Steak N Shake Non Trad

$SNSNF500 #501
CategoryFood: Quick-Service Restaurants
SubcategoryHamburgers
Locations272
Franchisee Count196
Franchise Fee$10,000
Item 7 Low$259,336
Item 7 Midpoint$628,639
Item 7 High$997,942
Royalty Fees1% of Gross Receipts
Ad / Brand Fund
Sold Not Open
ParentBiglari Holdings Inc.
Founded1934
Completeness34/34 (100%)
Years in Business91
Began Franchising1934
HQIndianapolis, IN
Executives2
LinksWeb
Main Phone(317) 633-4100
FDD IssuedMay 8, 2026
Last UpdatedJul 28, 2026
FDD2026 🔒
Franchisor

Steak 'n Shake's principal business is the operation and development of a chain of quick-service restaurants specializing in premium burgers and milkshakes. The franchisor offers qualified employees and third parties the opportunity to acquire and operate existing company-owned Steak 'n Shake restaurants as franchises under the Steak 'n Shake system.

Steak n Shake Enterprises, Inc. is a wholly-owned subsidiary of Steak n Shake Inc., which is in turn a wholly-owned subsidiary of Biglari Holdings Inc. Key executives include Sardar Biglari (CEO) and Shawn Biglari (SVP Franchise Partnerships).

Steak 'n Shake's principal business is the operation and development of a chain of quick-service restaurants specializing in premium burgers and milkshakes. The franchisor offers qualified employees and third parties the opportunity to acquire and operate existing company-owned Steak 'n Shake restaurants as franchises under the Steak 'n Shake system.

Read Steak N Shake Non Trad’s complete May 8, 2026 Franchise Disclosure Document. Founder level — $19/mo — also unlocks Item 19 revenue, financial strength and unit trajectory across all 3,850 brands on FranDeals.

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