBURGERS™, thin and crispy French Fries, Chili, and Hand-dipped Milk Shakes.
• Product Development - Steak n Shake has a pipeline of new products that build on core products consumers love. Recent innovations have included new Side-by-Side™ Milkshakes and Sippable Sundaes™. Future innovations will include more milkshake innovation, burger news, and health conscious offerings.
All of these benefits equal a great chance at success in the restaurant business. The only thing missing is you.
Start-up Costs & Franchises Fees
What is the total cost to open a Steak n Shake Franchises?
Total Cost: $1,400,000 USD -$2,500,000 USD
Total Franchise Fees: $40,000 USD
Ongoing Royalty Fees: 4%
Ongoing Advertising Fees:
Contact Information for Steak n Shake
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Steak n Shake |
Phone Number: (317)633-4100 |
Steak n Shake In the Press
No results at this time.Historical Expansion
In what year did Steak n Shake begin operations? 1934
When did Steak n Shake begin selling franchises? 1945
Year United States Canada International Corporate 2005 45 0 0 386 2004 59 0 0 359 2003 57 0 0 354 2002 57 0 0 329 2001 0 0 0 0
Future Expansion
United States: North East, South, South East, South West, West,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
• Unparalleled Operations Support - A Steak n Shake Manager of Field Operations will help you open your restaurant and will be available for consultation with day-to-day operations. To help ensure a smooth restaurant opening experience, Steak n Shake will provide your first training hours via seasoned Steak n Shake trainers/staff. You will also receive our Operating Standards System, Manager-in-Training and Management Development Programs. Through your Manager of Field Operations, you will have the multi-functional resources of the Steak n Shake Company working on your behalf.
Marketing
• World Class Marketing - The Steak n Shake marketing is directed toward building brand loyalty and is not price-driven or reliant on low price discounting. Steak n Shake's television and print marketing are product-benefit directed, showing why Steak n Shake is superior to fast food alternatives with a fun, irreverent, tongue-in-cheek humorous approach. Sample television spots are available on this website for your viewing pleasure. The Marketing System is user-friendly and designed for the success of Franchise business owners.
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes