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97. Steak 'n Shake

Last Year's Rank: 94

Investment Range: $244,000 - $2,328,000

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, mainly serving hamburgers and milkshakes.

Typical locations have sit-down, drive-thru and front-window service, combining to-go service and a diner-style sit-down experience. Many restaurants are open 24/7.

Founded in 1934 in Normal, Illinois, Steak ‘n Shake has over 600 locations in the U.S. and Europe. The chain is a wholly owned subsidiary of Biglari Holdings Inc.

Company Statistics


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

US Units: 594

International Units: 32

Total Units: 626

Percent Franchised: 34%

% International Units: 5%

US Franchised Units: 184

International Franchised Units: 29

Sales Growth %: -5.7%

Unit Growth %: 1.8%

*Franchise Times Estimate

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