Steak 'n Shake

Also filed as: Steak n Shake

Franchise Information

Analyzed filing: ND · File #223600

FDD issued: Apr 25, 2025

FDD Issued: Apr 25, 2025

Extracted: May 8, 2026

Analyzed

Franchisor Details

Name: Steak n Shake Enterprises, Inc.

Parent: Steak n Shake Inc.

Address: 107 South Pennsylvania St., Suite 400, Indianapolis, Indiana 46204

Phone: (317) 633-4100

Website: www.steaknshake.com

Industry & Qualifications

Industry

Food & Beverage

Franchise Fee

$10,000

Royalty

Not disclosed

Ad Fund: 10.0%

Total Investment

$184K - $1.00M

Outlet Information

Total Outlets

406

Franchised

266

Company-Owned

140

Opened (Last Year)

Closed (Last Year)

-48

Churn Breakdown (Last Year)

Terminations

Non-Renewals

Ceased Ops

Transfers

Reacquired

Item 19 (Financial Performance)

Disclosed

Average Annual Earnings (profit) for Franchise Partners for full year ended Dece...

Financial Performance (Item 19)

Avg Unit Volume

$118,966

Median

$121,096

Top 25% Avg

$172,466

Bottom 25% Avg

$64,104

Highest

$242,496

% Achieving Avg

51.9%

Sample Size

158 units

Legal History

Litigation: Yes

Pending: SAS MONK AND KAMASI SARL VS. STEAK N SHAKE INTERNATIONAL, S.A.R.L. (Cannes Commercial Court...

Bankruptcy: None

Number	File name	Source State	Filing Date	Actions
223600	509786_Franchise__Steak_n_Shake_Enterprises__In_North Dakota_223600.pdf Canonical 2025 analysis · newest filing	ND	Apr 25, 2025 FDD issue date	Restricted
638803	638803_steak-n-shake-enterprises--inc-.pdf Alternate source copy	WI	Apr 25, 2025 FDD issue date	Restricted
2072973060	MN_31682-202405-06_steak-n-shake-enterprises,-inc..pdf Canonical 2024 analysis	MN	Dec 16, 2024	Restricted
155342	509786_Franchise__Steak_n_Shake_Enterprises__In_North Dakota_155342.pdf Alternate source copy	ND	Mar 28, 2024 FDD issue date	Restricted
6467	CA_6467.pdf Canonical 2016 analysis · needs review	CA	Aug 4, 2016	Restricted

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