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90. Steak 'n Shake

Last Year's Rank: 90

Investment Range: Over $1 Million

Category: Restaurant

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Company Description


Steak ‘n Shake is a casual restaurant chain located primarily in the midwestern and southern United States, serving primarily hamburgers and milkshakes. Typical locations have sit-down, drive-thru and front-window service, combining to-go service and diner-style sit-down service. Many restaurants are open 24 hours a day, seven days a week.

Steak ‘n Shake is a wholly owned subsidiary of Biglari Holdings Inc. The company has 561 locations as of December 2015, with 144 units owned by franchisees. 

Company Statistics


Global Sales: $1,050,000,000*

US Units: 568

International Units: 22

Total Units: 590

Percent Franchised: 29%

% International Units: 4%

US Franchised Units: 153

International Franchised Units: 20

Sales Growth %: 2.4%

Unit Growth %: 5.2%

*Franchise TImes Estimate

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