Franchise opportunities compared
Spitz Radwick Franchising LLC vs Steak n Shake Enterprises Traditional Franchise Program
Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.
Before you compare
- Both sets of figures come from 2026 FDDs.
- Steak n Shake Enterprises Traditional Franchise Program discloses more than one business format, so the investment range spans formats; the full report breaks them out.
- Item 19 figures cover the location groups each FDD names (Spitz Radwick Franchising LLC: 2, Steak n Shake Enterprises Traditional Franchise Program: 8). Different groups are not directly comparable.
| Disclosure |  Spitz Radwick Franchising LLC |  Steak n Shake Enterprises Traditional Franchise Program |
|---|---|---|
| Financial commitment | ||
| Estimated initial investment (Item 7) | $1,168,500 – $9,290,400 Cash As Incurred Approved Suppliers & Employees Grand Total 14 (low end) 2026 FDD · Item 7 · PDF p. 24 | $316,000 – $2,656,425 2026 FDD · Item 7 |
| Standard initial franchise fee (Item 5) | $35,000 2026 FDD · Item 5 · PDF p. 12 | Not available No single standard fee identified |
| Royalty (Item 6) | 6% Royalty Fee rate 2026 FDD · Item 6 · PDF p. 14 | 5% Royalty and System Fee & License Fee 2026 FDD · Item 6 · PDF p. 19 |
| Brand / advertising fund (Item 6) | 2% Marketing Fund Fee maximum — 2% 2026 FDD · Item 6 · PDF p. 14 | $50 Custom Marketing Services: $50 to $135 per hour 2026 FDD · Item 6 · PDF p. 21 |
| System scale & health | ||
| Total outlets (Item 20) | Not available No reviewed outlet counts | Not available No reviewed outlet counts |
| Net outlet change (Item 20) | Not available Only one year reported | Not available Only one year reported |
| Outlet exits (Item 20) | Not available No complete exit records for a year | Not available No complete exit records for a year |
| Franchising since (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Franchisor founded (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Performance (Item 19) | ||
| Financial performance (Item 19), by location group | Locations counted not stated in the reviewed record — 21 franchised Spitz Restaurants reporting complete financial performance inform… $1,715,617 other Table 1 average Gross Revenues · 2026 FDD · Item 19 · PDF p. 66 Locations counted not stated in the reviewed record — Four affiliate-owned Spitz Restaurants for Jan. 1–Dec. 31, 2025; all four were… $685,359 other Table 2 average Other Costs · 2026 FDD · Item 19 · PDF p. 66 | Locations counted not stated in the reviewed record — Traditional Franchise Restaurants 59 outlets other Traditional Franchise Restaurants sample size · 2026 FDD · Item 19 · PDF p. 75 Locations counted not stated in the reviewed record — Total Franchise Restaurants 214 outlets other Total Franchise Restaurants sample size · 2026 FDD · Item 19 · PDF p. 75 Locations counted not stated in the reviewed record — Franchise Partner Restaurants — Quartile 2 25.5 percent other Total Labor Cost as % of Net Sales · 2026 FDD · Item 19 · PDF p. 78 +5 more groups in the full report |
Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.
Spitz Radwick Franchising LLC vs Steak n Shake Enterprises Traditional Franchise Program: common questions
- Which costs less to open, Spitz Radwick Franchising LLC or Steak n Shake Enterprises Traditional Franchise Program?
- Spitz Radwick Franchising LLC: $1,168,500 – $9,290,400 (2026 FDD · Item 7 · PDF p. 24); Steak n Shake Enterprises Traditional Franchise Program: $316,000 – $2,656,425 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Steak n Shake Enterprises Traditional Franchise Program. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
- How do Spitz Radwick Franchising LLC and Steak n Shake Enterprises Traditional Franchise Program royalties compare?
- Spitz Radwick Franchising LLC: 6% (2026 FDD · Item 6 · PDF p. 14); Steak n Shake Enterprises Traditional Franchise Program: 5% (2026 FDD · Item 6 · PDF p. 19). Royalties as disclosed in Item 6; other recurring fees are listed separately.
- Do Spitz Radwick Franchising LLC and Steak n Shake Enterprises Traditional Franchise Program disclose financial performance (Item 19)?
- Spitz Radwick Franchising LLC has reviewed Item 19 figures for 2 location groups; Steak n Shake Enterprises Traditional Franchise Program has reviewed Item 19 figures for 8 location groups. Different location groups are not directly comparable, and revenue is not profit.
Answers restate the reviewed figures above. Not a ranking or recommendation.