HQ-led decisions

Steak n Shake Enterprises

Full service restaurant

Software purchasing at Steak n Shake Enterprises is driven by a tightly mandated tech stack controlled at the corporate level. The franchisor requires specific systems from Acrelec, NCR Voyix, and Glory across its 406-unit system, creating a concentrated addressable market for vendors who can integrate with or displace these incumbents. With 266 franchised locations and 140 company-owned stores, the opportunity centers on compliance-driven replacements and add-ons that align with HQ’s operational mandates.

Live signals

Total units
406
266 franchised
Unit growth YoY
-8.904%
vs prior filing
AUV
$1.82M
Item 19, 2024
Royalty
5%
of gross sales
Ad fund
1%
national + local
Initial fee
$25K
per unit
Investment range
$1.21M–$2.70M
all-in, Item 7
Procurement
Approved supplier
from the filing
Non-compete
2 years
from the filing
Item 19
Claims
from the filing

Ongoing fee load

What the operator pays every month

The recurring percentage of gross sales named in this filing, before rent, labour or any technology fee.

6%of gross sales (FY2025)

Ongoing fees: 6% of gross sales (FY2025)Royalty 5%, Ad fund 1%. Total 6% of gross sales. Drawn against a 15% reference scale.

15% reference

Royalty 5%Ad fund 1%

Mandated & recommended tech

The systems vendors compete with

3 of these are mandated in the franchise agreement. Each is named in Item 11 of the filing, the incumbents a challenger must displace or integrate with.

Acrelec
Mandatory
POSItem 11

are required to purchase the NCR Aloha Point of Sale software and hardware through NCR (terminals, kitchen screens, bump bars, back-office server, printers, payment devices), the Acrelec Kiosk solutio

NCR
Mandatory
POSItem 11

Required Technology we require. A list of the current Required Technology is included below. You are required to purchase the NCR Aloha Point of Sale software and hardware through NCR (terminals, kitc

NCR Aloha
Mandatory
POSItem 11

se and use all of (and only) the computer systems and Required Technology we require. A list of the current Required Technology is included below. You are required to purchase the NCR Aloha Point of S

Facebook
MarketingItem 11

d/or sign. You acknowledge that you are strictly prohibited from: i) promoting your Restaurant and/or using the Marks on any social or networking website or application, including Facebook, LinkedIn,

Glory
POSItem 11

nd hardware through NCR (terminals, kitchen screens, bump bars, back-office server, printers, payment devices), the Acrelec Kiosk solution through Acrelec and Cash Machine through Glory. (See Item 7,

Instagram
MarketingItem 11

wledge that you are strictly prohibited from: i) promoting your Restaurant and/or using the Marks on any social or networking website or application, including Facebook, LinkedIn, Instagram, TikTok an

LinkedIn
MarketingItem 11

You acknowledge that you are strictly prohibited from: i) promoting your Restaurant and/or using the Marks on any social or networking website or application, including Facebook, LinkedIn, Instagram,

TikTok
MarketingItem 11

you are strictly prohibited from: i) promoting your Restaurant and/or using the Marks on any social or networking website or application, including Facebook, LinkedIn, Instagram, TikTok and Twitter, o

Twitter
MarketingItem 11

rictly prohibited from: i) promoting your Restaurant and/or using the Marks on any social or networking website or application, including Facebook, LinkedIn, Instagram, TikTok and Twitter, or any simi

The vendor opportunity at Steak n Shake

Steak n Shake Enterprises operates 406 full-service restaurants, with 266 franchised and 140 company-owned locations. The system generated an average unit volume of $1,815,588 in the most recent reporting period. Year-over-year unit growth declined by 8.9%, signaling a consolidating footprint that may prioritize operational efficiency and technology-driven cost control. For software vendors, this means a focused, HQ-driven buying environment where mandates carry weight across the entire system.

The franchise is not part of a larger parent company, appearing independently owned. Its operator base includes 90 mapped operators, 27 of which are multi-unit. The unit-band split shows 63 single-unit operators and 27 operators with 2 to 9 units. No operators control 10 or more locations. This fragmented operator base reinforces the franchisor’s role as the central technology decision-maker.

Who controls software purchasing

The 2025 FDD lists five key executives in Item 1: Sardar Biglari (Chairman & Chief Executive Officer), Steven L. May (Chief Administrative Officer), Kristen Briede (Chief Global Development Officer), Arpit Bhoti (Chief Financial Officer), and Adrian Saide (Chief Financial Officer of Franchise System). No separate Chief Information Officer or Chief Technology Officer is named. Technology mandates likely originate from the CEO and CAO, with financial oversight from the CFO. Vendors should target this C-suite group when positioning enterprise software.

Because the franchisor mandates specific systems, the buying center is concentrated at headquarters. Multi-unit operators may influence feedback on existing tools, but the FDD does not indicate any franchisee-level procurement autonomy for core operational technology.

Mandated and current tech stack

Steak n Shake’s FDD mandates several named systems. The point-of-sale environment runs on NCR Aloha by NCR Voyix. Self-service ordering is handled through Acrelec Kiosk, also mandated. Cash management relies on Glory Cash Machine, with Glory named as the vendor. Additional mandated categories include food cost and supply chain software, as well as labor management systems, though specific vendors for those categories are not disclosed in the FDD.

This stack creates a clear integration landscape. Any software selling into Steak n Shake must either complement these mandated systems or present a compelling case for replacement at the franchisor level. Vendors offering supply chain optimization, labor scheduling, or financial analytics should map their integrations to NCR Voyix, Acrelec, and Glory as a baseline.

Procurement, renewals, and timing

Item 8 of the FDD does not include an extract describing procurement or purchasing obligations. The absence of that detail means the formal procurement model—whether designated supplier, approved supplier, or open—is not publicly confirmed. However, the explicit technology mandates point toward a designated-supplier approach controlled by the franchisor.

Renewal terms, outlined in Item 17, offer two paths for franchisees in good standing: a standard franchise term then offered by the franchisor, or a standard term plus two additional options of 5 years each. The initial franchise term is 10 years. These renewal windows represent natural points when franchisees may evaluate new technology, though any adoption would still require franchisor approval given the mandated stack.

How to read the Steak n Shake FDD

The 2025 Steak n Shake Franchise Disclosure Document is embedded below. Item 1 identifies the executives listed above. Item 11 details the mandated technology systems. Item 17 covers renewal conditions and term lengths. For software vendors, these sections are the most actionable. Cross-reference the mandated systems with your product’s integration capabilities, and note the executive names for outreach. The FDD does not disclose a parent company, confirming Steak n Shake Enterprises operates independently.

If you sell software into franchise restaurants, understanding this document is the first step toward a qualified pitch. For a ranked target list of franchise systems matched to your product, FranCloud can help.

Questions vendors ask

Steak n Shake Enterprises, answered from the filing

The FDD lists Sardar Biglari (Chairman & CEO), Steven L. May (Chief Administrative Officer), and Arpit Bhoti (CFO). Technology mandates flow from this C-suite group, with no separate CIO named.
The 2025 FDD mandates NCR Aloha Point of Sale by NCR Voyix, Acrelec Kiosk, Glory Cash Machine, food cost/supply chain software, and labor management systems.
406 total units: 266 franchised and 140 company-owned. The system contracted by 8.9% year-over-year, with Missouri (52), Florida (18), and Illinois (18) as top states.
Item 8 procurement details are not disclosed in the most recent FDD. The heavy tech mandates suggest a designated-supplier model controlled by the franchisor.
Initial franchise terms run 10 years. Renewals offer a standard term or two 5-year options. Contract windows may align with renewal cycles or system-wide tech refresh initiatives.
The 2025 FDD is filed with state franchise regulators. You can view the embedded PDF viewer below to read the full document.
Source

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Operator footprint

Who runs the locations

90 operators run 148 mapped locations. 27 of them are multi-unit. Aggregate counts from the filing; no names.

Operators by units owned

Single-unit63
2–9 units27

Top states by locations

MO52
FL18
IL18
GA12
KY8

Ownership

The portfolio behind Steak n Shake Enterprises

strategic_multibrand of Biglari Holdings.

Related Full service restaurant brands

Primary franchise filings · updated June 2026. Every figure is source-traceable and QA-checked.