From the filings · Full service restaurant

Steak n Shake Enterprises franchise

406 locations. Headquarters picks the POS, the card processor and the loyalty program.

Older dataFrom the 2025 filing on record. A newer filing is due, so these figures may have changed.Updated September 2026
Total investment
$1.21M to $2.70M
Item 7
Locations
406
Item 20
Average revenue
$1.82M
per location, 2024
See your fit for this brand

For software vendors selling into US franchise brands.

Fees and terms

What a franchisee signs up for

Initial fee
$25K
Item 5 · per location
Royalty
5%
Item 6 · full terms unconfirmed
Ad fund
1%
Item 6 · percentage component
Term
10 years
Item 17
Franchised
66%
Item 20 · 266 of 406

For vendors

What decides a sale into Steak n Shake Enterprises

Technology

Headquarters picks the point of sale

Every location must use Acrelec. A pitch for a POS goes to headquarters, not to owners.

Item 11 · 2025 filing
Supplies

Suppliers come from an approved list

Owners buy from approved suppliers, and a new supplier needs headquarters' approval first.

Item 8 · 2025 filing
Owners

Mostly single-location owners

About 1 in 7 owners runs more than one location.

Item 20 · 2025 filing

The account brief

The rest of the filing, read for your product

We keep the detail off this page. Tell us what you sell, and an analyst sends the full brief for Steak n Shake Enterprises, with the clauses that matter to you.

  • All 9 systems the filing namesWhich are required and which are only mentioned, with the clause text
  • Who decides at headquartersThe technology, operations and finance leads, by role and name
  • The owner map73 owners by state, and the 10 who run several locations
  • 27 requirements the filing setsEach with the franchisor's own sentence
Source

Read the filing itself

Read the original document for the filing figures and their terms, page by page. Buy the original PDF to download, search, and annotate it.

Steak n Shake Enterprises2025 FDDView only

Loading filing…

View only A one-time purchase: the original filing, yours to keep.

Answered from the filing

Steak n Shake Enterprises franchise questions

How much does a Steak n Shake Enterprises franchise cost?

The 2025 FDD puts the total investment at $1,207,909 to $2,695,052, including a $25,000 initial fee.

How many Steak n Shake Enterprises locations are there?

The 2025 FDD lists 406 locations, 266 of them franchised and 140 run by the company.

What POS system does Steak n Shake Enterprises use?

The 2025 FDD requires Acrelec as the point of sale in every location.

Primary franchise filings · updated September 2026. Read the original filing for definitions, conditions, and qualifications.