Steak N Shake

$SNSTF500 #501
CategoryFood: Quick-Service Restaurants
SubcategoryHamburgers
Locations272
Franchisee Count219
Franchise Fee$25,000
Item 7 Low$1,207,909
Item 7 Midpoint$1,932,167
Item 7 High$2,656,425
Royalty Fees5% of Gross Receipts
Ad / Brand Fund1%
Sold Not Open
ParentBiglari Holdings Inc.
Founded1939
Completeness34/34 (100%)
Years in Business87
Began Franchising1991
HQIndianapolis, IN
Executives3
LinksWeb
Main Phone(317) 633-4100
FDD IssuedMay 8, 2026
Last UpdatedAug 24, 2026
FDDs2026 · 2022 🔒
Franchisor

SNS Enterprises offers franchises for the establishment and operation of Steak n Shake By Biglari restaurants, which are quick-service and non-traditional format restaurants serving premium burgers and milk shakes, operating under a standardized system with distinctive architectural design, menu, and operating procedures.

Franchisees must use approved computer systems, with costs for a quick-service format estimated at $120,000. The franchisor provides IT support for point of sale systems and requires compliance with their standards.

SNS Enterprises offers franchises for the establishment and operation of Steak n Shake By Biglari restaurants, which are quick-service and non-traditional format restaurants serving premium burgers and milk shakes, operating under a standardized system with distinctive architectural design, menu, and operating procedures.

Read Steak N Shake’s complete May 8, 2026 Franchise Disclosure Document — plus 1 prior year on file. Founder level — $19/mo — also unlocks Item 19 revenue, financial strength and unit trajectory across all 3,850 brands on FranDeals.

Get the FDD
Open CRM →